• Oasis.app is a DeFi platform that allows users to earn Dai and lend digital assets.
• Through its user interface, Oasis Borrow, users can borrow Dai against any collateral supported by the Maker Protocol.
• Oasis offers flexible repayment schedules, multiple collaterals, extra liquidity, and an Oracle security module.
Manage And Deploy Your Crypto Assets In DeFi
What Is DeFi?
Decentralized finance (DeFi) is a financial system based on blockchain technology that enables users to access financial services such as lending, borrowing, trading and investing without the need for a centralized third party intermediary. It is an open source platform that allows anyone with an internet connection to use digital assets in order to generate returns or access financial services traditionally reserved for banking customers.
How Does Oasis Work?
Oasis.app allows users to generate Dai from their assets that are accepted by the Maker Protocol, or Maker-supported collateral. These assets are managed through smart contracts referred to as Maker Vaults and Oasis Borrow is the user interface for interacting with them. To use Oasis, users must have a compatible Ethereum wallet such as Metamask or WalletConnect.
Benefits Of Using Oasis App
With Oasis app, users can access several benefits including extra liquidity since Dai is a stablecoin; multiple collaterals suitable for various risk profiles; Oracle security module which protects borrowers from flash crashes; and flexible repayment schedules without minimum payments or credit history requirements as long their Vault is properly collateralized.
Conclusion
Oasis app offers a great way for investors to make use of their crypto holdings and generate returns through yield earning and lending opportunities in DeFi space securely and transparently with no intermediaries involved which makes it ideal for those seeking decentralized yield opportunities to grow wealth while supporting digital asset ecosystem at the same time.