Alameda Research has recently announced a substantial investment worth $40 million into Oxygen, which is a marketplace utilising peer-to-peer crypto-based assets, all of which are decentralized and also based on a smart contract related to Ethereum.
Delivery Of More Complex DeFi Functions Seems To Be The Goal
The crypto-based trading firm Alameda Research has sent shockwaves around the digital world after it made it known to the public that they will be investing $40 million into Switzerland based Oxygen, which is a DeFi brokerage. They seem not to be the only ones either, as both Genesis Capital, as well as MultiCoin and CMS all, took part in this as well.
So why the interest in Oxygen? Well, for starters, it will include lending-based protocols like Compound as well as Aave. Additionally, through the use of pools, Oxygen will also provide borrow and lending-based services. This will, in turn, enable consumers to have their assets deposited and also allow them to create yield when they decide to borrow against any of their respective portfolios.
Moreover, as Oxygen has plans to have its launch be done on Serum, which itself is the very first totally decentralized derivatives based exchange platform of the world and is currently based on the Solana blockchain, leveraging the on-chain infrastructure on Serum with the purpose of lending will also be of great benefit.
Maps.me Integration A Goal For Oxygen As Well
Oxygen has also recently announced its intent of integration with Maps.me and their digital wallet. This application integration has the potential to bring in over 100 million consumers into Serum. When inquired about this further, it was elaborated upon by Bankman Fried that users will be allowed to take advantage of this integration by using the Maps.me application to have their funds deposited. These deposits will be made so in token form, and through this process, a considerable amount of yield may be generated as the tokens are stored over time. This will then, in turn, lead to numerous every-day benefits such as hotel bookings and air travel.
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