The Future of Oasis.app
MakerDAO to be fully decentralized, while Oazo is taking over oasis.app
As per the initial plan, The Maker Protocol is getting closer and closer towards full decentralization, becoming totally censorship resistant and community controlled. Indeed, we are happily seeing the birth and approval of several Core Units which will allow the Maker Protocol to continue to grow and function effectively.
As part of this fascinating process, Oasis.app, the frontend app built by the Maker Foundation to facilitate the interaction with Maker Protocol, will be managed and taken over, as of June 1st 2021, by a newly formed company: Oazo Apps Limited, based in the United Kingdom.
What is Oasis?
To refresh your mind, through Oasis.app, the Maker Protocol enables the generation of Dai, the world’s first user-created, unbiased currency and leading decentralized, asset-backed stablecoin. Dai has a stable price and lives completely on the blockchain, making it borderless and available to anyone, anywhere. These and other blockchain benefits allow Dai to extend the power of traditional currency: it can be freely sent to others, used as payments for goods and services, or locked in a smart contract to earn savings.
Today there is more than 4.5 billion Dai in circulation, generated with the 33 available collateral types including ETH and WBTC, among others. With Oasis Borrow’s renewed UI, launched one month ago, it is easy for everyone to create Vaults and manage them, contributing to the Dai supply.
What will change with Oasis?
Day to day, very little will change! Oazo is made up of more than 15 former Foundation Employees/Contractors who have been working full-time on Oasis up until now. Also, although Oasis is moving to a new entity away from the Foundation, it makes a promise to the Maker Community that access to the Maker Protocol via Oasis.app will always be open and free for all, and the Maker Protocol will remain the beating heart of Oasis.app in the future.
The team behind Oazo will also work tirelessly to ensure Oasis.app, including Oasis Borrow, remains the most trusted entry point to the Maker Protocol. Looking ahead, the plan includes aggressively improving the app, by focusing on user experience and adding additional features, including access to the broader DeFi ecosystem, as is often requested by users.
There will be much more announced over the next few weeks on the future plans and how we are looking for the community to play a vital role in helping shape the future direction of Oasis.
“It’s a really exciting day for everyone associated with Oasis and taking it into a new entity. Our long term mission is for it to be the most trusted app in DeFi for capital deployment. We are still in the early days of the transition and right now our focus is on assuring that the handover of the development and maintenance of Oasis.app from the Foundation runs smoothly. Going forward, we expect to announce much more on our plans and participate actively in the governance discussions, to help as much as we can so that the Maker Protocol stays at the forefront of DeFi by providing a user voice and supporting the new features that will be added to the protocol.” - Chris Bradbury, Oazo CEO
Where can you find the Oasis team?
From today, if you want to speak with the team, or get any support, you can find the team on our new Discord server dedicated to Oasis.app. We will also be keeping our blog much more up to date, and you can continue to interact with us on Twitter. And of course, you’ll still see us hanging around the Maker Rocket.Chat space.
To learn more about Oazo Apps visit:
2 June 2021