About Oikos - Decentralized Finance on Tron
Introduce
Hello everyone, after a long time of researching and selecting projects, I want to bring a good project in this article. That project is called Oikos. Oikos is an initiative to bring key DeFi applications to the Tron network.
What is Oikos?
Oikos is a Tron port of Synthetix: a 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.
So, What are crypto synthetic assets?
Cryptocurrency-based synthetic assets aim to give users exposure to a variety of different assets without needing to hold the underlying asset. This could be anything from fiat currencies, such as the United States dollar or the Japanese yen, to commodities like gold and silver, as well as index funds or other digital assets.
What are the Highlights of Oikos?
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.
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.
- Automated 24/7 Trading: Oikos Swap lets you trade tokens any time of day or night. All trades are executed via a decentralized smart contract.
- Trade TRC-20 Tokens: Oikos Swap lets you trade TRC-20 protocol tokens on the Tron blockchain.
- Decentralized Exchange: Oikos Swap is like a decentralized exchange in that you can trade tokens without the intervention of a centralized third party. However, it’s different from a decentralized exchange in that there’s no real P2P "exchange" taking place. You’re swapping tokens with a liquidity pool.
- Runs in Perpetuity: Oikos Swap cannot be stopped. The protocol will run in perpetuity for as long as the Tron network is running.
- Can Handle Orders of Any Size: Oikos Swap can technically handle any size of order – from 0 to infinity. The protocol uses an asymptotic curve to increase the price of the coin as the desired quantity increases. This means Oikos Swap can handle orders of any size but really large orders are prohibitively expensive after a certain limit.
Roadmap
Team
- Kevin Holder (Co-Founder & Software Engineer): Kevin is a talented software engineer that has been through the whole technology stack during the course of his career, from cryptography to front end web development. Before co-founding Oikos, he spent his time developing smart contracts, studying decentralized applications and contributing to open source. His programming languages of choice are, in no particular order, Solidity, JavaScript and Rust.
- Albert R (Co-Founder & Mad Scientist): Albert is an early Bitcoin, Ethereum and Tron adopter. His fascination for DeFi lead him to come up with the idea for Oikos and everything started from there. He is also a very talented developer with experience in several programming languages. His daily routine consists in drinking a lot of coffee, writing code and thinking of new possible directions for Oikos.
The end: Oikos has already delivered one of the most complex and useful protocols built on Tron to date. But the potential for censorship-resistant synthetic assets is still largely untapped. Further improvements to the mechanism as well as functional upgrades and new Synths will vastly increase the utility of the platform. Movement to a decentralised governance process will also reduce systemic risk and increase the long term viability of the project.
See more:
- Website: https://oikos.cash/
- ANN Thread: https://bitcointalk.org/index.php?topic=5241400
- Litepaper: https://docs.oikos.cash/litepaper/
- Twitter: https://twitter.com/oikos_cash
- Telegram: https://t.me/oikoscash
Proof: - Author: OnaThibault
- BCT profile URL: https://bitcointalk.org/index.php?action=profile;u=2704437