Oikos, a project similar to Synthetix but based on the TRON blockchain, has published a sample of its DeFi platform that allows the creation of synthetic assets collateralized with TRON (TRX).
Oikos allows the creation and management of a multitude of assets, such as those related to fiat currencies, precious metals such as gold and silver, but also indices and shares of various companies such as Apple, Google, Amazon and so on.
Similarly to Synthetix which has its SNX token, Oikos also has its OKS token and uses the same system whereby these tokens have to be locked to create synthetic assets.
As can be understood from the post, the system is over collateralized so as not to risk losing value and liquidity in the system as a result of some black swan events.
With regard to the supply, Oikos has a total of over 1.4 million OKS that will be added every week for the first year; after that, a rate of 1.25% will be applied from week 40 to 194, while from week 234 an inflation rate of 2.5% will be reached and that will remain so forever.
This supply will serve as an incentive for those who will stake the tokens for a long period.
In addition to this token system, a dedicated exchange and token swap has also been created, to which it is possible to link an account and exchange the assets that will be created with this system. This platform is already operational.
At this point, it can be noted that decentralized finance (DeFi) on the TRON blockchain is growing. Moreover, the recent launch of the USDJ stablecoin a few months ago also shows how giant steps are being taken in this sector to try to invite as many users and developers to also use this blockchain in the DeFi sector.
