About The OIKOS Platform

in #blockchain5 years ago (edited)

Synthetics necessarily implies or points to any financial tool or instrument which stimulates another or other financial instruments. What this entails is that risks, as well as reward profiles of any financial instrument, can be simulated using the proper combination of other financial instruments. Having been acquainted with what the term "synthetics" means, it is paramount to understand that this article will explain what "synthetic assets" are and the role played by OIKOS to introduce that touch of decentralization to synthetic asset protocols at large.

About The OIKOS Platform
Oikos is a Tron-based synthetic asset platform that provides on-chain risk exposure for fiat currencies, commodities, stocks, and indices. The synth is supported by Oikos Network Token (OKS), which is locked in a smart contract as collateral. The synthesizer tracks the prices of various assets, thereby allowing local users of cryptocurrencies and users without bank accounts to conduct P2C (peer-to-peer contract) transactions on the Oikos exchange without liquidity restrictions.
Oikos allows you to create and manage various assets, such as assets related to fiat currency, precious metals such as gold and silver, and indices and stocks related to various companies (such as Apple, Google, Amazon, etc.).
Oikos owns its OKS tokens and follows the same system, so these tokens must be blocked to create synthetic assets. The system is over-collateralized to avoid risking the value of certain black swans and the system including liquidity.
At this point, we can see how decentralized finance (Defi) on the Tron blockchain has expanded. Among other things, the latest USDJ stablecoin issued a proof a few months ago that the field is taking huge steps to try and invite as many users and developers as possible to use the blockchain in the Defi field.

Advantages of Oikos.Exchange
Trading on Oikos. The exchange offers many advantages over centralized exchanges and DEX-based orders. The lack of an order book means all transactions are made on a contract, called a P2C transaction (on a par with the contract). The property is assigned an exchange rate through the price feed provided by a prophet and can be converted by Oikos.Exchange dApp. This provides infinite liquidity up to the total amount of collateral in the system, zero slippage and unauthorized online transactions. Oikos Swap is an Uniswap’s Tron portal: a reliable decentralized exchange that allows users to trade any Tron-based token without depositing or withdrawing money into a centralized order book. Better yet, the Oikos swap liquidity group has very little slippage for the majority of transactions.

THE OIKOS PLATFORM'S SYSTEM ARCHITECTURE

MINTING SYNTHS: The Oikos platform will allow users of the platform, mainly the OKS holder to mint sUSD by basically locking their OKS as collateral using the Oikos smart contracts.

EXCHANGES: This will accommodate steps involved for art contracts to process a synth exchange basically from sUSD to sBTC etc.

CLAIMING FEE: Whenever there is an exchange involving synths on the Oikos platform, using the Oikos contract, a certain fee of about 0.3% is basically extracted and then sent to the fee pool which is to be claimed by the OKS stakers.

BURNING DEBT: This is the fee that is required when an OKS staker wants to exit the system or to reduce their debt and then unlock their staked OKS

DEBT POOL: This is usually updated whenever an OKS holder mints or burns synths.

ORACLE: This determines the value of all synthetic assets in the Oikos system which pushes price feeds on-chain using an algorithm with a variety of sources to form an aggregate value for each asset.

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/

Bitcointalk Username: Amendy1
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2426201