OIKOS – CREATING SYNTHETIC ASSETS WITH TRX COLLATERALIZATION
The development of sophisticated technologies grants the world access to a whole new world of investment, which has all been simplified through the digital system.
Digitalization is taking over, and has brought with it, tides of great benefits for every user.
One of such developments is the creation of Synths, made possible through the use of digital technologies.
For the sake of new users, let's quickly explain Synths.
Synths which are called Synthetics are a form of asset, which is not necessarily the main asset, but rather is a tool which stands for the actual asset.
Having known what synths are, let's take a look at a system which will usher the world into the benefits that synths carry.
MEET OIKOS SYSTEM - A DEFI SYSTEM IN THE TRON NETWORK
Oikos system has been born out of the need for a system which helps users to diversify their portfolio, through investment in different assets, using the aforementioned synths.
It is a system that issues synthetic assets to users, on the Tron network, by locking the native token of the system called OKS token, on the smart contract.
The Tron network is a very valuable and sophisticated one, which has unending benefits for users, so the Oikos system leverages on the advancement of this system, to build this DeFi system on the Tron network.
The users are entitled to different kinds of benefits or rewards, one of which is generated when they stake their OKS token to create synths and the next kind of reward comes from the use of Synths on the Oikos exchange platform.
HOW TO STAKE OKS TOKEN AND GENERATE SYNTHS
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All the user has to do is to collateralize their OKS token, at 750% ratio, and then regulate their own staking to be a bit above the stipulated percentage, through burning some of the generated synths, which increases them or minting synths through the use of the system's minter, to reduce its ratio.
Whichever one the users choose to do, determines the level of rewards they will be given.
It also uses the innovative features of the smart contract to better this system.
The smart contract descriptively entails a technology which possesses the propensity to mechanically carry out transactions without needing an intermediary or third party, while maintaining a decentralized outlook.
By completely leaving the OKS token locked in the smart contract, users stand the opportunity to create synths, while the system with the built in synths minter already fixed in the system mints the synths.
Moreso, with the smart contract, users can seamlessly keep track of the market value of their synths.
OIKOS OUTSTANDING PECULIARITIES
Decentralization entails autonomy in terms of management and administration, OIKOS platform is decentralized and this is also evident in its mode of operations .
Unlike every other system out there, OIKOS possesses a quite explicit operational medium, using the most recent technological tools to carry out transactions on the system, creating efficiency for users all over the world.
A Dapps based exchange is expertly developed to improve the experiences of users on this platform, where users can transform their OKS any time they desire.
There is also the aforementioned incentives programme drawn up for users who stake their tokens to effect the synthetic assets.
Oikos has now made available an avenue where the users can make investments into different markets, without the need to be in possession of the invested commodities.
CONCLUSION
This and a lot more is proof that the OIKOS platform is setting the pace in the system and providing its users with immense benefits through their investments on synths.
Liquidity issues are no longer a problem as this system, Oikos helps to checkmate liquidity problems caused by slippage.
Now everyone can benefit greatly, all thanks to 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
AUTHORS DETAILS
Bitcointalk username- Kakal
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767315;sa=summary