Orchai is a lending and borrowing platform that implements AI functions via Oraichain’s distinctive AIOracle mechanism. This project will utilize AI models to monitor their protocol in a dynamic market environment. The AI models are voted through DAO proposals and connected to smart contracts via AI Oracle. With that, Orchai will enhance the transparency and decentralization of the platform while ensuring a friendly user experience.
Orchai is an excellent fit for the Oraichain ecosystem, as there has been an increasing need for DeFi services to operate alongside established products like DINO Hub, AiRight, yAI.Finance, and OraiDEX. Orchai not only serves as an extra layer of DeFi offering for the Oraichain ecosystem but also extends the adoption of decentralized AI into dApps built on Oraichain Mainnet.
In Orchai, users can choose the scORAI as the tokenized representation of ORAI after staking in the Orchai protocol. In scORAI mechanism, the rewards earned from staking will be automatically re-staked to earn compound rewards. The rewards in this mechanism can only be withdrawn by unstaking scORAI, which takes a minimum of 14 days to process.
