Raydium
Being able to source liquidity—cash reserves that may be utilized to ensure that traders can complete their orders as closely to their preferred price as possible—is one of the major issues in DeFi. It’s excellent to have decentralized exchanges that are quick and inexpensive to operate.
The “cambrian explosion” of DeFi of Solana is powered by the role that Raydium performs as an on-chain order book. Investing in Raydium liquidity pools allows investors to rewards in the native RAY token and the tokens stored in the pool.
Similar to Serum, Raydium offers on-chain liquidity to a central limit order book, enhancing and familiarizing the user experience. Actually , there is a strong connection between the two projects, allowing Raydium users to access the order flow and liquidity of the full Serum ecosystem and vice versa.
The “AcceleRaytor” launchpad, created by the Raydium team, facilitates the introduction of new projects within the Solana ecosystem. Determining how much these blockchain startups can raise is decided by the Solana community, which is another decentralized aspect of this funding. Investors deposit USDC to the funds, and upon project launch, they are given an equivalent quantity of the native asset.
Serum
Solana is the ideal platform for decentralized exchanges due to its fast and cheap transactions. Serum is a “permissionless” DEX and blockchain ecosystem based on Solana. By integrating all the advantages of a centralized exchange to the DeFi environment, Serum seeks to advance the status of decentralized exchanges. It is co-founded by FTX exchange CEO, Sam Bankman-Fried.
One of the few order book-style exchange-designed DEXs in the cryptocurrency sector, it may appeal to traders who would choose the user experience of centralized exchanges, like Coinbase, to that offered by automated market maker (AMM) DEXes like Uniswap.
The advantages of decentralized exchanges, such as total transparency and the security of decentralized node architecture, are also matched with these qualities (leaving no one centralized point of failure). As a result, there are no KYC requirements and users can create their own marketplaces without having to pay expensive listing costs to a centralized system.
Oxygen
With Oxygen, a DeFi Prime Brokerage Protocol, token holders can sometimes lend, borrow, earn income, and generate liquidity and trading leverage all at once.
Therefore, Oxygen users can borrow funds against those loaned assets in order to continue having money to spend or trade, as opposed to only being capable of earning interest by lending their assets, like on sites like Uniswap or Balancer, for instance.
Additionally, Oxygen makes advantage of “cross-collateralization,” which allows you to utilize every asset in your wallet as collateral. This makes it simpler to strengthen your account and lower the likelihood of liquidation, which is helpful when your debt position is approaching its liquidation threshold (when you will lose your collateral).
The Oxygen Protocol also utilizes order books, guaranteeing that lending and borrowing rates are properly determined according to the most recent market activity.
