Oxygen, the first decentralized platform for repurchase agreements (repos) in the cryptocurrency world, will allow for mutually beneficial exchange between asset holders and borrowers. Investors will be able to utilize their crypto assets to earn interest income through the safe allocation of tokens in short-term, low-risk loans. Traders will be able to post currency-based collateral to borrow crypto assets, effectively gaining short-term ownership of these tokens for various utilizations such as short-selling, hedging, or arbitrage.
The system is based on Ethereum smart contracts which provide fully decentralized collateral management, and is built upon a strictly enforced deal settlement system that eliminates the need for any centralized custodians. All collateral is secured within the smart contracts, and all private keys are stored on client-side applications.