The liquidation mechanism is an important component that plays a central role in the protocol’s stability. Apart from the issuance c-ratio, it ensures synth holders that their holdings are protected in case of a significant price shock. Liquidation consists of redeeming synths for staked OKS when the issuer collateralization ratio falls below 200%. This article is meant to explain in detail how the mechanism works.
Benefits of adding liquidation to the system
Oikos is a Binance Smart Chain (BSC) based synthetic asset platform for derivatives liquidity. The addition of new Synths to the protocol is driven by demand from the community, as well as whether the protocol’s oracle provider, Chainlink, supports the data feeds necessary for the given assets.
With the addition of these new Synths to Oikos, they can now be traded on Oikos Exchange or held in your wallet.
New Synths and the future for iSynths
We’re excited to announce that Oikos — crypto-backed derivatives protocol — has integrated Chainlink Price Feeds on Binance Smart Chain. By integrating Chainlink’s industry-leading decentralized oracle network, Oikos gains access to high-quality, tamper-proof price feeds needed to secure the platform from price manipulation attacks, by removing one layer of centralization from our architecture. This will provide our users with strong assurances that they are quoted the best rate in the market, which will lead to better trades.
We are excited to announce a major upgrade to our platform, with exciting new features. As the development progresses, we are integrating key functionalities that will help us keep up with the competitors and increase our market reach. Today, we are presenting Oikos Exchange V2, with a revamped user interface and the ability to obtain a loan (denominated in Synth BNB) using BNB as collateral.
We recently migrated operations from Tron to the BSC blockchain and we are eager to explore a tighter integration with the underlying coin that powers the network (BNB). Adding BNB also contributes to the Synth…
Here at Oikos, we are proud to announce another accomplishment and even more synergy with the nascent Derive protocol. Today, we are launching an updated version of the stablecoin pool reward contract and your action is needed. If you are staking your deriveUSD, you will need to migrate them. To make your life easier, we have integrated a one-click migration wizard directly on minter.
If you still have liquidity on the old pool, please remove it here.
Derive Finance has recently launched their seigniorage/governance token and we are excited to inaugurate a new LP reward program for DRV/OKS liquidity on Pancake Swap.
Derive is a trustless exchange optimized for trading of for pegged assets. This kind of system delivers better performances in terms of slippage, as well as exposure to impermanent loss for liquidity providers, and it is able to automatically rebalance its pools.
The incentives will run for three months and have started on April 9 at 12:00 PM AST. Each week an amount of OKS will be supplied by the Oikos foundation and distributed pro-rata to…
April 30 is an important day for Oikos because it marks one year from our original deployment and the launch of our infrastructure. As the project gradually reaches maturity, it is time for tough decisions. The past year was an amazing learning opportunity for Oikos and we have seen explosive growth in users and trading volume. The Tron blockchain has allowed us to experiment with building DeFi infrastructure outside Ethereum and it has provided us with a decent test-bed, despite the obstructionism from management, and technical difficulties we experienced at some point. Unfortunately, recent changes to the fee model used…
Today, taking advantage of better system stability, we are re-launching our main inverse synths, namely iETH, iBTC and iTRX. Inverse synths are useful to hedge additional risk derivated from trading and staking on Oikos.
Inverse synths are available for trading on Oikos.exchange at the following rates (in the order of entry price, upper limit and lower limit):
The price of an inverse synth is the inverse of the asset value with relation to its entry price. The formula is defined below: