Oxygen

Oxygen is a DeFi prime brokerage service built on Solana and powered by Serum's on-chain infrastructure. Built to support 100s of millions of users, it serves as a permissionless, cheap, and scalable protocol that democratizes borrowing, lending, and trading with leverage and allows you to make the most of your capital.

With Oxygen, you can earn yield, borrow from peers, trade directly out of your pools, and get trading leverage against a portfolio of assets. It provides a more efficient way to manage capital and is unique from other borrow lending protocols in three ways:Multiple uses of the same collateral. Oxygen enables you to generate yield on your portfolio through lending out your assets and borrowing other assets at the same time.

Cross-collateralization. You can utilize all of your portfolio as collateral when you want to borrow other assets, meaning a lower margin call and liquidation risk for your portfolio.

Market-based pricing. Oxygen protocol is order-book based instead of following a pre-set market model that needs to be manually adjusted.

Oxygen is 100% decentralised, 100% non-custodial, and 100% on-chain. All transactions are purely peer-to-peer with no involvement from a centralized operator. Oxygen protocol never has access to your private keys at any point.

Our Vision
Prime Brokerages services are central to traditional financial markets. They connect various market participants—hedge funds, institutions, pension funds, insurance companies, asset managers and liquidity providers—for a more efficient market and price discovery, as well as facilitating leveraged trading.

Oxygen is designed to provide the best properties of this financial infrastructure to DeFi. Borrow/lending is just the beginning: our vision is to provide all the trading and investment-linked services traditionally provided by investment banks, and make them accessible to everyone, all while maintaining full trustlessness.

Oxygen.org is possible today because of the Solana blockchain and Serum Ecosystem. Solana is a future-proof blockchain currently supporting 50,000 transactions per second, for less than $0.00001 each. Serum’s 100% on-chain orderbook is at the core of Oxygen protocol, helping match borrowing and lending orders. By building on Solana, Oxygen will be able to offer our users quick transactions at a low cost.