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Oasis.app - top class DeFi service



Oasis.app was founded in 2019 and enables users to use the maker protocol.


On the DeFi platform ( DeFi ) you can borrow DAI and get more out of your crypto assets.


What is the Maker Protocol?

The Maker Protocol is one of the largest decentralized applications ( dApps ) on the Ethereum blockchain. The platform is also the first DeFi application based on Ethereum . The decentralized credit platform gives users access to the stablecoin DAI. Within the maker protocol, users can mint stablecoins that are covered by appropriate collateral. 


Stablecoins are low risk cryptocurrencies because they have the same monetary value as the underlying fiat currency. For example, DAI is pegged 1: 1 to the US dollar. A stablecoin is usually dependent on a central system that holds the corresponding value in physical fiat currency as a reserve.


The Maker Protocol is unique in that it offers the first decentralized, dollar-backed coin called DAI. DAI is backed by digital assets rather than physical fiat currency. To get DAI, another token such as B. ETH or wBTC, can be stored in a maker smart contract. 


More than 25 security features are currently supported by the protocol.


Maker Vaults

The Maker Protocol offers decentralized, non-custodial and authorization-free credit positions - so-called Maker Vaults . Users can use it to generate DAI by depositing assets with Oasis Borrow as collateral in the vault.


For more information on the benefits of a Maker Vault, see the Oasis.app Knowledge Base .


Oasis.app features 

Oasis.app offers users the opportunity to buy, send and manage DAI - all from one central location. Oasis.app is also compatible with MetaMask, Trezor, Ledger Nano, Wallet Connect, Coinbase Wallet and many other wallets.


There are two products that Oasis.app offers: Borrow and DAI Wallet . The borrow function is the main product of the platform. The DAI Wallet offers users access to the DAI Savings Rate and the option to buy DAI with a debit or credit card.


Oasis Borrow

Users can generate by using their preferred collateral on SGI Oasis Borrow deposit . This feature supports ETH, wBTC and more than 25 other tokens. Oasis Borrow enables users to open a Maker Vault, store crypto collateral in it and thus generate DAI. The borrow function was revised at the beginning of 2021 and equipped with a new user interface. In addition, the energy efficiency has been improved. The changes were based on feedback from community members and followed a major update. 


Some of the new features are:


Preview of liquidation price and hedging rate

Merging transactions for improved energy efficiency

GIVE Wallet

The Oasis DAI Wallet is a one-stop shop for everyone who wants to get to know the stablecoin. Within the wallet, users can easily manage, buy and send DAI. The setup and use of the Oasis DAI Wallet is currently free of charge. However, users have to pay transaction fees and other costs such as gas fees.




Oasis.app introduces the multiply function 

In September 2021, Oasis.app introduced the Multiply function . This allows users to use their stock of DAI Coins to buy more collateral within the Oasis.app.


By opening a Maker Vault , you can increase or decrease your investment in various cryptocurrencies. Plus, you can borrow and use DAI to buy more collateral within one transaction. 


“You can now deposit your collateral and receive up to 4x on your ETH in leverage-like trading. The security of the maker protocol is retained. "


Oasis

Oasis Multiply is based on the Maker protocol and the 1inch DEX aggregator. Users can borrow DAI and create multiply positions. 


Oasis explains that multiply positions work similarly to leveraged or margin positions without the need to borrow money from a centralized company.


Today, 2 months after launch , there are 678 Multiply Vaults with $ 240 million in collateral on Oasis.app.


According to Oasis.app , Multiply has the following properties:


Opening a multiply position without the need for a vault

Converting a regular position to a multiply position

Increase the risk without adding new collateral

Reducing risk without adding new collateral or buying DAI in the market

Close the vault with just one click, with no need for DAI or collateral. This allows you to quickly exit a position before it is liquidated.

The future of Oasis.app 

The Oasis.app team focuses on developing features based on user feedback. Among other things, profit and loss calculations, the optimization of the user interface and the introduction of automated investment strategies are planned.


"The goal is to become a central point of contact for the use of your capital in DeFi and to be the oasis for your wealth."


Oasis.app

Oasis.app is undeniably the first and most prominent point of contact for everything to do with DAI. Users can access a wide variety of functions from a single location. 


To stay up to date on the log visit these channels: website | Discord | Twitter

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Disclaimer of liability

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general informational purposes only. Any action that the reader takes based on the information found on our website is entirely at your own risk.

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