Blind Boxes continues to expand its footprint with strategic partnerships across the decentralized finance (DeFi) ecosystem. Today the team is pleased to announce a partnership with OIN Finance, a decentralized stablecoin issuance and trading platform.
Blind Boxes x OIN Finance BLES Stablecoin
OIN DAO allows projects to seamlessly integrate within the greater DeFi ecosystem by enabling them to mint stablecoins pegged to the US Dollar. OIN further facilitates DeFi functionality by enabling token swapping, staking, lending, and hedging. The platform also allows users to add leverage and earn higher yields.
This partnership opens fresh possibilities for BLES token holders . For example users can lock their tokens in the OIN DAO smart contract to trigger the issuance of a BLES stablecoin. This token can then easily be swapped for mainstream crypto assets or utilized as leverage to earn a higher yield.
The partnership also empowers the OIN community to stake their native stablecoin, USDO1, and earn Blind Boxes’ synthetic cryptocurrency, BLES. These newly minted BLES stablecoins could potentially be redeemed by the OIN community to access special features. These perks could include the ability to get early access to limited edition NFT collections or the ability to activate discounts on purchases made on the Blind Boxes platform.
“Always looking for a way to reward and strengthen our community, we’re excited to be announcing this partnership with Blind Boxes! By providing us with a great platform to release a unique set of NFT’s this partnership and Blind Boxes as a company is definitely we’re looking forward to!”
— Richie Li, co-founder at OIN Finance
OIN NFT Art Contest
OIN Finance will kick off its own NFT journey by tapping the Blind Boxes’ roster of creators to create art in the theme of the company and project. Winners of the competition will have their work minted into NFTs and sold within a limited edition, OIN-branded Blind Boxes collection.
“Our partnership with OIN Finance opens up another avenue for the BLES community to earn yield and unlock value with their tokens with OIN DAO. It also introduces a niche audience of dynamic OIN fans to the NFT ecosystem through our gamified platform. We look forward to a fulfilling collaboration with their team.”
— Anita Angelica Moore, co-founder & CEO, Blind Boxes
OIN is a decentralized stablecoin issuance and trading platform. While MakerDao allows only mainstream assets to be used as collateral to issue DAI, OIN DAO allows projects, large or small, to issue their own brand labeled synthetic assets that are collateralized by their own coins; in essence, any projects can mint their own stablecoins to participate in the greater DeFi ecosystem. Starting with Ethereum, and gradually expanding to other popular ecosystems such as Polkadot, Avalanche, and Near, OIN is on track to become a one-stop shop for cross-chain stablecoin issuance, trading, and implementation.
With planned off-ramps and use cases such as swapping for other mainstream stablecoins, adding leverage, hedging, lending, and a plethora of ecosystem-specific utility, OIN is expanding DeFi to cover all of the crypto space.
For all the recent updates and progress, connect with OIN Finance and become a part of our community at:
About Blind Boxes
Blind Boxes is a gamified curation platform and launchpad for NFTs (non-fungible tokens). This highly scalable dApp enables brands and creators to diversify their revenue streams, increase the liquidity of their creative assets, and to become leaders in decentralized global economies, while engaging fans and buyers to discover and collect rare, limited edition NFTs.
Via the Blind Boxes Marketplace, buyers experience the thrill of time-released curated NFT collections. Here collectors unlock sealed packages of exclusive items, curated by tastemakers across the arts, music, & entertainment. Curation is at the core of our value proposition. The platform offers a commission structure that incentivizes independent contributors to produce bespoke blind box collections that feature top-tier talent and emerging artists and designers from around the world.
For all recent announcements and updates, connect with us: