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Odin Insurance Fund (OIF)

Odin Insurance Fund

PreviousHow Does Auto-Staking Work?NextThe Treasury

Last updated 3 years ago

OIF is the acronym for the Odin Insurance Fund which is a separate wallet in Odin's OAP system. The OIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the OIF wallet.

In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02355% are backed by the OIF parameter, thus ensuring a high and stable interest rate to $ODIN token holders.

5% of all trading fees are stored in the Odin Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.

OIF Keeps holders safe by:

  • Avoiding flash crash through price stability

  • Achieving longterm sustainability and future growth of the Odin Financial

  • Greatly reducing downside risk

OIF Address: 0xE4a4A8849842c7FF04B1a37211f2fAE43Ccf3FfD