Orion Money Terra IDOs,

Airdrops, and Token

Buyback

Orion Money

5 days ago·7 min read

This post is for #LUNAtics — that’s how participants of the

Terra blockchain ecosystem call themselves. If you own (and
stake) $LUNA, you’re one of them! If you’re not and would like
to become one, you can start learning about Terra
at LearnTerra.io and review Terra dashboards by
SmartStake.
Orion Money’s vision is to become a cross-chain stablecoin
bank providing seamless and frictionless stablecoin saving,
lending, and spending. Within the Orion Money stablecoin
bank, there are three main products — Orion Saver, Orion Yield
and Insurance, and Orion Pay. To learn more about Orion
Money please read our Litepaper.

Orion Money’s current Target Addressable Market

(TAM) is $130B in stablecoins on Ethereum and that
number is forecasted to grow to trillions of dollars in
the next few years (research by Jump Capital).

Orion Saver is already live on Ethereum and reached a TVL

of $170m+. $ORION and LP staking is also available with great
APR rates on Ethereum and BSC.

Despite the title of this post and the popularity of $ORION

airdrops, we would like to highlight that Orion Money’s benefits
for the Terra ecosystem and community go far beyond the
airdrops or IDOs.

What value-add does Orion Money bring

to Terra?

We’re not only building Orion Money into a large

(potentially even huge — one day in trillions of $$$
TVL) platform, but we also bring significant benefits
for the Terra ecosystem.
 1. We attract new users to Terra. Orion Money
brings Anchor Protocol’s fixed Earn rate to
crypto users on other blockchains. We serve as a
live advertisement of how great Terra’s money
(UST) works that, even considering cross-chain
bridge’s fees and costs, the Anchor rate is still the
highest stablecoin fixed rate compared to any
other chain. Our IDOs and token listing
marketing efforts on Ethereum resulted in
bringing many people to discover Terra for the
first time.

2. We bring liquidity from other chains into

Terra and Anchor. All Orion Saver deposits
go directly into Anchor Protocol — increasing its
Earn TVL. It's $82M+ so far but our goals are in
billions of dollars within 12 months.

3. We burn Luna. As you know, when more

$UST is used, its rate goes up and more $UST is
created by burning Luna. With Orion Money’s
billions in TVL, billions of dollars of Luna will
need to be burned. This of course decreases the
total supply of Luna and pushes the price up.

If that sounds a bit theoretical, consider that during Orion

Money’s Community Farming Event (August 16th to 19th) we
got just a small taste of how Orion Money can contribute to the
Luna burn. During this event, we contributed to burning 1M+
Luna per day for 3.5 days. See screenshots of Aug 16th and 17th
below from the Smart Stake dashboard (unfortunately, we
didn’t take one for 18–19th).

This was the largest/most consistent 1M+ daily Luna burn

during the month of August and, together with other factors like
bETH staking, for example, this led to a pretty substantial
increase in Luna price. See below