Understanding The Oikos Platform
Since the introduction of blockchain technology, there has been a drastic change in the digital world especially the financial sector. Many company seek the knowledge avail in the technology to improve their services. No doubt that blockchain technology has brought so many solutions to the financial institution and more breakthroughs are been discovered. Oikos is a project that's leveraging on the blockchain technology to revolutionised financial institution.
THE OIKOS PLATFORM
Oikos is a Tron-based synthetic asset platform that provides on-chain risk exposure for fiat currencies, commodities, stocks, and indices. Synth is supported by Oikos Network Token (OKS), which is locked in a smart contract as collateral. The synthesizer tracks the prices of various assets, thereby allowing local users of cryptocurrencies and users without bank accounts to conduct P2C (peer-to-peer contract) transactions on the Oikos exchange without liquidity restrictions.
Oikos allows you to create and manage various assets, such as assets related to fiat currency, precious metals such as gold and silver, and indices and stocks related to various companies (such as Apple, Google, Amazon, etc.).
Oikos owns its OKS tokens and follows the same system, so these tokens must be blocked to create synthetic assets. The system is over-collateralized to avoid risking the value of certain black swans and the system including liquidity.
At this point, we can see how decentralized finance (Defi) on the Tron blockchain has expanded. Among other things, the latest USDJ stablecoin issued a proof a few months ago that the field is taking huge steps to try and invite as many users and developers as possible to use the blockchain in the Defi field.
AIM OF OIKOS
Oikos Cash is a company that aims to solve traditional fiat currency and banking services issues by providing independent tamper-proof payment and savings tools with intrinsic value to solve trust issues and many other related issues and challenges today. Use fiat currency and banking products, Because it will enable companies to automate and streamline processes to improve the lives of people around the world. Their internal communication helps to significantly reduce costs and time. The company is also responsible for eradicating the mortgage of valuable property or land property that banks usually require before mortgages. She designed a platform (Synths Asset) to replace this key function.
ARCHITECTURAL FRAMWORK OF THE OIKOS PLATFORM
- Casting Syntax: The Oikos platform will basically lock its OKS as collateral by using the Oikos smart contract, thereby allowing OKS holders to cast Susd.
- Exchange: This will accommodate the steps basically involved in the smart contract handling of Synth Exchange from Susd to Sbtc Etc.
- Claim Fees: As long as there is an exchange involving a synthesizer on the Oikos platform, the Oikos contract is used, which will basically withdraw about 0.3% of the specific fee and then send it to the fee pool requested by the OKS trader.
- Burning Debt: This is the fee required when the OKS trader wants to exit the system or reduce debt and then unlock the mortgaged OKS
- Debt Pool: Usually updated when the OKS holder casts or burns the synthesizer.
- ORACLE: Determine the value of all synthetic assets in the Oikos system. The system uses an algorithm with multiple sources to push the price chain by price to form a total value for each asset.
CONCLUSIVELY
Oikos creates not just a decentralized exchange, but a whole decentralized service for using financial instruments. In order for you to understand all the advantages of this platform, imagine that you anonymously buy securities of a large company and gold. Yes, Oikos does not offer the asset itself - stock or gold, but its synthetic counterpart. But what difference does it make if for many years the stock exchange traded not in raw materials in kind, but in various derivatives. This is normal practice, the digital economy, and Oikos brings decentralization to the economy, which means honesty and transparency. There are no intermediate links, all transactions are made directly, and an impartial and vigilant look-up contract monitors compliance with obligation.
USEFUL LINKS
Website: https://oikos.cash/
Medium: https://medium.com/@oikoscash
Bitcointalk: https://bitcointalk.org/index.php?topic=5243484.0
Github: http://github.com/oikos-cash
Telegram: http://t.me/oikoscash
Twitter: http://twitter.com/oikos_cash
Discord: http://discord.gg/qjuqy6X
Litepaper: https://docs.oikos.cash/litepaper/
Writer's Info
Forum Name: Wingleness
Forum URL: https://bitcointalk.org/index.php?action=profile;u=2365425