When technology affects the old investment By reducing the cost of access to investments in both traditional and new crypto-assets. Of course, adapting to investing in new digital assets can be quite complicated for new investors or traditional financial institutions, thus creating a Prime brokerage system that acts as a gateway between Digital assets and Financial Institutions to allow traditional money. Investors enter the digital world more conveniently and securely. And today we will introduce One of the IEO projects that is the Lending line of the well-known exchange FTX, known for its lower fees than other exchanges, and is ranked 6th in the Centralized Exchange with volume of over $3b per day called Oxygen Protocols.
Oxygen is the same type of protocol as Compound, which mainly has Borrow & Lending features, where users can guarantee their own assets and borrow them for other transactions like Compound, but let’s take a look at the main features of Oxygen that are more exotic than Compound. Yes
Multiple uses of the same collateral
enabling users to make more profits You can create your own Pool and be able to lend and borrow other assets at the same time. The whole process is carried out through a Peer to peer system which currently has $5m volume and some $3b of assets locked and circulating in Aave, Compound with 200,000 users.
Cross-collateralization
Users can manage their portfolios that act like their collateral when leasing other assets. This means that users can reduce their chances of getting a margin call or port liquidation at any time.
Market-based pricing
The Oxygen protocol works based on the Order book system, which is not based on the Pre-set market model, so users do not have to waste time in the hassle of self-management.
Decentralization
Oxygen protocol is 100% decentralized, 100% non-custodial, 100% on-chain. All transactions are executed by Peer to peer without centralized operator intervention. Perform high transactions and low fees as well.
Prime Brokerage is the point of sale of Oxygen.
1. Allows users who transact with the platform to trade leverage by managing risk from margin call and liquidation.
2. Enable users to allocate their own portfolios, such as increasing the liquidity of their own collateral.
3. The platform can allocate Passive Yield to
4. Users can Borrow various assets to short.
5. It is a gateway to communicate with Financial markets such as insurance, hedge funds, liquidity providers to confidently invest in digital assets.
Oxygen Token ($OXY)
OxygenToken ( $OXY) is currently priced at $1.73, has a Matketcap of $349,867,425, mainly three features.
- 100% of Net generated fees goes into the OXY token ecosystem, buyback, burn, etc., which is the coin holder’s profit when the coin price increases.
- $OXY can be used as a Protocol’s Governance token.
- $OXY will reduce transaction fees for coin holders.
What can’t be missed is Oxygen’s team and partners are made up of major banks, including JP Morgan, Goldman Sach, CME, Bank of America, and Barclays. Partners are not as common as FTX, Alameda, Serum, and others. famous projects
Oxygen is an IEO on FTX, an exchange that is born for traders who like to trade cryptocurrencies and has grown a lot of users over the past 2-5 years whether they are investors or investors. new and professional Let’s take a look at why investors choose the FTX Exchange.
1. The use of collateral coins
FTX allows users to use various altcoins as collateral.
2. High liquidity and liquidation system unlike any other
FTX has a partial liquidation system that protects users from liquidate from excessive price fluctuations.
3. There are many assets for traders to trade.
FTX, in addition to cryptocurrencies and derivatives, also has leverage tokens, volatile tokens, various global stock derivatives, various currencies. Including the purchase of future contracts related to the US presidential election ever
4. Low fees and expenses
Trading fees Funding rate asset transfer fees are very low compared to other exchanges.
5. Privileges of holding FTT coins
FTT Coins are the FTX Exchange tokens that can be used to receive FTX benefits such as reduced fees and IDO tokens.
In summary, FTX’s FTT coin has a lot to play with in the long run. In addition to reducing trading fees It also has the right to raise funds for a successful child project like Oxygen. I want to say that FTX also has a good project that is interesting to wait in line for IDO for a long time. Stay tuned.
SOURCE: Cryptomind Advisory Company Limited by: [ทีมงานแอดไวเซอรี่] This information is provided through publicly believed to be reliable sources that appear at the time of preparation that may change from time to time. Investors should study the information and consider carefully before making an investment decision.
Risk Warning: Investing in digital assets is risky. Investors should study the information and consider carefully before making an investment decision.