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About Oxygen
Key Points
- Oxygen is a DeFi prime brokerage service built on Solana and powered by Serum’s on-chain infrastructure.
- Launched in late 2020 with the release of its mainnet alpha.
- Headquartered in Switzerland with a core team of 15 developers located around the world.
- Ambition is to transform the current model of finance into one that is more accessible, fair, and powerful.
What does Oxygen Protocol offer?
- Market-based pricing through a pools-based infrastructure.
- Capital efficiency through multiple use of the same collateral.
- Streamlined in-pool trading through Serum D
About Oxygen: Empowering a New Era of Decentralized Finance
Oxygen Protocol: A Revolutionary DeFi Solution
Oxygen is a pioneering DeFi prime brokerage service, meticulously crafted on the Solana blockchain and fueled by Serum’s robust on-chain infrastructure. At its core, Oxygen revolves around Pools – strategically curated baskets of assets that facilitate collective actions. Initially, the platform will debut with a borrow-lending facility, empowering users to generate yield and leverage their portfolios, thereby laying the groundwork for a thriving, decentralised financial ecosystem.
In late 2020, the project embarked on its maiden journey with the unveiling of its mainnet alpha. Headquartered in Switzerland, Oxygen boasts a core team comprising visionaries driven by a shared passion for architecting the financial infrastructure of tomorrow. With a cumulative wealth of decades of fintech expertise, the team’s 15 globally dispersed developers are poised to revolutionize the financial landscape.
Oxygen’s vision is to revolutionize the existing financial paradigm, fostering a more inclusive, equitable, and potent system. The inaugural phase of Oxygen involves a pool-based borrowing and lending infrastructure. Our subsequent plans entail the development of volatility trading agreements and structured product functionalities, empowering developers to craft their own bespoke structured products. Ultimately, our goal is to democratize the marketplace-esque business units typically confined within investment banks, making them universally accessible.
Oxygen Protocol: Unlocking a New Era of Decentralized Finance
Oxygen’s inaugural phase will introduce a borrow-lending protocol, distinct from its counterparts in several key aspects:
Market-driven pricing: Oxygen’s infrastructure is anchored around a pool-based ecosystem, where users can establish a pool by depositing their assets and specifying the lending parameters. Users define their lending terms, including desired maturity and yield, which can be executed as either market orders or limit orders. By leveraging the Serum DEX on-chain order book, Oxygen facilitates a seamless matching process between borrowers and lenders, thereby ensuring that users receive a fair market-driven price for their borrowing and lending activities.
Capital Efficiency: Oxygen’s innovative approach enables the multiple utilization of the same collateral, thereby allowing users to simultaneously generate yield on their portfolio while borrowing other assets. Moreover, the platform facilitates cross-collateralization, where users can leverage their entire portfolio across diverse asset types as collateral when borrowing. This synergy is expected to significantly mitigate liquidation risk for user portfolios.
Oxygen facilitates seamless in-pool trading by enabling users to interact directly with the Serum ecosystem and decentralized exchange (DEX) from within their pools, thereby eliminating the need for frequent deposits and withdrawals, and streamlining the entire trading process.
Oxygen’s cutting-edge products are made possible by its innovative on-chain risk management engine, which assesses each user’s pool individually, rather than relying on a fixed borrow/lending model. This enables Oxygen to accommodate a wide range of sophisticated products, including tokens, synthetic assets, nonlinear assets, and more, all of which can be cross-margined within a single account.
Liquidity: Oxygen will be turbocharged by leveraging the existing 140 million registered users from Maps.me’s vast user base, who will earn yields from their integrated wallets. This strategic synergy will catapult Oxygen into the ranks of the largest fintech applications. Furthermore, we have additional liquidity safeguards in place, including backing from Alameda and prominent high-frequency trading firms.
Scalability: By leveraging the Solana blockchain, Oxygen inherits its exceptional scalability, boasting a remarkable capacity to handle over 50,000 transactions per second, with swift block times of merely 400 milliseconds and negligible transaction costs of approximately $0.00001. This enables Oxygen to operate as a fully on-chain, peer-to-peer borrowing and lending, as well as prime brokerage protocol, unencumbered by scalability constraints.
Platform and Technology Infrastructure
Oxygen protocol is built on the Solana network, leveraging its robust infrastructure. Notably, OXY will be accessible in a dual-token format, existing as both a native SPL token and an ERC-20 token, thereby facilitating seamless interoperability between the Ethereum and Solana ecosystems.
Oxygen will operate on Serum DEX and Solana, leveraging a fully automated, on-chain order book that facilitates an impressive 50,000+ transactions per second at a remarkably low cost of just $0.01 per 100 transactions.
Our Visionary Team, Esteemed Backers, and Strategic Investors
Oxygen was co-founded by Alex Grebnev and Viktor Mangazeev, a dynamic duo with a wealth of experience. Alex Grebnev boasts an impressive 16-year tenure in investment banking, having held positions at esteemed institutions such as Goldman Sachs and Merrill Lynch. Viktor, a seasoned serial technology entrepreneur, has an extensive background as a CIO for several prominent companies. Oxygen’s strategic investors and DeFi ecosystem partners comprise a prestigious roster, featuring Alameda Research, Serum, Genesis Capital, CMS, MultiCoin, and other prominent high-frequency trading (HFT) firms.
Geographical Target Market Focus
We are targeting a diverse range of segments, with our primary focus on the burgeoning DeFi market and users seeking order-book matched, fair borrowing and lending rates in our inaugural phase, and more advanced financial service suites in subsequent phases. Our global outreach efforts encompass DeFi enthusiasts worldwide, supported by a multifaceted marketing and promotional strategy spanning multiple regions to amplify awareness of our innovative offerings.