Oxygen

Oxygen.org operates as a decentralized finance (DeFi) prime brokerage protocol constructed on the Solana blockchain. The company was co-founded by Alex Grebnev, who possesses over 16 years of experience in investment banking with firms like Goldman Sachs and Merrill Lynch, and Viktor Mangazeev, a serial technology entrepreneur. Their combined expertise in traditional finance and technology underpins the protocol's design to bring sophisticated financial services to the decentralized web.

The core of Oxygen's business is to provide services traditionally offered by prime brokerages in conventional financial markets to the DeFi space. This includes facilitating borrowing, lending, and leveraged trading for a user base ranging from individual DeFi participants to institutional clients. The protocol operates on a peer-to-peer model, where all transactions are executed on-chain without the need for a centralized intermediary, ensuring that the platform is non-custodial. Revenue is generated through fees on network activities, including a fraction of the yield earned by lenders, trading fees, and liquidation fees, with 100% of net revenues benefiting the holders of the OXY token.

Oxygen's protocol is distinguished by several key features. It allows for the use of a portfolio of assets as collateral, a practice known as cross-collateralization, which can lower the risk of margin calls for borrowers. Users can also engage in multiple activities simultaneously, such as earning yield on their assets by lending them out while also borrowing other assets against them. The platform utilizes an order-book-based pricing mechanism, inherited from its integration with the Serum DEX, to ensure that interest rates for borrowing and lending are determined by market supply and demand. A significant event in the company's history was the collapse of the FTX exchange, where over 95% of Oxygen's token supply was held, presenting a substantial challenge for the project.

Keywords: decentralized finance, DeFi, prime brokerage, Solana, Serum, crypto lending, crypto borrowing, cross-collateralization, yield generation, on-chain order book, Alex Grebnev, Viktor Mangazeev, OXY token, DeFi protocol, digital asset marketplace, peer-to-peer lending, crypto trading, leverage trading, blockchain finance, decentralized applications