Oasis was born as one of the first projects by MakerDAO, even before the Single Collateral Dai, in 2016. As you can read in this post, a lot has happened since these years.
Oasis, which is now Oasis.app, became a standalone entity after the full decentralization of Maker. This move was taken by our team, with the mission to build the most trusted app to deploy capital in DeFi.
Since the start of the Oasis.app, our vision has been to build the very best and most trusted place to deploy capital into Defi. We want to offer our users a service that bridges the gap between the complexities of DeFi and the users' needs.
This means:
- Abstracting away the unnecessary complexities.
- Delivering a world-class experience users can trust.
- Building a user-centric product.
Today, Oasis.app is way more than just the front end to access Maker Protocol. It is on its path of providing the most trusted place to deploy your capital into DeFi, offering already three main products and advanced automation features.
By adding Aave to our list of supported protocols we are becoming the leading multi-protocol DeFi front-end and position manager.
When you decide to do one of the above actions, Oasis.app offers you different automation features. Stop-Loss allows you to be able to sleep better without the worry of being liquidated and losing money; Auto-Buy & Auto-Sell, and constant multiple help you to get the most out of your Vault. Our curated experience allows you to get the a top tier UX that clearly shows your position, the returns and the risk you are taking.
- Ethereum - ETH
- Lido’s Wrapped Staked ETH - wstETH
- Wrapped Bitcoin - WBTC
- Ren Bitcoin - renBTC
- Chainlink - LINK
- Decentraland - MANA
- Polygon - MATIC
- Yearn Finance governance token - YFI
- Uniswap liquidity provider tokens - UNI LP
- Curve liquidity provider tokens - CRV LP
- Rocket Pool ETH - rETH
Oasis Multiply, which is built on top of the Maker Protocol, 1inch DEX aggregator and Aave, allows users to borrow Dai or USDC and create Multiply Positions, which are similar to leveraged or margin positions but without the need to borrow funds from a centralised counterparty.
Overall, the approach in Oasis differs from existing models because instead of traditional options, such as counterparties lending users traditional fiat money for assets (like stocks), users access Dai by utilizing Vaults on the Maker Protocol. A user deposits collateral in a Vault to self-generate Dai as a funding source to purchase more collateral, multiplying their exposure to the asset.
With Oasis Multiply, you can now use your ETH, wBTC or other Maker supported collateral types to create a Multiply position (up to 4x*) and take advantage of upward trends of the supplied collateral.
Oasis Multiply
In order to create the Multiply Positions, we are combining three proven technologies to give you a great trading experience: the Maker smart contracts, 1inch DEX aggregator, and flash loans by Aave.
The team has decided to integrate the 1inch DEX aggregator to provide better rates and deepest liquidity on the DeFi market for our users. In our previous version, Oasis Trade liquidity was provided by OasisDEX, but with rising gas costs and newer, more efficient AMMs, it was not convenient anymore to get liquidity from just a single source. This time we decided to integrate a more efficient solution.
Oasis Multiply for AAVE is a product that allows you to immediately utilize your borrowed USDC to buy more collateral within Oasis.app. The starting supported collaterals are the most demanded in the market, ETH, WBTC and stETH, and we will continue to add the best and safest AAVE supported collaterals.
This means that you can increase or decrease your exposure to a single asset without having to perform multiple transactions or go to other apps to exchange.
What can you do?
With this new protocol for Multiply, you can select to increase your exposure to wBTC,ETH and stETH in the same way as you do with Multiply for Maker.
A user can enter a position with any of the supported collateral, select the multiplier, and open a long position with just a couple of clicks without leaving Oasis.app.
After creating your position, you are able to increase or decrease your risk, or multiplier, without the need to deposit or withdraw more collateral. If you want to finally exit your position, you can close your position to USDC.
Multiply for Aave
Oasis Borrow is the main entry point for users to take advantage of the Maker protocol. Through Oasis.app, users can generate (borrow) Dai, the world’s first user-created, unbiased currency and leading decentralized, asset-backed stablecoin.
Dai has a stable price, soft pegged to the US dollar, and lives completely on the blockchain, making it borderless and available to anyone, anywhere. These and other blockchain benefits allow Dai to extend the power of traditional currency: it can be freely sent to others, used as payments for goods and services, or locked in a smart contract to earn savings.
Oasis Borrow allows users to borrow Dai against any collateral supported by the Maker protocol like ETH, WBTC, and 20+ more. With an intuitive and world class UX that’s constantly evolving to suit users needs, the process to borrow Dai is seamless.
Benefits:
- Extra liquidity: Users gain access to extra liquidity, since Dai is a stablecoin this liquidity can be used for trading, spending or saving, all use cases are available.
- Multiple collaterals: Different collateral types, rates and collateral ratios are suitable for multiple risk profiles.
- Oracle security module: borrowers are protected from flash crashes by having prices update only once per hour.
- Flexible repayment schedules: There are no repayment schedules, no minimum payments, and no credit history requirements. Users can repay at their own pace as long as their Vault is properly collateralized
Fees:
Oasis Borrow is completely free of charge. We are committed to supporting the Maker protocol and all standard Vaults functionalities are and will continue to be free. Users need to have ETH to pay for gas costs, which are part of the Ethereum Network. The Maker protocol charges a stability fee to all Vaults; this fee goes to the Maker protocol, not to Oasis.app and should always be taken into account when borrowing Dai.
Oasis Borrow
