Organix — a decentralized synthetic asset issuance and trading protocol, based on EOS. Staking is the process of converting excess OGX to oUSD. Investors use the OGX to mint oUSD and use the minted oUSD to trade synthetic assets.
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Description of the Organix project
A synthetic asset is a financial instrument, used to model fixed assets (financial derivatives, etc.). The synthetic asset mint needs excess collateral and its price is synchronized with the price of external real assets through the oracle.
Organix is an EOS-based protocol for mint and trading synthetic assets such as cryptocurrencies, commodities, fiat currencies, indices and inverse assets through over-provisioning with OGX tokens. Endless market depth and smooth decentralized trading experience.
Some features:
| Oracle based pricing | The prices of all trading pairs are derived from oracles with multiple data sources. |
| Unlimited liquidity | Trade with a smart contract directly with infinite market depth. |
| Experience | An efficient decentralized trading experience, powered by EOSIO. |
OGX — the underlying Organix protocol token that can be used as collateral for the ousd mint. OUSD is a system-wide stablecoin. The protocol always values 1 OUSD at 1 USD, backed by an initial 800% collateral ratio to ensure that the OUSD price can absorb large OGX price strikes.
The reward can be claimed every week, provided that your current rate is higher or equal to the minimum of the system.
Additional information
The site has White Paper and RoadMap documents. With their help, you can learn more about the features of the project, as well as study the upcoming updates. The developers provide only a section with answers to questions. Also, some of the benefits are found on the main page.
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You can also subscribe to the Medium blog. The smart contract doesn't have an audit.