OIKOS– THE DECENTRALIZED FINANCE PLATFORM BUILT ON BLOCKCHAIN TECHNOLOGY

in #oikos4 years ago (edited)

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INTRODUCTION
Decentralized Finance (DeFi) came into being following the introduction of the Distributed Ledger Technology (DLT), aka blockchain technology. The idea behind that financial model is to remove the control over finances from the hands of a few and entrusting the same into the hands of the end-users.
Of course, DeFi has come here to stay. It only needs more advancement and the right platforms so it can achieve more use cases. And that is what the Oikos Decentralized Finance (DeFi) platform is there to offer.

WHY OIKOS IS THE BEST DEFI PLATFORM
There is no doubt that DeFi is the next big thing in the world of finance. The major point to note here is that it has more potential on the Oikos platform, which is the medium through which it will get more support.
Below, I have explained some of the features and outstanding benefits that the Oikos DeFi platform users tend to benefit from:

1- Ability to Trade Varieties of Synthetic Assets
Synthetic assets (also called Synths) are the type of assets that have the same value as some other assets. They are not only many but are also easy to interchange.
It is on that note that Oikos allows you to trade on and use different types of Synthetic Assets (Synths). The idea is to allow you to have a variety of trade options to select from. That is not leaving out the fact that these assets can also be traded alongside their underlying assets.

2- Price Fixture
Without bothering about the market movement, it will now be easier for you to fix the prices of the assets to be traded.
Oikos simplified this process by using distinct oracles and multiple trusted sources to source and aggregate the prices of the different assets. At the same time, the data thereof can be used to fix the prices of the assets.
In the end, you wouldn’t have to bother about liquidity issues or fluctuations in the market prices, as the data makes price fixture and informed trade decisions possible.

3- DeFi Comes to Blockchain Technology
Decentralized Finance (DeFi) can now thrive the more in blockchain networks courtesy of the efforts made by the Oikos DeFi platform.
What Oikos does is to set the ball rolling so that in the coming months, it will be easier to migrate or move DeFi applications to the blockchain network.
Of course, the more DeFi applications are available on blockchain networks, the higher the chances of delegating more of those for the full-scale decentralization of finance on blockchain networks.

4- Liquidity Pools
As a way of ensuring that liquidity is optimum on the platform, Oikos made it possible for the users and potential investors to join the liquidity pools.
By joining the liquidity pools, you can collect fees on TRX-TRC20 pairs. At the same time, you can conveniently trade your Tronix Token (TRX) for any TRC20 without wrapping.

THE YouTube presentation below will give you a better understanding of how the Oikos platform works;

FINAL THOUGHTS
Moreover, what Oikos is doing is to chart the pathway for the effective decentralization of finance using blockchain technology as the basis.
It has lots of impressive features that should excite you. Will you like to try DeFi use cases on the broader Oikos ecosystem?

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’S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary

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