banner
Oikos: DeFi on TRON
Oikos: DeFi on TRON
Defi

Oikos: DeFi on TRON

By Alfredo de Candia - 6 May 2020

Chevron down
Listen this article
download

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.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.