What is Oasis?
Founded by Matt Mireles in 2016 , Oasis Borrow is a digital platform for creating, saving, and exchanging Dai, the world's first decentralized stable coin, which consists of three services: Borrow, Trade, and Save. Operators can produce Dai by securing collateral with the Multi-Collateral Dai Maker, which uses oracles to automatically determine the market price and provides a "max Dai Debt" figure, which represents the maximum amount of Dai that can be borrowed from the loan.
Oasis Borrow is the main point of entry for users that want to use the Maker protocol. Users can generate (borrow) Dai, the world's first user-created, unbiased money and leading decentralized, asset-backed stablecoin, through the Oasis.app platform.
Dai has a stable value that is gently tied to the US dollar and is totally decentralized, making it accessible to anybody, wherever. These and other blockchain advantages allow Dai to expand the power of traditional currency: it may be freely sent to others, used to pay for products and services, or saved in a smart contract.
The digital platform allows users to borrow Dai against any Maker-compatible collateral, such as ETH, WBTC, and a variety of other cryptocurrencies.
Oasis Borrow is a totally free service. To pay for gas expenses, which are part of the Ethereum Network, users must have ETH. All Vaults are charged a stability fee (link to stability fee KB) by the Maker protocol; this money is paid to the Maker protocol, not to Oasis.app, and should be considered when borrowing Dai.
