Oikos: An Incentivised Synthetic Asset
PREAMBLE
Various types of assets exist in the world of blockchain. This avail prospective financial subscribers with diverse options which allows them to make their investment decision easily with available data and parameters. Investing in these assets might require prospective investors to have collateral to acquire them while some with less value might not. I herby present to you an investment platform from which synthetic asset can be acquired through OKS (Oikos Network Token).
WHAT IS OIKOS?
Oikos is a well decentralised synthetic asset based on TRON. Oikos Network Token (OKS) serves as platform on which these syntheticv asset are used as collaterals which when locked in the contract enables the issuance of synthetic assets (Synths). This aggregated collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. Oikos currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. Incentives are available to OKS holders 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. To trade on Oikos.Exchange does not require the trader to hold OKS.
BENEFITS OF OIKOS.EXCHANGE
Oikos.Exhange has a lot of benefits to be explored by its users. These include less friction in asset switching, elimination of order book, provision of infinite liquidity up to the amount of collateral available in the system. This exchange platform is decentralised, which helps to avoid the stringency of centralised trading platforms. Aside that, assets are assigned an exchange rate through price feeds supplied by an oracle, and can be converted using the Oikos.Exchange dApp.
THE FUTURE OF OIKOS
The team of Oikos are not relenting on these achievement made so far but also projecting into the future to examine other features that can made this exchange platform more successful. These include:
Additional Synths: Aside the currently available synths, Oikos.Exchange projects to have additional synths like leveraged assets which are not available on other exchange platforms.
Synthetic Futures: Oikos.Exchange also plan to launch synthetic futures in years to come where self-balancing mechanisms will be adopted for Oikos Swap auto market maker algorithm, where the total open interest of each position and therefore the risk to OKS stakers is capped and borrow rates are adjusted based on the current open interest.
CONCLUSION
Oikos bridges the gap between the worlds of traditional finance and cryptocurrency through its decentralized synthetic asset issuance and exchange system. Our mission is to fulfill the largely untapped potential of censorship-resistant synthetic assets. Progressive improvements to the technology and growing adoption will steadily increase the utility of the platform. A move over to a decentralized governance process will also reduce systemic risk and increase the long term viability of the project.
For more enquiry about OIKOS, please click on the links below:
Website: https://oikos.cash/
Medium: https://medium.com/@oikoscash
Bitcointalk: https://bitcointalk.org/index.php?topic=5243484.0
Github: http://github.com/oikos-cash
Telegram: http://t.me/oikoscash
Twitter: http://twitter.com/oikos_cash
Discord: http://discord.gg/qjuqy6X
Litepaper: https://docs.oikos.cash/litepaper/
Author: Justinagadd
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2589234
