Open Protocol

OPEN is a fully permissionless protocol that enables the minting/borrowing of stable coins against any token as collateral. There are no admin keys.

USDO is an overcollateralized multi-collateral stable coin which can be borrowed against any asset in a permissionless manner.

OPEN DAO controls the creation of USDO and earns fees. These come in the form of interest and minting fees via seeding various USDO lending markets.