Contents
I. Introduction | II. Obymare | III. Conclusion
I. Introduction
The Cardano ecosystem has experienced remarkable growth in its DeFi capabilities, yet a critical piece of infrastructure remains absent: a truly decentralized, scalable, and reliably hard-pegged stablecoin. While existing solutions have served their purpose, the ecosystem demands a more robust foundation — one that combines unwavering stability with complete decentralization, free from the vulnerabilities of governance manipulation and central points of failure.
Today, Big BLYMP is proud to announce our third major initiative in the BLYMP plan that directly addresses this crucial need: Obymare!
Following our announcements of Yamfore PTP and Uyniboard, we proudly present Obymare, a next-generation stablecoin solution built specifically for Cardano. Since late 2023, the team has been working tirelessly in stealth mode to develop Obymare. It is scheduled for launch in the first half of 2025 alongside Yamfore PTP and Uyniboard, officially completing the Big BLYMP ecosystem, which we refer to as “The BLYMP Plan.”
II. Obymare
Obymare’s foundation draws from Liquity, a battle-tested, trusted, and major stablecoin protocol on Ethereum, while introducing crucial optimizations for Cardano’s EUTXO accounting model. Where Liquity proved the concept on Ethereum, Obymare elevates it through Cardano’s unique architecture.
In line with our commitment to true decentralization and protocol stability, Obymare operates without any governance mechanisms. Similar to Liquity, all protocol parameters are fixed at deployment, ensuring that the system runs autonomously without the risks associated with governance manipulation or human intervention. This immutable design provides users with complete certainty about the protocol’s operations and eliminates governance-related attack vectors.
Obymare maintains its dollar peg through a sophisticated system of over-collateralization and strong monetary incentives. These mechanisms have been carefully refined to work within Cardano’s concurrent transaction model, enabling faster processing and more efficient liquidations than traditional account-based systems.
At the heart of Obymare lies OBYUSD, its native stablecoin designed to become the cornerstone of the Yamfore PTP ecosystem. This integration isn’t merely a partnership — it’s a fundamental enhancement that enables Yamfore to introduce groundbreaking features like insured pools and many more. OBYUSD provides the reliable, autonomous stablecoin foundation that Yamfore PTP needs to expand its capabilities and offer more sophisticated DeFi products.
Security and reliability have been paramount throughout our development process. We’re proud to announce that Obymare has already undergone a comprehensive audit by TX Pipes, with the protocol currently in its final phase of polish and refinement. This commitment to security underscores our philosophy: we build first, test thoroughly, and only then proceed to launch.
In a significant departure from typical token launches, we’re implementing a “mainnet-first” approach. The Obymare protocol will be fully operational on mainnet before any token sale takes place. We believe actions speak louder than words, and we want our community to see, interact with, and trust the protocol before any token distribution occurs.
We’re especially excited to announce that $OBYIII, the protocol’s core utility token, will be airdropped to all existing CBLP holders. In a move that underscores our commitment to the community, a significant 10% of the entire circulating supply will be distributed to current CBLP holders. This airdrop will occur approximately one week after the token sale and mainnet launch, ensuring a fair and transparent distribution process. While complete tokenomics details remain under wraps for now, this substantial allocation demonstrates our dedication to rewarding the community’s early belief in the BLYMP vision.
The synergy among Obymare, Uyniboard, and Yamfore PTP creates a powerful ecosystem that benefits all participants.
The cycle begins with Uyniboard’s user-friendly interface, which serves as the primary gateway to Yamfore PTP. Users can acquire OBYUSD through two routes: directly minting via the Obymare protocol or purchasing through decentralized exchanges. Both paths benefit the ecosystem: direct minting through Obymare generates protocol fees, while DEX purchases drive demand and indirectly promote additional minting activity. All these interactions generate rewards for OBYIII holders.
This increased activity creates a virtuous cycle: as more OBYUSD flows into Yamfore PTP’s pools, borrowers gain access to larger loan amounts and more competitive rates. The enhanced borrowing experience attracts more users, leading to deeper liquidity in Yamfore PTP. This growth in protocol activity generates additional fees, as Yamfore PTP collects a portion of all borrower interest payments in CBLP.
This three-way integration also enables sophisticated DeFi products, such as our forthcoming insured pools feature — details of which we look forward to sharing in upcoming announcements. Each platform strengthens the others:
Simply Put:
- Obymare provides stable value
- Uyniboard delivers users
- Yamfore PTP generates yields
Together, they form a sustainable and scalable DeFi ecosystem.
Now, this wouldn’t be a proper introductory blog post without some UI/UX teasers: 👇
* Please note that these are preliminary UI/UX designs and not the final versions. Everything is subject to change*
III. Conclusion
The announcement of Obymare marks the last piece of the missing puzzle for the BLYMP plan. This completes Big BLYMP’s self-sustaining ecosystem of products, including Yamfore PTP, Uyniboard, and now Obymare, maximizing their collective impact and utility for the Cardano community and our community members.
As we at Big BLYMP continue to execute on our vision, Obymare represents more than just a stablecoin protocol — it’s the missing piece that completes our initial DeFi trinity. By building on Liquity’s proven model while optimizing for Cardano’s unique advantages, we’re creating an integrated ecosystem that’s more than the sum of its parts.
As the founder of Big BLYMP, I’d like to thank the community for their patience. It hasn’t been easy following along with us without being fully aware of everything. We’ve had some bumpy roads, but the journey for us is only starting, and we invite you all to come along for the ride. We’ve stayed focused and kept our heads down, and now it’s time for the community and team to reap the benefits of our hard work. It’s all out in the open now, and it’s go time for us to deliver.
“Token prices change, TVL moves, sentiment shifts, but fundamentals always stay the same.” — Brandon Chukwuka
Main Links
🌐 Website: https://bigblymp.com/
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✉️ Email: contact@bigblymp.com
