Thread by @SBF_Alameda

1) What is Oxygen?

oxygen.org

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?

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

14) Oh, and:

It's still very much in Alpha. Use at your own risk.