Ouro is here!
Ouro aims to create an inflation-proof store of value system on BSC, featuring Peer-to-Pool asset swaps. In essence, the project derives fiat inflations manifested in the growth of the value of crypto assets and migrates them onto OURO, making it inflation-proof against the USD.
What's OURO
OURO is the inflation-proof store of value that is 1-1 backed by crypto assets stored in the Reserve Pool.
Ouro is creating an inflation-proof store of value. When assets in the Reserve Pool appreciate, Up to 30% of the excess value will be reserved for an increase in OURO’s Default Exchange Price.
OGS, or Ouro Governance Share, is used for community governance in Ouro.
When any yield is generated from assets in the Reserve Pool, it will be used to improve liquidity for OGS trading pairs and to conduct OGS token burns. When assets in the Reserve Pool appreciate, at least 70% of the excess value will be used to conduct OGS token burns and the formation of Insurance Pool.
New OGS will be minted when the Reserve Pool does not have enough assets.
However, new OGS will be minted and used to acquire collateral when the Reserve Pool does not have enough assets to keep a 1-1 peg with issued OURO. Under extreme market conditions, assets stored in Insurance Pool will also be utilized to facilitate the process.
For more detail, please see here.