In web2 platforms operate as closed silos. There is no composability and the platform owns your data. This means that a platform with significant size enjoys a massive advantage due to the datasets it owns. …


USDO and other synthetic currencies can now be minted using a fork of Compound at omnicomp.ocp.finance

The design here is quite simple yet effective. USDO is minted via admin (And soon enough via DAO votes), but it enters circulation only when it is borrowed against at omnicomp.

This effectively separates…


The OPEN project is focused on connecting real world assets to DEFI.

At a technical level, our key product offering (USDO) looks like Maker’s DAI. However we not only do USD, but also other currencies such as EUR, AUD, INR, MYR, JPY, SGD etc.

Separate to that, we will have…


This article is a continuation of the How USDO works article referenced above.

While the above article describes some of the mechanics of how the peg will be achieved for USDO, there is an inherently simple mechanism by which a hard peg will be established.

But first a primer on…


This article should be seen as a continuation of my previous post in which I laid down the case for ETH.

While I covered the gas issues with ETH then, they were largely waved off. …


The Ocean O is a 12 month yield dollar launched by OPEN DAO and built on the UMA protocol.

It allows Ocean holders to lock their Ocean tokens and mint Ocean O synths which trace the price of USD.

From time to time the Ocean O will trade either above…


The key problem with bridging real world assets to DeFi is the bridge. To enunciate it boils down to 2 key problems:

  1. How do you determine an event has happened in the real world, and then trigger some conditions associated with a smart contract based on that?
  2. How do you…

UMA recently launched call options primitives

OPEN DAO plans to utilize them to launch CALL options for OPEN tokens. But instead of doing it via treasury we want to do it in a manner that incentivizes the community.

Consider you have a stack of OPEN tokens. You can lock them…


We are offering 50000 OPEN to any team that builds a multi collateral multi currency system based on the beta money market code from Open DAO.

Our long term goal is to build a suite of stable coins denominated in various currencies backed by a range of collateral including onchain…


This article is not legal advice. I am not a securities lawyer and please do not take this post as the primary basis of your operations. …

Moresh Kokane

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