About Oikos.cash — Tron DeFi and Decentralized Finance on Tron

As we begin to look towards 2019, the crypto and blockchain industry is still seeking a firm grasp on its identity. In a sense, the space could be best described as a chameleon, as its various properties and characteristics (such as consensus mechanisms, data kept on chain, and especially the level of decentralization), are to a certain degree malleable so as to enable customized offerings for a given purpose. For this article, I would like to introduce to you a Decentralized Finance on Tron

Abstract

Oikos is a decentralised synthetic asset issuance protocol built on Tron. These synthetic assets are collateralized by the Oikos Network Token (OKS) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s. Oikos currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. OKS holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Oikos.Exchange, based on their contribution to the network. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the OKS token is derived. Trading on Oikos.Exchange does not require the trader to hold OKS.

By locking up OKS, issuing Synths and taking on the debt of those Synths, one also becomes a staker and starts earning staking rewards. These take the form of a portion of the Oikos Exchange fees as well as a share of the inflationary supply. The exchange fees are currently set at 0.3% per trade. They are put into a pool, where they can be claimed by stakers proportionate to their outstanding debt. So the more Synths someone issues, the more staking fees they earn. However, they can only earn staking rewards if they maintain a ~750% collateralisation ratio. This incentivises people to actively maintain their personal 750% ratios.

Oikos is a Tron based synthetic asset platform that provides on-chain exposure to fiat currencies, commodities, stocks, and indices. Synthetic assets (Synths) are backed by Oikos Network Tokens (OKS) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Oikos Exchange without liquidity limitations.

Why is Tron? By using the features of the blockchain and peer-to-peer (P2P) network technology, Tron attempts to bridge the gap between content creators and content consumers by eliminating the middleman. The result is an overall cost reduction for the consumer and improved collection through direct receipts for the content producer, which offers a win-win situation.

Highlights

• Price data is obtained via multiple trusted sources and aggregated to create a robust price oracle mechanism
• Developer tools make it easy to create applications leveraging Oikos services
• Trade over 30 different Synths from various categories
• Join liquidity pools to collect fees on TRX-TRC20 pairs. Trade TRX for any TRC20 without wrapping.
• Liquidity-sensitive automated pricing using constant product formula​.

Conclusion

Oikos has already delivered one of the most complex and useful protocols built on Tron to date. But the potential for censorship-resistant synthetic assets is still largely untapped. Further improvements to the mechanism as well as functional upgrades and new Synths will vastly increase the utility of the platform. Movement to a decentralised governance process will also reduce systemic risk and increase the long term viability of the project.

You can learn more about the project with the links below:

Website: https://oikos.cash
Litepaper: https://docs.oikos.cash/litepaper/
Telegram: https://t.me/oikoscash
Twitter: https://twitter.com/oikos_cash

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