The Decentralized Finance (DeFi) revolution does not cease to amaze those of us keenly observing the movement. It seems everything can be tokenized within a twinkle of an eye. From precious metal, real estate, stocks, insurance to commodities, almost everything is gradually going through tokenization. In fact, the world of finance will soon be accessible by everyone irrespective of your geographical jurisdiction.
The most striking point is how these financial freedom is creating privacy without compromising control over resources. It is interesting to note how all these new developments empower individuals to have power over their money without handing them to the platforms’ owners.
There is one project in the DeFi space you must discover at all cost. It deepens the understanding that in a few decades, most business will move to the Blockchain and create a truly decentralized world.
Oikos is a synthetic asset ecosystem built atop the Tron Blockchain. The design is basically to allow an on-chain exposure to fiat assets like commodities, Fiats, stocks and indices. Besides, there is a synthetic asset called Synths that is backed by the Oikos native token, which is secured into a Smart Contract as a guarantee. Synths track the rates of several assets, enabling Crypto users and those without access to banks to exchange Peer-to-Contract (P2C) on Oikos Exchange without liquidity constraints.
Oikos swap comes as a Tron port of Uniswap that works as a decentralized and trustless digital asset exchange (DEX). When the swap, is concerned, users do not need a deposit to trade all their Tron based tokens. Additionally, traders are not required to withdraw to a centralized order book. The Oikos DEX has made Crypto trading simple to permit everyone with scanty expertise to trade effectively without the issues of liquidity once again.
It is an enormous breakthrough and one of the good news we anticipate in Cryptosphere, which will spur more people to begin trading virtual assets. Furthermore, any trader using the exchange can receive a commission in OKS token (Native Token) by both appending or withdrawing liquidity.
An added novel hallmark of the Oikos DEX is how Developers can utilize the Developer devices and Oikos services rendered to devise their own application without any anxiety. At the moment, more than 30 separate Synths is compatible with the ecosystem from different levels.
OKS is the native utility token of the Oikos network, and it is a TRC-20 compatible since the project emanates from the TRON Blockchain. It has two main applications within the ecosystem. Firstly, it is for staking that comes with great benefits of earning rewards. Compensation comes in two different categories of OKS tokens and Synth exchange rewards.
The OKS staking rewards come from the inflationary fiscal policy, and Synth rewards is a premium created by Synth exchanges on the Oikos trading portal. However, all Synths demand to be strengthened by stacked OKS at a rate of 750%, and stakers are responsible, to manage their ratio to be above 750% since if collateralization proportion is less than 750% they won’t be permitted to receive their rewards.
Frequently, the collateralization quotient can be run by burning Synths that in turn will increase the rate. Subsequently, Stakers can foresee their remuneration in periodical stands.
There is an original total supply of 100 million OKS tokens, notwithstanding more will come into circulation by minting to reward stakers per the inflationary calendar. OKS hodlers are always motivated to wager their bits and to issue new synthesizers. The token is on exchanges like Hoo.com, Hbtc.com, Biki.cc among others.
Join Oikos Community
To gain more insight into the Oikos project, then the best means is to be part of their growing communities on various platforms. It an opportunity to interact and share experiences with the team and the community at large.
Below are links to their social media accounts:
For source code scrutiny and verification, here is the Github. Remember, don’t trust but verify!