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Organix Protocol is a decentralized synthetic assets issuance and trading protocol, which can mint synths like fiat currencies, commodities, cryptocurrencies, inverse cryptocurrencies, and cryptocurrency indexes through staking OGX as the collateral.
OGX is the basic token on Organix Protocol, which can be used as collateral to mint oUSD, oUSD is the stable coin in the whole system, the system always values 1 oUSD at 1 USD. Assets can be exchanged with oUSD on the synthetic exchange of Organix system through prices supplied by an oracle, included but not limited to fiat currencies, commodities, cryptocurrencies and their inverse assets.
Since the minting of synths doesn't need real assets or counterparties, it only requires
enough supported value and stable oracle price feeding to mint a variety of and unlimited amounts without consideration of problems of cross-chain assets and tokenized assets, which solves the problem of insufficient liquidity and homogeneous types of token of DEX currently.
Organix is accessible here.
Author: Peter Valenčič
Editor: Markus Hinrichs
Translation: -
Sources & References: