Oxygen

Basics

• Based in: Oxygen.org AG is based in Switzerland
• Started in / Announced on:
• Mainnet release:
• Aims to do for DeFi what Robinhood has done for stocks – only without the reliance on centralized legacy settlement systems.

Token

Token Allocation

• Has 95% of its tokens locked in bankrupt FTX (10-12-2022).

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Solana

How it works

• From Coindesk (24-2-2021):

"Users custody their own keys to a Solana wallet, which is lending the assets on the Oxygen protocol. If they are starting out with dollars, a U.S. bank account can hook up via fintech facilitator Plaid. Thereafter a transfer to Circle’s Silvergate account will result in USDC stablecoins automatically being minted on the Solana blockchain."

Compliance

• From Coindesk (24-2-2021):

"It works with a Big Four audit firm (name not disclosed) to keep an eye on how assets are handled and for general regulatory compliance. “The places where fiat comes in and out of the system are where KYC [know-your-customer] is happening,” said Bankman-Fried."

Roadmap

• Can be found [Insert link here].

Pros and Cons

Cons

• Has 95% of its tokens locked in bankrupt FTX (10-12-2022).

Team, Funding, Partners

Team

• Full team can be found [here].

Funding

• Raised $40M. Alameda is joined by Multicoin, Genesis Capital and CMS in the round.

Partners

• Alameda said Oxygen will be integrated into Maps.me (24-2-2012) which got investment by the same Alameda clique.

(:

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