Oasis Website
Traders can use Oasis as a means of depositing their collateral assets within Vaults and creating Dai.
Every piece of collateral on the Oasis network has its own Vault.
Customers can even open and manage multiple vaults from the dashboard on offer.
The Oasis.app website design follows a simple, minimalist design that showcases all important information at the forefront.
Features of Oasis
Oasis is essentially developed as being the go-to solution when it comes to producing, saving, or even exchanging Dai, which is the world's first decentralized stable coin consisting of three products: Borrow, Save, and Trade.
Operators are given the opportunity to create DAI through the process of locking collateral supported by the multi-collateral Dai Maker.
Customers are also given the opportunity to join the Maker Protocol and can deposit their collateral assets in storage rooms as a means of generating Dai through the website.
Website Navigation
The Oasis website is filled with bright and vibrant colors and follows a simplistic overall design language.
The top navigation bar includes subpages such as Multiply, Borrow, and Assets, each offering various options.
Featured cryptos like ETH, BTC, DAI, UNI LP, YFI, and UNI can be found under the Assets page.
Users can connect their wallet and select their preferred language.
The main section of the page promotes Oasis as a platform to "Deploy your Crypto into DeFi."
Further down, the Multiply and Borrow sections provide options to multiply exposure and borrow Dai against various cryptocurrency assets.
Learn and Support sections offer tutorials, key concepts, FAQs, and contact options.
Subpages guide users on how to utilize the platform's functionalities.
Users can subscribe to the newsletter for updates.
The footer includes About, Resources, and Products sections.
History of Oasis
The Oasis brand started in 2016 with the MakerDAO project and evolved into OasisDEX and Oasis.app with various products and functionalities.
Oasis Functionality
Oasis Borrow allows users to build Dai by locking up collateral supported by Multi-Collateral Dai.
Oasis Multiply enables users to borrow Dai and create Multiply positions to increase exposure to assets.
Pros and Cons
Oasis Pros
- Low trading costs
- Unique features like Oasis Borrow and Oasis Multiply
- Transparent transactions and order book data
- Users can accrue interest on DAI balances and get DAI loans
Oasis Cons
- Increased Oasis Trade charges during high Ethereum network traffic
- Lower trading pairs compared to competitors
- Lower liquidity compared to other options
The Bottom Line
The Oasis website offers a simple and user-friendly interface for both beginners and advanced users.
Oasis provides appealing functionalities and features for cryptocurrency traders, though potential higher costs during Ethereum traffic spikes.
Frequently Asked Questions (FAQs)
- What Assets Can Be Used as Collateral on Oasis?
- How Much Does Using Oasis Cost?
- How Does a User Open a Vault on Oasis?
