OIKOS: A PROVISION FOR COLLATERAL USE OF THE OKS TOKEN
INTRODUCTION
So far in the analogue world, we know how important collateral is and the advantage one gets through the availability of a meaningful collateral. This is the same concept underlying the structure of Oikos for users. Oikos makes crypto users have access to readily available collaterals token for the users to mint synthetic assets. So I guess we can start to see this platform as a technical replacement for the need of a physical collateral.
ABOUT OIKOS COMMUNITY
This is a platform for intention minting of synthetic tokens useful for Investments by users. It represents a OKS token issuance with which users can get synths when locked in the smart contract as designed by the system. However, the involvement of the contract makes it easier for users to perform activities on their own, having no need for other parties contributions. The way it supports the minting of fiats, it supports as many cryptocurrencies and also assists users in switching from one assets or currency to another one just by using the exchange. It solves problems of liquidity and support the use of other financial commodity for both long and short term usage or spending. The token OKS in this platform plays an important role in the modules of this platform, it provides the best conditions for users operation and make holders contribute greatly to the platform. All users participating in this platform will be able to get fees meant to be captured by the users as generated from the synths. Then the value of the fees will be determined by the token value on the trading network.
THE NEED FOR OKS AS COLLATERAL
There can be no synths in this platform without OKS to stand as a backup for it. Synths are minted and useful because of the availability of OKS which every holder must stake as they hold it. When staked, the OKS helps users to begin the minting process the balance of users are checked for the collateralization ratio which must be 800% before minting begins. This ratio is not constant and will increase or reduce depending on certain parameters in the ecosystem. Staking automatically makes users to incur debts as synth is minted. During this stage the token will be locked and should remain in the locked state until the users pays up the debt and burns the synth.
CONCLUSION
The alternative form of the OKS token that is available in the platform is the TRX. It is also going to form a real collateral backup token to serve equal purpose as the OKS. So users will have the privilege of borrowing this class of asset against synths, stake it and reach the collateralization ratio of 150% unlike the higher ratio for OKS token. What really matters is that, TRX users will stake TRX and get the sTRX minted unlike the way OKS will help mint the sUSD. In conclusion, the pool debt will not include the TRX model token or the synth form and so it means the users of TRX should not look forward to any reward in this case.
USEFUL LINKS
Github: https://github.com/orgs/oikos-cash/
Medium: https://medium.com/@oikoscash
Telegram: https://t.me/oikoscash
Twitter: https://twitter.com/oikos_cash
Facebook: https://www.facebook.com/Oikoscash-102203241479884/
AUTHOR'S DETAILS
Bitcointalk Username: Ngoukan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661426