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3:09 AM · Mar 16, 2021Twitter Web App

2) I guess I should start by saying what it's not.

@Oxygen_protocol

isn't an attempt to make a simple, clean margin trading interface as soon as possible. (

@mangomarkets

sorta is!) Oxygen is going down a different route: what is the most powerful borrow/lending product?

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3) And what do we have to do to get there? It's an approach that mirror's

@FTX_Official

's launch in some ways. And perhaps some parts of the design will seem familiar.

4) Oxygen is an on-chain prime brokerage protocol. In oxygen, you create a Pool, and deposit your collateral there.

5) You can trade directly from your pool's assets:

6) You can lend out your assets for yield, specifying a min rate to lend at, while simultaneously using them as collateral...

7) ...and use that collateral to borrow assets

8) You can then use those borrowed assets to margin-trade on the Serum DEX; or just directly to withdraw from your Oxygen pool.

9) It's a general purpose risk management pool with borrow/lending and trading built in.

10) The UI is still under development; it works, but there are lots of things that could be smoothed out. There are also some nice features, though, like a transaction history with clear labeling:

11) There's a lot left to go, but it's live, and functional, and aiming high: trying to be a fully on-chain, fully decentralized asset management system, done right.

12) Anyway, OXY is listing tonight!

13) And, as always: NOT INVESTMENT ADVICE