Oxygen (Solana) OXY Price

Oxygen (OXY): Revolutionizing DeFi with Prime Brokerage Services

Oxygen (OXY) is a decentralized finance (DeFi) protocol built on the Solana blockchain and powered by Serum's on-chain infrastructure. It aims to revolutionize the lending and borrowing sector by offering flexible credit solutions and prime brokerage services. Oxygen was founded in late 2020 and is headquartered in Switzerland, with a core team boasting decades of fintech experience.

Features

Pools-Based Infrastructure: Oxygen's platform revolves around pools, which are baskets of assets that take collective actions. Users can create pools by depositing their assets and setting lending parameters, such as desired maturity and yield.

Market-Based Pricing: Oxygen utilizes a pools-based infrastructure, allowing users to get a fair price for borrowing and lending. Borrowers and lenders are matched using the Serum DEX on-chain order book, ensuring transparency and efficiency.

Capital Efficiency: Oxygen allows for multiple uses of the same collateral, enabling users to generate yield on their portfolios while borrowing other assets. Users can also utilize all of their portfolios across multiple asset types as collateral when borrowing, reducing liquidation risk.

Streamlined Trading: Users can interact with the Serum ecosystem and DEX directly from their pools, streamlining the trading process and enhancing efficiency.

Sophisticated Products: Oxygen supports arbitrary products, including tokens, synthetic products, and nonlinear assets, all cross-margined in the same account. This is made possible by Oxygen's general on-chain risk management engine.

Liquidity: Oxygen will be seeded with the 140 million registered users from Maps.me's user base, jumpstarting its liquidity and positioning it as one of the largest fintech applications. Additional liquidity provisions include support from Alameda and leading HFT firms.

Scalability: Built on the Solana blockchain, Oxygen can support over 50,000 transactions per second with block times of 400ms and transaction costs of approximately $0.00001, ensuring scalability as a completely on-chain P2P borrow-lending and prime brokerage protocol.

Platform and Technology

Oxygen protocol runs on the Solana network and supports both an SPL (native) token and ERC-20, offering full interoperability between Ethereum and Solana. It utilizes the Serum DEX and Solana, featuring a fully automated on-chain order book and 50K+ transactions per second at a cost of $0.01 / 100 per transaction.

Team/Backers/Investors

Oxygen was co-founded by Alex Grebnev and Viktor Mangazeev. Alex Grebnev brings over 16 years of investment banking experience, including roles at Goldman Sachs and Merrill Lynch, while Viktor is a serial technology entrepreneur with experience as a CIO for several large companies. Strategic investors and DeFi ecosystem partners include Alameda Research, Serum, Genesis Capital, CMS, MultiCoin, and other leading HFT firms.

Oxygen's innovative approach to DeFi prime brokerage services and lending is poised to transform the financial landscape, offering users greater accessibility, fairness, and power in their financial transactions.

What is unique about Oxygen (Solana) (OXY)?

Oxygen's pools-based infrastructure sets it apart, allowing users to create pools, set lending parameters, and get fair market-based pricing for borrowing and lending, enhancing capital efficiency and streamlining trading.

Who are the founders of Oxygen (Solana) (OXY)?

Oxygen was co-founded by Alex Grebnev, with over 16 years of investment banking experience, and Viktor Mangazeev, a serial technology entrepreneur and former CIO for large companies.

Who are the backers/investors of Oxygen (Solana) (OXY)?

Oxygen has strategic investors and DeFi ecosystem partners like Alameda Research, Serum, Genesis Capital, CMS, MultiCoin, and other leading HFT firms, backing its vision of transforming finance.

Where can I buy Oxygen (Solana) (OXY)?

You can buy Oxygen (Solana) (OXY) on Kraken, RaydiumOrca cryptocurrency exchanges.