OIKOS Synthetic Assets- Decentralized Finance (Tron Based)

OIKOS Synthetic Assets- Decentralized Finance (Tron Based)

By EbriDan | CryptoRelated | 30 Apr 2020


4dc801c1f9e5a8684f6b9cbecefebf291e8673f0dfdbcce6a0b2438592d9a5a1.jpeg

•• Abstract 

Do you wish to trade peer to peer on a decentralized exchange without any liquidity limits? Using Oikos synthetic assets platform on the Tron network, users can track assets value and trade stocks, fiat currencies, indices which will all be backed by Oikos Network Tokens (OKs) that are locked as collateral in a smart contract. 

Oikos is a Decentralized Finance initiative that provides Finance based applications on the Tron network. With fairly accurate data that forms a unique price data display oracle. With over 30 Synths (Synthetic Assets) available for trade you can join pools to receive trade pairs fees automatically. 

26162d11637b934dfb425fd6db72fb7f63d06f304628b9ae1e95b87c042c1a93.jpeg

•• WHAT ARE SYNTHS AND HOW DOES IT WORK

Synths stands for synthetic assets. They are assets that follow the price of real world assets, a holder of a synth has the value of its underlying asset which can be staked as collateral at an 800% ratio. 

On the Tron Network, Oikos has divided the available Synths into five groups, they are;

1. FIATS

2. CRYPTOCURRENCIES 

3. COMMODITIES 

4. CRYPTOCURRENCIES INDEXES

5. CRYPTOCURRENCIES INVERSE

✔ The first group of Synths includes sUSD, sEUR, sKRW, etc. 

✔ The second group of Synths includes sBTC, sTRX, sBNB, etc. 

✔ The third group of Synths includes sGold, sSilver, etc. 

✔ The fourth group of Synths includes sDEFI and sCEX (and their inverses) their function is to track a list of Decentralized assets and centralized exchange assets respectively. 

✔ The firth group of Synths track prices of cryptocurrencies and inverse their movements, (BTC increases, iBTC decrease) 

e58481271f727a15e1fd94db4c7ee441acd420b0a460467a59ad065067c239fd.jpeg

•• OIKOS SWAP

The Uniswap of Tron, the Oikos swap is a decentralized exchange that allows trading of TRX coin for any TRC20 coin without wrapping. Users can make trades instantly without the need to deposit or withdraw coins to a centralized ledger. 

Virtually anyone can get paid exchange fees plus OKS (Oikos Network Token) for adding or removing liquidity, like a form of staking. 

ef62c7477967780e495509d05f62ee2f7ca97850b9a865c332994d48b02b4716.jpeg

•• OIKOS.EXCHANGE 

Trading using Synths allows users an easy swap between large range of assets from different chains with no friction. Trading on Oikos.Exchange has many merits over exchanges with order books, both centralized and decentralized. 

Oikos Exchange trading is direct peer-to-peer via smart contracts, prices are supplied by an oracle mechanism that gathers price range from high volume exchanges. 

The exchange has it's own DApps offering high liquidity. 

826051fa27fd04d495057c983cc4266708bcb142771a879a6b0666a6ef4a8689.jpeg

•• CONCLUSIONS AND FINAL THOUGHTS

In conclusion, a working, useful, and one of the best protocol found on the Tron blockchain has been built by Oikos, although lots of upgrades are still underway such as the addition of advanced order types ( limit, stop loss, stop limits) on the exchange. The project would soon be a goto option for easy swapping, earning coins and all necessary Tron coin transactions. 

•• For more information please visit

WEBSITE: https://oikos.cash/

 https://github.com/orgs/oikos-cash/

Follow 

FACEBOOK: https://www.facebook.com/Oikoscash-102203241479884/

TWITTER: https://twitter.com/oikos_cash

TELEGRAM: https://t.me/oikoscash

DISCORD: https://discord.gg/qjuqy6X

2cc845baa67b38258017195927ff6d564cf326586d582925b5b20cf29fd0716e.jpeg

                 AUTHOR DETAILS 

AUTHOR NAME: EbriDan 

TELEGRAM LINK: https://t.me/EbriDan 

 

BTT USERNAME: EbriDan 

BTT PROFILE LINK: Https://bitcointalk.org/index.php?action=profile;u=1768850

 


EbriDan
EbriDan

I'm Daniel,


CryptoRelated
CryptoRelated

Bounty0x,

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.