Oikos.cash

Asset creation

Anyone can issue new Synths by staking OKS at a 750% collateralization ratio. For example, to issue 100 sUSD you would need to stake 750$ worth of OKS. By issuing new synths, a share of the global debt is assigned to you. This share of the debt must be repaid in order to unlock your staked tokens. The global debt is the cumulative USD value of all Synths in circulation. Your personal share of the debt is re-caculated every time you issue new Synths or pay back your debt. For example, if the global debt is 900$ and you issue 100 sUSD, your share of the debt becomes 10% (100/(900+100)). Due to price fluctuations, the value of the global debt continuously changes and so does your debt. Since Stakers are taking a risk to stabilize the system, they are rewarded through Synth exchange fees as well as through the inflationary OKS supply. Stakers must maintain their collateralization ratio above 750% in order to be eligible for those rewards. Finally, stakers have the option to hedge their risk by mirroring trades on external exchanges.

Asset exchange

Synth holders can trade Synths directly on Oikos Exchange without incurring any price slippage or requiring a counterparty. There is no order book, exchanges are simply based on the spot market rate at the time of the trade. This creates a bridge between the world of traditional finance and cryptocurrency, giving cryptocurrency holders access to various synthetic assets like stocks, commodities, fiat currencies, etc.