Orion Protocol (ORN)
Basics
- Based in:
- Founded in:
- Mainnet release: 31-5-2021
- Not to be confused with Orion Money (ORION), which is built on Terra.
History
Audits & Exploits
- Orion protocol previously had a Bug Hunter Program that rewarded beta testers with up to 100,000 USDT for the most critical of bug finds. No longer an active program (30-7-2021).
- Scored a 50% on DeFi Safety (30-7-2021):
"Certik published a Orion Token Sale audit report on July 11th 2020. This does not concern the smart contracts of the protocol that does not seem to have an audit yet. Therefore a 20% score.
Orion Protocol launched their mainnet (Orion Terminal) on May 31st 2021.
Note: Most of the Certik fix recommendations were purely informational, and did not necessarily require implementation from the Orion Protocol team."
With the comment: "Good team transparency and documentation, with decent testing. Orion lacks on Access control information, and in security."
Bugs/Hacks
- Had a $2.8 million exploit on Ethereum via reentrancy (4-2-2023).
- When KuCoin got hacked (28-9-2020), Orion Protocol updated its smart contract to render $8.5 million stolen tokens obsolete. This shows centralized powers.
Governance
Admin Keys
- Can be found here. From Defi Safety (30-7-2021):
"a) All contracts are clearly labelled as upgradeable.
b) User is the onlyOwner of their wallet info.
No evidence of Pause Control or similar functions found in the Orion Protocol documentation."
DAO
Treasury
Token
Launch
Token allocation
Utility
Token Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found here.
- Code can be viewed [insert here].
- Built on: Elrond (12-2020), Avalanche (16-3-2021)
How it works
Fees
Upgrades
Staking
Liquidity Mining
Scaling
Different Implementations
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
- PolkaCover; from the announcement (24-3-2021): "PolkaCover will offer a white-labeled platform for Orion Protocol to allow its users to purchase Crypto Insurance products instantly through their accounts."
Competition
Pros and Cons
Pros
Cons
- When KuCoin got hacked (28-9-2020), Orion Protocol updated its smart contract to render $8.5 million stolen tokens obsolete. This shows centralized powers.
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
