HOW OIKOS MINTS SYNTHETIC ASSETS

Synthetic assets also called Synths are varieties of assets that have the same value. They are usually traded alongside their underlying assets. Some of the popular Synthetic Assets (Synths) are categorized into five. These are Commodities, Cryptocurrency Indexes, Fiat Currencies, Cryptocurrencies, and Inverse Cryptocurrencies.
In the innovative Oikos platform, these Synthetic Assets (Synths) will be remodelled and delegated in a different way. The most significant step made by this project in that regard is to push for the minting or creation of more Synthetic Assets (Synths).

THE MAJOR STEP TO MINTING SYNTHETIC ASSETS
The first step to minting more Synthetic Assets via Oikos is to be a token holder. What this means is that you need to have a specific amount or quantity of the Oikos Network Tokens (OKS), which will qualify you at the onset to participate in minting Synthetic Assets.

TOKEN LOCKING
With the OKS you have, the next step is to lock the same tokens. The idea is for the locked tokens to serve as collaterals so you can mint sUSD.
The Oikos Smart Contract will be delegated to help in the locking of the Oikos Network Tokens (OKS) and issuing sUSD.

HOW TO MINT SYNTHETIC ASSETS (SYNTHS) USING OIKOS
When it comes to minting Synthetic Assets on Oikos, there are some processes to be followed.

• Collateralization
  Some confirmations must be made before the collateral can be issued and facilitated via the Oikos Smart Contract.
  The idea is that the Oikos Smart Contract will confirm if the Oikos Network Tokens (OKS) staked by the OKS stakers can actually mint the Synthetic Assets (Synths).
  The major basis for this is to check to see if the stakers’ OKS meet the Collateralization Ratio of 800% or less.

• Indebtedness
  On the successful confirmation that the OKS meet the Collateralization Ratio, it will be time to evaluate the indebtedness. That is actualized by adding the debt of the stakers to the Debt Register.
  Worthy of mention is that the debt, in this case, is the amount or value of the new value of minted Synths. The new-minted value is stored in sUSD.

• Issuance
  The last step in the minting of new Synthetic Assets involves the issuance of the new amount of the newly-minted value.
  This happens when the Oikos Smart Contract instructs the dedicated sUSD Smart Contract to issue the new amount to the stakers.
  For this to happen, the sUSD Smart Contract has to make the additions to the total token supply. Afterwards, the contract assigns the newly minted sUSD to the stakers cum users’ wallets.

THE FUTURE OF SYNTHETIC ASSETS
There is a chance that the value of Synthetic Assets (Synths) will spike the more when the potentials of the Oikos ecosystem is harnessed.
That is because of the tendency that the value of Oikos Network Tokens (OKS) will increase. In the event of that, the equivalent of the OKS of every user/staker that was locked will be unlocked. At the same time, the excess or the remnants can be staked to mint new sUSD.

CONCLUSION
Using Oikos to mint new Synthetic Assets (Synths) is possible partly because of the favourable market that will trigger an increase in the value of the OKS and mainly because of the use cases that abound.
Will you like to mint Synthetic Assets (Synths) using Oikos?

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
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