The Cryptocurrency industry is trying to resolve the liquidity problems experienced by DEX. Oikos is there for that. Oikos is a publishing of decentralized synthetic asset built on Tron. This synthetic asset is guaranteed by Oikos Network Token (OKS). This OKS allows the issuance of synthetic assets (Synths) when locked in a contract.
In this article, we will discuss the workings, benefits and risks of the Oikos system. Several problems in the financial world can be solved by Oikos.
How does OKS support publishing Synths?
All Synthes get support from OKS tokens. Synth can be printed when OKS holders make their own OKS as collateral. This process is using Minter. Minter is a decentralized application that is used to interact with Oikos contracts.
At present, Synths is supported with a guaranteed ratio of 800%, although it can be raised or lowered through public governance. OKS creators will incur debts when they print Synths. They must repay this debt by burning Synths to be able out from this system.
OKS as Collateral
What are the benefits for OKS holders?
OKS holders are given an incentive to bet their tokens and Mint Synths. First, there are rewards for exchanges. This incentive will be generated when someone exchanges one Synth for another such as Oikos.Exchange. Each trade generates exchange fees which are sent to a pool of financing. OKS makers can claim their proportions every week. These fees range from 10-100 bps and will be displayed during trading on Oikos.Exchange
Another incentive obtained by OKS holders for stake/mint is the OKS reward given from the monetary policy inflation protocol. OKS tokens have a default inflation supply schedule. These OKS tokens are distributed to OKS makers every week based on pro-rate. The condition is that the collateral ratio is not far below the target.
Oikos.Exchange
Reasons to Trade Synthesis Assets
Synthetic assets give assets an exposure without holding on to their resources. There are several advantages such as reducing the occurrence of friction when switching between many assets, expanding the accessibility of certain assets and sensor resistance.
Benefits of Oikos.Exchange
There are many advantages that you can get if you trade on Oikos.Exchange rather than centralize exchanges and order DEX. Without an order of book, trading becomes P2C (peer-to-contract). Assets are given an exchange rate through a price feed provided by oracle and can be converted using Oikos.Exchange dApp. It can provide unlimited liquidity up to the total amount of collateral in the system.
Synths Category
There are 5 categories of Synths available
Fiat Currencies sUSD, sEUR, and so on.
Commodities
Synthetic gold and synthetic silver are calculated per ounceCryptocurrencies
sBTC, sTRX, and sBNB and many othersInverse Cryptocurrencies
Check the available cryptocurrency prices. If the price of BTC decreases, the price of iBTX will rise.Cryptocurrency indexes
sDEFI and sCEX which track DeFi assets and centralized exchange tokens
Risk
As a system that is still in an experimental stage, Oikos requires empirical observation and theoretical analysis. One of the risks for OKS holders is when they risk their OKS and Mint Synths. This debt can fluctuate concerning exchange rates in the system. This means that to get out of the system and open OKS, they need to burn more Synths.
Just like the price of cryptoassets that are closely related to Bitcoin or Tron, price fluctuations in OKS tokens can be related to OKS or the Oikos system. There are several aspects of the system that are truly centralized. That is why an efficient implementation is needed.
Conclusion
Oikos gives solution for financial problem. It also has risk dan its own advantage.
For further information, click
Website : https://oikos.cash/
ANN : https://bitcointalk.org/index.php?topic=5241400
Facebook : https://www.facebook.com/oikos.cash/
Twiter : https://twitter.com/oikos_cash
Oikos Tron Wallet : https://tron.network/wallet?lng=en
Telegram : https://t.me/oikoscash
nice article.!
Oikos Team was Professionals, knows their business and clearly goes toward their goal.Oikos is a innovative project. my opinion this project has a very great future.I see with interest the development of affairs.
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OIKOS project looks pretty confident among all. I hope and I believe that it's not just that, and someday it will become something great. We will see what will happen, I very much hope that the company will succeed, an excellent approach to realizing their ideas! It is interesting to observe and be a part of such projects!
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There are many advantages of this project so I join this project and I recommend everyone for joining Oikos project. goodluck ! :)
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