Oxygen update: OXY Live price, price chart, news and markets

The OXY price update as of now is $0.001010. In the previous 24 hours, its trading volume was $281,764, and its value has increased by 0.98%. As of now, OXY's live market cap is $201,948, and it is ranked as the #2066 on the Coincu. OXY has a circulating supply of 200,000,000 and a maximum supply of 200,000,000.

Understanding Oxygen

Oxygen.org is a DeFi Prime Brokerage Platform that operates on the Solana Blockchain. It provides a secure environment for holding digital assets, creating liquidity, earning interest, borrowing assets for short selling, and engaging in leveraged trading based on your asset portfolio. With Oxygen, you can optimize the efficiency of your assets in the following ways:

• Utilizing Collateral Efficiently: Oxygen allows you to lend your assets while borrowing other assets, enabling you to generate returns on your portfolio.
• Inter-chain Collateralization: By using Oxygen, you can use your entire portfolio as collateral when borrowing other assets. This reduces the risk of liquidation or margin calls.
• Market-Driven Pricing: The Oxygen protocol operates on an order book system, ensuring that you always trade at the most favorable rates for borrowing and lending.

The Oxygen Protocol's Operational Model

Investors can interact with the mobile app to deposit assets into their investment portfolios and engage in leverage borrowing. There are no fees associated with managing the properties. Oxygen Protocols are Smart Contracts that interact with decentralized systems such as Exchanges (on the Serum platform) or DeFi Order books for borrowing. They can also connect with cross-chain protocols and OTC funds, potentially including donations from retailers.

Users receive borrowing and lending fees, as well as trading profits, in the following distribution:

- Volatility Liquidity Providers (VLP): VLPs receive OXY reward tokens, platform fees, lending fees, and trading profits for providing liquidity and risk funds.

- Distribution Partners: Distribution partners receive Oxy reward tokens for facilitating original customer transactions.

- OXY Token Holders: Holders of OXY tokens receive 100% of the revenue generated by the Oxygen Protocol.

The Advantages of Oxygen

Oxygen aims to cater to millions of users and offers several advantages to digital asset holders. These include the ability to create liquidity, earn interest, borrow assets for short selling, and engage in leveraged trading based on their asset portfolio. It distinguishes itself from other lending protocols through the following unique features:

• Collateral Efficiency: Oxygen allows simultaneous lending of assets and borrowing of other assets, providing opportunities to generate returns on your portfolio.
• Cross-Mortgage: You can use your entire portfolio as collateral when borrowing other assets, minimizing the risks of margin calls and liquidations.
• Market-Driven Pricing: The Oxygen Protocol operates on an order book system, eliminating the need for manual adjustments and ensuring fair and reasonable rates.

Oxygen is a fully decentralized, unattended, and on-chain platform. All transactions take place directly between peers without the involvement of a centralized operator. At no point does the OXY protocol have access to your private keys.