An overview of Oikos || Decentralized finance (DeFi)
The emergence of decentralized finance
To make an alternative payment system to government-controlled fiat the anonymous Satoshi Nakamoto created the Bitcoin.
He wanted to make absolute power from trusted authorities to the people.
He made digital currency in a peer-to-peer manner, without an intermediary.
Without the development of more robust blockchains such as Tron and Ethereum blockchains, this full-fledged decentralized financial ecosystem would not be fully possible.
Now with decentralized finance (DeFi), you can have smart contracts protocols, digital assets, and decentralized applications (dApps) built on public distributed ledgers.
Tron network offers more scalability While many DeFi projects have hitherto been built on the Ethereum blockchain.
to bring key DeFi applications such as lending, asset management to the Tron blockchain A major project powering this initiative.
to ensure the project’s goals are aligned with the community we have recently initiated regular community governance calls.
What is Oikos?
Oikos is a Tron based decentralized finance synthetic asset platform built on the Tron network that provides on-chain exposure to fiat currencies.
It is powered by Tron blockchain which will expose users to the emerging world of open (decentralized) finance.
users can issue and trade various categories of synthetic with Oikos protocol.
It is also called Synths.
To create a market and liquidity for crypto-backed synthetic assets it provides us with a synthetic asset issuance platform, a collateral mechanism, and a decentralized exchange.
Minter and Oikos DEX are the two major decentralized Tron-based applications that Oykos is providing.
This exchange allows user exchange Synths.
On the other side, users can mint and burn synthetic assets with Minter.
Oikos decentralized exchange
for trading synths and for purchasing synthetic USD (sUSD) with ETH a decentralized application named Oikos Exchange is built on Tron blockchain. Oikos Swap is an additional integration to the Oikos ecosystem that allows users to trade any Tron-based token without wrapping or going through any centralized authority.
You can contribute to liquidity to receive commissions from exchange fees in this decentralized process without involving an intermediary.
as all trades are executed peer-to-contract users can reprice their collateral.
an equivalent portion of an OKS is automatically unlocked as collateral when the price of OKS increases.
as the system converts the debt from one Synth to another no counterparty is required to exchange.
About synthetic assets?
A synthetic asset means a mix of assets that have the same value as another asset.
It allows crypto holders to trade traditional financial instruments and their derivatives.
It has no border so it is available to all, even the unbanked.
You can use Oikos to mint commodities, cryptocurrencies, and fiat currencies.
There are currently five categories of Synths available: fiat currencies, commodities, cryptocurrencies, inverse cryptocurrencies, and cryptocurrency indexes.
When holders stake Oikos Network Tokens (OKS) they receive a pro-rata share of the fee pool generated on the exchange platform.
this gives them an opportunity for passive income.
All Synths are locked into a smart contract as collateral backed by the platform’s native token — Oikos Network Tokens (OKS).
by using Minter users can issue Synths when OKS is locked. You can trade or stake Synths against other Synths within the platform.
to prevent bad actors from gaming the system, this model of pooled collateralization is used and solving a problem common with existing decentralized exchanges.
0.3% fee is extracted and sent to the fee pool to be claimed by OKS When Synths are exchanged through the Oikos contract.
OKS wants to create a system where you can access powerful investment vehicles without leaving the crypto space.
By using the Tron network Oikos aims to open the world of traditional financial assets to everyone by decentralizing finance.
It is already the most complex and useful protocol built on Tron to date.
the utility of the platform will be vastly increased by Synths.
You can find out more about the project below at the link:
My BTT username: istiak2277
My BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2466118