HOW OIKOS IS BRINGING DECENTRALIZED FINANCE (DEFI) TO BLOCKCHAIN TECHNOLOGY
Decentralized Finance (DeFi) is the latest trend in global financial space. It was initiated following the launch of blockchain technology. At the same time, the financial driver of DeFi is cryptocurrency.
The calculation is that the combination of cryptocurrencies and blockchain technology could be the formidable force that can usher in the full-scale decentralization and distributed finance that Satoshi Nakamoto, Bitcoin’s spearhead had in mind.
How Oikos is Impacting DeFi
The new calculation now is that Oikos will be the platform that will usher in the much-needed decentralized financial model. From the look of things, that happens to be something that can be achieved and in the shortest time possible.
I took the time to evaluate the features and properties of Oikos and I am sure this is an innovative project that can trigger a chain of events for the maximum decentralization of finance all over the world.
The application of blockchain technology, varieties of digital assets, the native crypto token for Oikos, as well as the Synthetic Assets could be the game-changer.
Having said that, I will like to help you get some peeks into what the broader Oikos ecosystem has in store for the global financial system that will now be operated from a DeFi perspective.
Support for Synthetic Assets
If you are looking for assets to trade and back, you shouldn’t be looking farther than Synthetic Assets. These are the type of asset classes that can be traded alongside others of the same value without hassles.
Thus, the first that Oikos does in the clamour for Decentralized Finance (DeFi) is to enable the use of Synthetic Assets. The concept therein is for those assets to be traded, but this time, under a decentralized architecture like blockchain.
That is not leaving out the fact that the Synthetic Assets in view can be traded with others of the same value. The most exciting thing is that those assets can also be traded alongside the underlying assets.
For example, if the Synthetic Assets in view are indices, fiat currencies, stocks and cryptocurrencies, then the underlying assets tend to be commodities and interest rates.
Price Tracking
It is now more than easier to track the prices of assets by using Synthetic Assets. That is part of the many advantages and leverages that Oikos has in place for the Decentralized Finance (DeFi) platform it is setting in place.
The first thing that Oikos does for the users is that it delegates price data mechanisms to monitor and track the prices of the available assets. After that, the prices of such assets can be then fixed.
The second thing that Oikos does is to allow the Oikos Network Tokens (OKS) holders to gain insights on various asset classes. The amazing thing is that the token holders can use the advantage to keep tabs on those asset classes without necessarily holding or investing in them.
TEAM
Conclusively,
Tracking the prices of Synthetic Assets, as well as delivering Decentralized Finance (DeFi) via blockchain technology is at the core of what Oikos is offering.
This is a remarkable project, and I am bullish that it will achieve all that it has set to accomplish.
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/
AUTHOR
Bitcointalk Username- Dividesug
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767685;sa=summary