• Oasis.app is a decentralized finance (DeFi) platform that allows users to generate Dai from their assets that are accepted by the Maker Protocol.
• Oasis Borrow enables users to borrow Dai against any collateral supported by the Maker protocol such as ETH, WBTC, and more.
• Benefits of using Oasis include extra liquidity, multiple collaterals, Oracle security module, and flexible repayment schedules.
What is Oasis?
Oasis.app is an intuitive decentralized finance (DeFi) platform that enables users to manage and deploy their crypto assets in various yield earning and lending opportunities. By leveraging the services of the Maker Protocol, users can generate Dai from their crypto holdings with smart contracts referred to as Maker Vaults. The platform also offers a user-friendly interface called Oasis Borrow which allows users to borrow Dai against any collateral supported by the Maker protocol including ETH, WBTC, and twenty more cryptocurrencies.
How Does It Work?
To use Oasis for yield earning and lending opportunities users must have a compatible Ethereum wallet such as Metamask or WalletConnect installed on their device. Through the Oasis Borrow interface users can access loans without a credit check and generate Dai from their crypto holdings when securing them as collateral in a Maker Vault. The process is designed for maximum transparency with prices updating only once per hour in order to protect borrowers from flash crashes.
Benefits of Using Oasis
The benefits of using Oasis are numerous and include access to extra liquidity since Dai is a stablecoin which can be used for trading, spending or saving; different collateral types and rates suitable for different risk profiles; Oracle security module protection; no repayment schedules or minimum payments required; and no credit history requirements allowing users to repay at their own pace as long as their Vault is properly collateralized.
Conclusion
Overall, the DeFi platform offered by Oasis provides an easy way for investors to manage their digital assets while earning returns through yield opportunities like lending or borrowing cryptocurrency securely with peace of mind knowing that they have complete control over funds at all times due to its transparent nature enabled through smart contracts on Ethereum’s blockchain network.
Takeaway
By utilizing DeFi services such as those offered by Oaisis investors can take advantage of secure loan offerings without having to worry about repayment plans or minimum payments while still being able to earn income from holding digital assets in a transparent manner thanks to smart contracts on Ethereum’s blockchain network