Chromia Fundamental Analysis

Oxygen is a decentralized peer-to-peer crypto asset that has solved the most basic problem of scaling in the blockchain industry.

In the world of cryptocurrencies, oxygen is not going to be prime brokerage in the sort of white-glove sense but rather the protocol serves as a venue, catering to the basic requirements of DeFi applications, financial institutions, and individual users.

What is Oxygen Protocol?

The founder and focused team of oxygen protocol were passionate about Decentralized Finance and bringing institutional products, risk-management know-how, and PnL opportunities to all.

Oxygen is a pool-based DeFi prime brokerage service that will democratize lending and make it more effective for all participants. Users can hold and own their private keys while having full control of their funds. Users of oxygen protocol can earn a yield on their lent-out funds. You can borrow Solana assets from a pool and pay interest to the pool via oxygen protocol.

The exchange functionality enables you to immediately swap one asset for another at a good rate with full transparency through on-chain Serum order books.

Oxygen Protocol Architecture

Pools

Oxygen offers its users to create Pools for assets that they can use for borrowing and lending from others.The most vital advantage of the Prime Brokerage protocol is that you can lend out assets by earning a yield as a lender AND use those same assets as collateral for borrowing assets from other Pools.

Decentralized Matching engine

Thanks to the Serum ecosystem, Oxygen’s gives its users borrowing and lending orders which are 100% decentralized and on-chain:This will provide traders full control of orders, unlike automated market making.Orderbook and matching are fully automated on-chain and orders are from Serum end users which is one of the partners of oxygen protocol.

Risk Management

Those users who are wondering about the key to any borrowing-lending protocol are the Safety of assets as well as value-adding leverage. Several things are important to get right when designing it.

Close-out Management

It can be seen that liquidation will be done by third-party liquidators (you can be one too). Beta version of oxygen will include Serum DEX-based liquidation - relying on decentralized exchange liquidity if available.

What Does Oxygen Protocol Offer?

The first phase of oxygen protocol will is a borrow-lending protocol. The key features that differentiate Oxygen from its peers.

Market-Based Pricing:

Oxygen is built around a pool-based infrastructure, wherein users can build a pool by depositing their assets and distinguishing which ones to lend. Users can set their lending parameters for assets, including maturity and yield, whether as a market order.

The number of borrowers and lenders will match with the Serum DEX on-chain order book. This is how Users will get a fair price for borrowing/lending.

Capital Efficiency:

Oxygen enables multiple uses of the same collateral. Users can produce yield on their portfolio while borrowing other assets at the same time. This should mean less liquidation risk for user portfolios.

Streamlined In-Pool Trading:

Since Oxygen enables its users to interact with the Serum ecosystem and DEX directly out of the pool which allows collective action and efficient capital usage. This makes a streamlined trading process desirable.

Liquidity:

Oxygen is considered to be one of the largest fintech applications. The support from Alameda and leading HFT firms also have liquidity provisions. It can scale so much more securely and efficiently than fiat money that it will prove itself to be more efficient than all fiat money.

What Makes it Different From Other Protocols?

It enables for more effective use of your assets in two key ways:

Versatile uses of the same collateral:

Oxygen allows its users to produce yield on your portfolio through lending and borrowing assets at a time.

Cross-collateralization:

With Oxygen, you can utilize all of your portfolios as collateral, when you want to borrow other assets. This should mean lower liquidation risk for the user's portfolio.

Platform and Technology

Oxygen protocol is created on the platform Solana network. Apart from SPL, OXY will be used as ERC-20, supporting full interoperability between Ethereum and Solana.

It will run on Serum DEX and Solana that features a fully automated on-chain order book and 50K+ transactions per second for $0.01 / 100 per transaction.

Oxygen Tokenomics

The total supply of OXY is 10,000,000,000 and it will decrease through a buy and burn conducted with 100% of the protocol fees. The distribution of tokens is as follows.

• Community Fund: 45 %

• Product and Tech Growth: 25 %

• Team: 10 %

• Private Sale: 10 %

• Partners: 8 %

• IEO:2 % 

Fees

OXY token holders will have 100% of the protocol fees through buy and burn and will be the ones making governance decisions.

• Network fees – the protocol is expected to charge a fraction of the yield gained by the lenders for network fees.

• Trading fees – the trading fees will be based upon protocol trading volume, asset management pools, and more 

Governance

Each OXY token denotes one vote and the token holders will vote on binding governance initiatives connected with Oxygen Protocol.

Where to Buy OXY

OXY is a relatively new cryptocurrency and got listed on FTX, Uniswap, and Sushiswap only but expected to get listed on other major exchanges as well. You first need to buy ETH or USDT to buy OXY as none of the exchanges have listed it yet with fiat pairs.

Conclusion:

Oxygen is a DeFi prime brokerage protocol built for the future to support 100s of millions of people. It can help you, as a holder of digital assets, generating liquidity, earning yield, borrow assets to go short and get trading leverage against your portfolios of assets.

The project looks promising due to its huge potential and committed team and already creating a buzz in the crypto market.