DeFi brokerage transaction service Oxygen Protocol attracts $40 million investment
DeFi (decentralized finance, DeFi) brokerage transaction service Oxygen Protocol announced on the 25th that it has attracted an investment of $40 million.
Major investors include Alameda Research, a global cryptocurrency fund, Multicoin Capital, Genesis Capital, CMS Holdings, and Coin United.
Oxygen Protocol is a DeFi brokerage transaction service based on the blockchain platform Solana. Users can trade a variety of products such as deposits and loans, derivatives and margin trading, and structured products through Oxygen.
Oxygen’s major transactions are handled through Serum, a decentralized exchange based on Solana. Serum is developed based on Solana, which can process about 56,000 transactions per second, enabling fast and low commission transactions.
“In the future, Oxygen will be installed on Maps.me, an offline map application with 140 million users,” said Oxygen. “Mapsme users will be able to use various decentralized financial products through Oxygen.” did.
Sam Bankman Fried, CEO of Alameda Research, said, “Oxygen is a DeFi service with very sophisticated and excellent features.” I said this.
Notice. This content means that the facts of the information have been confirmed by the press release of the one party.
And may differ from the editorial direction of this magazine.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.