Odysphere Testnet Guide

Odysphere is revolutionizing DeFi on the Dymension ecosystem with OUSD, a native stablecoin designed to enhance liquidity and utility for DYM token holders.

Why OUSD?

• Native Stablecoin: OUSD is Dymension’s go-to stable asset for trading, lending, and borrowing.

• Borrowing Power: Users can deposit DYM to mint OUSD, accessing liquidity without selling their assets.

• Secure & Stable: Loans are over-collateralized (110%), minimizing liquidation risks.

• Low, Fixed Interest: Borrow OUSD at a 4.6% interest rate, ensuring financial sustainability.

Key Features

• Lending Against DYM: Mint OUSD by locking DYM, boosting ecosystem liquidity.

• Stability Pool Rewards: Stake OUSD to earn liquidation rewards and support protocol stability.

• Efficient Liquidations: Positions below 120% collateral get liquidated, maintaining system integrity.

• Scalable DeFi Infrastructure: Paving the way for future DeFi applications within Dymension.

Odysphere Testnet Guide

1. Claim 10 testnet DYM daily from our Discord faucet.

   

2. Go to the website and access the testnet.

   

3. Click "Transfer" and bridge your testnet DYM from Dymension Hub → Odysphere RollApp.

   

4. Click "Deposit" to deposit DYM as collateral.

   

5. Mint OUSD with a 120% minimum collateral ratio.

   

6. Stake OUSD in the Stability Pool to earn rewards.

   

7. Claim rewards earned from the Stability Pool.

   

8. Swap assets within the Odysphere ecosystem.

   

   That's all for now, Perform the tasks repeatedly at least 3 times a week.

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