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Orion Protocol Raised $3.45 million in Dynamic Coin Offering

Lily Yang

Summary: Orion Protocol, the decentralized finance liquidity aggregator, has raised $3.45 million through dynamic coin offering (DYCO), as reported by the Block.  Backed by USD, DYCO allows investors to request for refunds if the project fails to deliver. The refund process starts from month 9 to month 16 and it promises a maximum 80% refunds for ...

Orion Protocol, the decentralized finance liquidity aggregator, has raised $3.45 million through dynamic coin offering (DYCO), as reported by the Block. 

Backed by USD, DYCO allows investors to request for refunds if the project fails to deliver. The refund process starts from month 9 to month 16 and it promises a maximum 80% refunds for ORN holders. 

Calling itself “decentralized brokerage”, the Orion Protocol had been operating with its seed fund of $300,000 and DYCO was overenrolled by 300%, according to the firm.

By Lily Yang

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