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What is the coin description?
This article provides an overview of the OXYCOIN? Software Development Kits, which aim to address the limitations of software development tools and hinder the mass adoption of cryptocurrencies. After completing the first milestone, the OXYCOIN? mobile application, the team plans to release an 'Enhanced Decentralized Software Development Kit' that will enable non-blockchain developers to build decentralized applications (DAPPs) using JavaScript. This will allow for unprecedented interaction between mobile and web applications and decentralized applications. By empowering non-blockchain developers with these tools, numerous exciting use cases for OXYCOIN? tokens will become possible.
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What is Oxygen Protocol?
Oxygen Protocol is a DeFi prime brokerage service built on Solana and powered by Serum's on-chain infrastructure. It revolves around Pools, which are baskets of assets that take collective actions. The project was launched in late 2020 with the release of its mainnet alpha. Oxygen aims to transform the current model of finance into one that is more accessible, fair, and powerful. Its first phase is a borrow-lending facility, allowing users to earn yield and get leverage against their portfolios. The ultimate vision is to recreate marketplace-esque business units within investment banks and make them accessible to everyone.
Oxygen is headquartered in Switzerland and has a core team with decades of fintech experience, consisting of 15 developers located around the world.
What does Oxygen Protocol offer?
Oxygen Protocol offers a borrow-lending protocol with several key features that distinguish it from its peers:
1. Market-based pricing: Oxygen utilizes a pools-based infrastructure, allowing users to create a pool by depositing assets and setting lending parameters. Borrowers and lenders are matched through the Serum DEX on-chain order book, ensuring fair borrowing/lending prices.
2. Capital efficiency: Users can generate yield on their portfolios while borrowing other assets simultaneously. Cross-collateralization enables users to utilize their entire portfolio across multiple asset types as collateral when borrowing, reducing liquidation risk.
3. Streamlined in-pool trading: Oxygen enables users to interact with the Serum ecosystem and DEX directly from their pools, streamlining the trading process.
4. Sophisticated products: Oxygen's on-chain risk management engine supports a wide range of products, including tokens, synthetic products, and nonlinear assets, all cross-margined in the same account.
5. Liquidity: Oxygen benefits from the 140 million registered users from Maps.me's user base, who will generate yield from their embedded wallets. Additionally, there are liquidity provisions in place, including support from Alameda and leading HFT firms.
6. Scalability: Built on the Solana blockchain, Oxygen can support over 50,000 transactions per second (TPS) with block times of 400ms and low transaction costs, making it a scalable on-chain P2P borrow-lending and prime brokerage protocol.
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