Orcus Finance (the "Protocol") is delivering the first Fractional-Algorithmic Stablecoin pegged to the United States dollar which is built on the Astar Network. Since Astar Network is a gateway to the multi-chain environment, we are going to expand our stablecoin to as many networks as possible in the near future.
Orcus Finance is an entirely decentralized and autonomous protocol with the native governance token which aims to be the first leading Fractional-Algorithmic Stablecoin issuer on the Astar network and to implement multiple useful financial tools and other synthetic assets in the ecosystem.
oUSD - a stablecoin, which is partially backed by the USDC (the "collateral") as collateral on the one side, and the governance native token on the other. The first stablecoin with dynamic collateralization level. The collateralization ratio depends on the current market conditions, such as supply and demand.
The protocol is not subject to the regulation of financial services and can be used as a tool to increase capital efficiency within multi-chain blockchain solutions.
The protocol does not require manual active management and regulation from the development team side and offers automated algorithmic tools for self-performance and efficiency.
The protocol uses both solutions: Time-weighted average price (TWAP) and Chainlink price feed to connect the real-world USD price.