Oxygen

Built on the Solana blockchain and powered by Serum's on-chain infrastructure, Oxygen is a DeFi prime brokerage service designed to democratize borrowing, lending, and trading with leverage. Operating as a permissionless, cheap, and scalable protocol, Oxygen serves hundreds of millions of users, providing a more efficient way to manage capital. With Oxygen, users can earn yield, borrow from peers, trade directly out of their pools, and get trading leverage against a portfolio of assets.

The key technical features of Oxygen include its ability to transform collateral, allowing users to generate yield on their portfolios through lending out their assets and borrowing other assets at the same time. This is made possible by cross-collateralization, which enables users to utilize all of their portfolio as collateral when borrowing other assets, reducing margin calls and liquidation risk. Additionally, Oxygen's market-based pricing model uses an order-book based approach, rather than a pre-set market model, providing more efficient price discovery.

Oxygen's use cases are diverse, with applications in trading, lending, and borrowing. Users can earn yield by lending out their assets, borrow from peers to maximize capital efficiency, and trade directly from their pools using leverage. The protocol also provides a platform for creating constant leverage products for any asset and custom baskets/ETFs. Oxygen's value proposition is further enhanced by its decentralized governance model, which allows token holders to vote on binding initiatives related to the protocol.

The Oxygen team consists of a focused group of financial and software engineers with experience in creating mobile-first blockchain-based solutions and structuring, selling, and risk-managing structured products. The team has combined their expertise to bring institutional-grade products and risk-management know-how to DeFi. Notable partnerships include Serum, which provides the on-chain orderbook infrastructure for Oxygen.

Oxygen's roadmap includes continued development of its protocol, with a focus on expanding its user base and increasing adoption. The protocol has already achieved significant traction, with a growing community of users and a strong governance model in place. As Oxygen continues to grow, it is poised to become a leading player in the DeFi space, providing a more efficient and accessible platform for borrowing, lending, and trading.