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Review Oikos — a Tron based synthetic asset platform that provides on-chain exposure to fiat currencies, commodities, stocks, and indices

Vulinhh
3 min readMay 24, 2020

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Hello everyone, to give you a better understanding of Oikos, I will first give you an overview of Oikos. 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.

“In which DeFi stands for Decentralized Finance or decentralized finance. DeFi is a decentralized (or open) financial platform in which regulated institutions, markets or financial instruments Decentralized, DeFi leverages the power of Blockchain to be decentralized and transparent to create an open financial platform, in which everyone can access and use it at any end, whenever but not governed by any centralized individual or organization.For Tron, TRON is a blockchain-based decentralized protocol, founded in September 2017 by the Director. The current executive is Justin Sun. TRON actively supports Dapps developers and smart contract implementations.TON’s Blockchain platform is highly scalable because it is Public Blockchain. support for Dapps developers, and smart contract deployment (Smart Contract).”

Oikos

Above, I have briefly introduced Oikos and explained for you to understand more about Tron and DeFi, here I will together with everyone to analyze in-depth about Oikos first, the part I want to talk about first. First and foremost, Oikos is a Trustless Token Exchange. “Oikos Swap is a Tron port of Uniswap: a trustless decentralized exchange that allows users to trade any Tron-based token without any deposits or withdrawals to a centralized order book. Better yet, Oikos Swap liquidity pools have little to no slippage for the vast majority of transactions. Anyone can contribute by adding or removing liquidity to gain commissions in the form of exchange fees as well as rewards paid in OKS token.” With highlights such as:

  • 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​.

HOW DOES OIKOS PLATFORM WORKS?

Oikos allows any user to create new Synths by staking their OKS token at 750% Collaterization ratios. For a user to be able to issue 100 USD worth of Synths, they will need to stake $750 worth of OKS token. Whenenever Synths is issued, a share of global debts is being assigned to them which must be repaid to unlock their staked tokens. Thee Global debts is equivalent to the total value of the USD value of the Synths in the circulation. Every time new Synths are issued, personal debt are recalculated or paying back the debts. The shakers are rewarded in the system due to the fact they are taking risks to stabilize the system.They receive reward in 2 ways. From the Synth exchange fees and through the inflationary OKS supply.

Conclude

Oikos has provided one of the most complex and useful protocols built on Tron to date. But the potential for anti-censorship-synthesizing assets remains untapped. Further improvements in mechanisms as well as functional upgrades and new Synths will significantly increase the utility of the platform. Moving to a decentralized management process will also reduce systemic risk and increase the long-term viability of the project. To find out more details:

Blockchain

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Vulinhh

Written by Vulinhh

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