What is Oasis.app ?

OASIS.app is part of the MakerDAO system and is the official website and portal for Trading, Borrowing DAI and Saving in the Makerdao system 

It is a non custodial platform and service for minting DAI and managing the CDP vaults created by Maker. 

The smart contracts have been audited and formally verified and it is the leader in the decentralised finance space. 

Here you can see an example of a cdp on oasis.app whioch shows your liquidation price and how to top up your loan, borrow more and see your interest rate accruing every second. 

How does MakerDAO work?

The borrower sends his crypto currency to a smart contract and in return receives an additional amount in DAI into his wallet by the next block (~15 secs). 

The user retains full ownership of the crypto currency sent which is locked to the smart contract as collateral and can be retrieved at any time by repaying the amount lent in DAI.

An example:

Send 15,000 USD equivalent of ETH to Maker smart contract

Receive up to 10,000 USD worth of DAI in loan instantly

You now have 15,000 USD worth of Ethereum under you custody locked up AND and additional 10,000 USD of DAI in your wallet.

You can do whatever you want with the new 10,000 USD but you have to pay it back plus the stability fee (in DAI or MKR) to unlock the 15,000 USD equivalent of ETH. 

If ETH price goes up you win.

If ETH price falls you need to watch your liquidation price .

What is MakerDAO?

Maker is an Ethereum based lending platform responsible for the creation of DAI, the world’s first decentralised ‘Stable Coin’ soft pegged to 1 USD.

Maker allows any user to autonomously take out a loan (denominated inDAI) by staking Ether (ETH) as collateral. Other Ethereum based tokens can also be staked as collateral. 

The Maker system is inherently permission-less , meaning that there are no requirements other than holding crypto currency or buying DAI to get started.

All loans are issued automatically by a smart contract so no human is involved in the facilitation of any loan. 

Blockchain Capital ICO

BlockChain Capital ICO

BlockChain Capital completes 10 million USD ICO.

A more traditional style Venture Capital fund has been launched by Blockchain Capital and has raised over the 10 million USD maximum in its first day and will invest all of this in anything but traditional ventures.

In what BlockChain Capital itself dubs a world first they have launched the First Digital Liquid Venture Fund which they say “will disrupt the traditional VC market and create the first of its kind “Digital LP” investment vehicle”.

The difference with this fund, and why it can disrupt, is that it will not only invest in companies associated with Blockchain technologies, such as Bitcoin, Ripple and Ethereum but it will issue a liquid tradeable token, representing value in the fund, that can be bought and sold on an exchange. This means that investors can essentially cash in their investment at any time as opposed to waiting many years like in a more established Venture Capital fund.

This Blockchain Capital token will be issued on the Ethereum Blockchain, and joins an increasing number of ICOs using Ethereum’s easy and straightforward deployment of secure tokens on its network.

Time will tell

We shall certainly see over time whether this fund is able to return value to its investors but with some big names backing it, and a massive treasure trove to pick the best investments from, it certainly has a great chance of retuning investors multiple times their original investment in 5-10 years.

The fund has essentially underwritten the value of the token at 1USD and thus creating a floor at its original par value. This is achieved trough their intent  to buy up any tokens in the event that it falls below this base value.

With the ICO raising finishing so quickly, it would have meant many would-be investors potential missing out on the initial offering. This will create a pent up demand and when the tokens are finally issued on Ethereum and listed for exchange you could see an initial explosion in price built around the hype and opportunity of a more regulated type token, of sorts, amidst a largely speculative and unregulated space.

Honey Pot

Of course now they have created a honey Pot for new and more established Blockchain type companies to request funding from. This makes Blockchain Capital the current ‘Belle of  the Bitcoin Ball’ and thus creating an opportunity to pick and choose from the most alluring suitors. This should at least mean the Fund managers being able to decide on more quality investments and not just any old Blockchain company with a great idea. With this space developing so fast, and there starting to be a number of well established players likley looking to expand their offerings, there will certainly be no shortage of suitors.

Open Blockchain not Permissioned database

If they use the mantra that the word ‘Blockchain’ cannot be replaced by the word ‘Database’ when looking at company pitches then it is likely to be a better type business investment. Many new startups and advisors are creating new closed access, permissioned style databases and calling it ‘Blockchain’ or ‘Distributed Ledger Technology’ and are really suggesting nothing better than an open SharePoint. Unless a company is building technology that resembles all of the main characteristics of Bitcoin such as having an open and permission-less innovation & security model then it will inevitably find it hard to differentiate itself. Any Blockchain investment needs to be disruptive and not just offering small efficiency gains here and there.

What next

It will be fascinating to see how the token trades when it is listed on exchanges and how they will restrict Non-Accredited US investors from buying the tokens. I suspect it will be listed only on a limited number of exchanges who conduct thorough KYC before allowing investors to buy. One such exchange could be the fairly new NYCEX, which looks fairly quiet but well designed and part of the Argon Group that helped launch the ICO on Tokenhub .

Watch this space…

What is Oasis.app ?

OASIS.app is part of the MakerDAO system and is the official website and portal for Trading, Borrowing DAI and Saving in the Makerdao system  It is a non custodial platform and service for minting DAI and managing the CDP vaults created by Maker.  The smart contracts have been audited and formally verified and it is […]

How does MakerDAO work?

The borrower sends his crypto currency to a smart contract and in return receives an additional amount in DAI into his wallet by the next block (~15 secs).  The user retains full ownership of the crypto currency sent which is locked to the smart contract as collateral and can be retrieved at any time by […]

What is MakerDAO?

Maker is an Ethereum based lending platform responsible for the creation of DAI, the world’s first decentralised ‘Stable Coin’ soft pegged to 1 USD. Maker allows any user to autonomously take out a loan (denominated inDAI) by staking Ether (ETH) as collateral. Other Ethereum based tokens can also be staked as collateral.  The Maker system […]

Enterprise Ethereum Alliance

Enterprise Ethereum Alliance – Big Name Corporations Show Surprising Interest in Ethereum What is the appeal of Ethereum to certain big name corporations? The answer may lie in the recent question marks posed over Bitcoin’s scalability and the inability of the Bitcoin community to agree on a way forward. During weakness, people seek strength. Financial […]