To put it simply, you only need to use OGX to mint oUSD for obtaining loan, and you can enjoy rewards from OGX inflation and transaction fees. You can also use oUSD to trade other O or I synthetic assets, where O represents to short on an asset and i represents to long. By going long or short on a certain token, one can maximize profit. Of course, this process may also lead to losses due to mistakes in the judgment of the market. The following are some introduction of features in the official version of Organix DApp:
1 Home page
[Collate Rate] The current collateral rate refers to a dynamic value after OGX is minted. It needs to be greater than or equal to 800% when receiving staking rewards. The target collateral rate refers to the value of the fixed-rate set the Organix ecosystem. When the current collateral rate is lower than this value, the current collateral rate can be adjusted by minting or burning synthetic assets.
There are four main function sections: [Mint] [Burn] [Exchange] [Claim]
The Menu contains [Homepage] [Overview] [Escrow] [Me]
[Mint] OUSD is minted through staked OGX and debts will be generated. At this time, you have the right to receive inflation rewards and transaction fees, but this does not mean that you can earn it undoubtedly because your profit depends on the system’s debt situation.
[Exchange] According to the market, oUSD is used to trade other synthetic assets, resulting in profit or loss.
[Claim] Debtors are eligible to claim their rewards including OGX inflation and transaction fee rewards.
[Burn] Burning oUSD to unlock OGX requires adjustments based on your own profit and loss. You can also burn oUSD to increase the collateral rate.
2 Overview and Escrow
[Overview] It is mainly divided into system parameters & statistics and synthetic asset distribution data in the system.
[Escrow] Theinflation rewards (once a week) received by the debtor will be escrowed here and the release period is 12 months.
3 Personal data
[My] It can help check your own synthetic assets and profit and loss. You can quickly get synthetic assets such as OGX and oUSD through these links. You can also use the invitation link below to invite friends to participate in Organix, and you can get 10% rewards of the invitee’s transaction fee.
