Cronos-Based Crypto Lending Protocol Orby Network Launches Interest-Free Lending Dollar Stablecoin。As a result, Orby's native stablecoins can be borrowed on the Cronos network and used for decentralized financial purposes without incurring high or unpredictable interest charges.。

Orby is one of the most popular emerging platforms on the EVM blockchain Cronos。User can create and borrow USC dollars with selected collateral。Interest-free borrowing of USC dollars will deepen liquidity on Cronos and improve capital efficiency for Orby users。

The USC dollar is a super-collateralized stablecoin that is soft-pegged to the U.S. dollar as a store of value, unit of exchange, and unit of account.。Users who borrow USD stablecoins can retain ownership of their crypto assets and profit from any appreciation, while also being free to use USD stablecoins to participate in other ecosystem activities。

DeFi lending platforms typically charge interest ranging from 2-6% to users who wish to borrow stablecoins.。The longer the stablecoin is borrowed, the higher the borrowing rate on the agreement and the greater the amount of interest that must be paid。Orby's decision to back interest-free borrowing, first on Cronos, aims to spur greater economic activity on the Web。Users can borrow as many dollars as they want without being subject to interest repayments。

After the introduction of interest-free borrowing, Orby users can deposit selected crypto assets into the agreement and use those assets as collateral to borrow dollars。They also have the opportunity to earn liquidator fees by offering USDC to Orby's stable pool。The only fee that must be paid when borrowing US dollar cryptocurrency is a one-time borrowing fee that is not required to be paid until the borrowed US dollar cryptocurrency is repaid。Similar to other over-mortgage agreements, users need to maintain the health of their debt position to ensure that they are not liquidated.。

Orby Network is one of the third projects in the $100 million Cronos Accelerator Program.。The program targets early-stage cryptocurrency projects, providing them with mentoring and funding opportunities, encouraging innovation and development within the Cronos ecosystem, and helping drive widespread adoption of Web3.。

Charlotte Kapoor, director of innovation programs at Cronos Labs, added, "Orby is an integral part of the DeFi ecosystem that is forming on Cronos.。Introducing interest-free dollar lending on Orby will strengthen its position as a cornerstone of Cronos DeFi while unlocking new financial opportunities。"