An ORE-centric DeFi protocol that gives you the tools to HODL with ease. CompoundORE offers a liquid staking solution ("LST") so you can stake once and never need to deal with your yield—it will just naturally compound for you. When you deposit your ORE into the CompoundORE vault, you receive vault tokens backed by ORE. As the underlying ORE generates yield and compounds, your vault tokens become worth more and more ORE. This may be a tax-efficient way for you to harness the power of ORE's strong yield. CompoundORE also gives you the ability to harness ORE's attractive yield with a cash advance. This cash advance will not charge interest or expose you to liquidation risk—instead, CompoundORE will use the underlying ORE in your account to automatically repay the advance and then flip you back to compounding in ORE. CompoundORE will also offer AutoBorrow (currently in development) to maximize the benefit of accessing your fiat cash advances. AutoBorrow will give you the option to use borrowed funds to purchase a new token and send it to a designated wallet address. For example, this feature will let you fund an auto-miner into perpetuity so you can truly get to a set-it-and-forget-it state.

Because we love ORE and think ORE is such a unique asset it deserves a DeFi ecosystem built to support it and it alone. Hard Hat Chad and team created a Store of Value that has no leaks, and as such ORE needs a DeFi ecosystem that preserves this quality. As large ORE holders, we wanted to build the DeFi protocol that we wanted to use ourselves—and that is CompoundORE. Our R&D will continue to be guided by this product vision. We are true believers in the ecosystem and willing to be long-term greedy on building CompoundORE. We chose to self-fund the project and avoid a token sale to have the flexibility we need to reinvest into this ecosystem and avoid creating a new "leak" in ORE.

No, we will never have a token for CompoundORE. A token would necessitate allocating protocol revenue to buybacks when it could instead be used to fund growth and consumer incentives.

Most certainly! Instead of a token, we will look for new ways to delight our customers. We intend to launch a steady stream of new products and do regular "art drops" from our private collection at The Collective. CompoundORE customers will have regular chances to win art from established artists around the globe.

Rather than charge interest, CompoundORE takes a small cut of staking revenue on the platform. Regardless of what happens to ORE prices or ORE yield, your cash advance "debt" will never grow, and you will never be liquidated. We can take this risk because we are using our own funds to bootstrap liquidity and are comfortable with the risk. We may have partners join us in this effort but are comfortable doing it alone if needed. Our small share of staking revenue gives us the ability to grow protocol funds for the broader ORE community to access.

That is the plan. We currently have the limit set low to make sure everyone has a shot at using the product, but as liquidity grows we expect to continue increasing limits so the community can enjoy larger advances.

Nope. ORE is unique and the only Store of Value capable of supporting CompoundORE's offering. If someone else wants to try to do the same for another token, we wish them luck.

This feature completes the utility loop for ORE. With AutoBorrow you can harness ORE's product power (high real yield) to automatically stack any token you want in any wallet you want. As mentioned above, this would be perfect for powering your ORE auto-miner. You could also use this feature to stack stables, JLP… the possibilities are nearly endless.