Orion Money
Crypto Overview
Overview
Orion Money is a cross-chain stablecoin bank built on Terra blockchain. The platform aims to provide high-yield savings using stablecoins across multiple blockchains. ORION token is the governance and utility token of the ecosystem.
Purpose and Utility
The primary purpose of ORION is to provide governance rights and incentivize users within the Orion Money ecosystem. Token holders can participate in protocol governance decisions and earn rewards for providing liquidity.
Business Model Analysis
The core business model revolves around stablecoin yield generation and lending. The platform generates returns through lending activities and offers users higher yields than traditional banking. This model fundamentally involves interest-based lending and borrowing.
Real World Adoption
Due to the collapse of the Terra ecosystem in 2022, Orion Money's operations have been severely impacted. Current on-chain data shows minimal activity, and the project appears to be largely inactive.
Development Activity
There has been minimal recent development activity on the project's GitHub repositories, suggesting the project may be abandoned or in hibernation following the Terra collapse.
Token Distribution
The token distribution includes allocations for the team, early investors, and community. However, given the project's current state, detailed analysis of vesting schedules and current holdings is not particularly relevant.
Crypto Impact
To assign a comfort level investing in Orion Money from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Orion Money.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.