OnX Finance (ONX) is a yield aggregating platform that focuses on generating yield for tokens like liquid staking, LP tokens, and vault tokens. By combining automated yield farming, lending, and stablecoins backed by liquid staking tokens, OnX Finance unlocks new yield opportunities for users. The platform offers Vaults, Lending, and a Fair Launch, allowing users to leverage their assets and participate in the DeFi ecosystem.
The OnX token plays an essential role in the OnX Finance protocol, as it is used for platform governance, receiving discounts on platform fees, accessing exclusive products, and voting on how trading fees are redistributed within the ecosystem. With a maximum supply of 10,000,000 OnX tokens, the release schedule is based on the number of OnX mined per block. A portion of every harvest is allocated towards an insurance fund and treasury, while a significant majority of tokens are reserved for distribution through yield farming.
OnX Finance collaborates with various partners, affiliates, and approved projects to enhance its ecosystem. The platform provides exchange services, analytics, audits, documentation, and a litepaper for users to gain insights and make informed decisions. By offering a multi-chain yield aggregating platform, OnX Finance aims to empower users to maximize their yield generation potential.
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