The startup operates a decentralized protocol for digital assets that enables leveraged trading through a decentralized prime brokerage system. Its platform allows users to earn yield, borrow from peers, and trade directly from their asset pools, enhancing access to capital and trading opportunities in the decentralized finance space.
Funding
Funding not disclosed
Founders
Product
Problem
In decentralized finance (DeFi), users often lack access to sophisticated trading tools and capital efficiency found in traditional finance, such as leveraged trading and the ability to generate yield on their digital asset portfolios. Existing DeFi protocols may not fully integrate borrowing, lending, and trading functionalities, limiting users' ability to maximize returns and manage risk effectively.
Solution
Oxygen Protocol provides a DeFi prime brokerage service on the Solana blockchain, enabling users to borrow, lend, and trade digital assets with leverage directly from their asset pools. The protocol facilitates efficient capital management by allowing users to generate yield through lending, borrow assets for shorting or leveraged trading, and access liquidity, all within a single platform. Oxygen leverages Serum's on-chain order book to match borrowing and lending orders, offering a decentralized and transparent marketplace. Users maintain full control of their assets through a non-custodial wallet, while the protocol's risk management system and liquidation engine ensure the stability of the platform.
Target Audience
The primary target audience includes DeFi users, traders, liquidity providers, funds, and institutions seeking to optimize their digital asset portfolios through leveraged trading, yield generation, and efficient capital management.
Features
- Borrowing and lending marketplace with order book-based matching
- Cross-collateralization, allowing users to utilize their entire portfolio as collateral
- Leveraged trading execution directly from user asset pools
- Real-time loan-to-value (LTV) monitoring to manage risk
- Integration with Serum DEX for market data and trading
- OXY token rewards for liquidity providers and distribution partners
- Governance mechanism allowing OXY token holders to participate in protocol decisions
- Mobile wallet for self-custody and access to DeFi functionalities