OIP: Expanding Onyx Markets to Support More Assets

OIP: Expanding Onyx Markets to Support More Assets

To enhance liquidity and attract a broader user base, Onyx should enable markets for additional cryptocurrencies across multiple chains. Expanding asset support will increase borrowing/lending opportunities and improve the platform’s competitiveness in the DeFi ecosystem.

Proposal Highlights:

  1. Multi-Asset Market Expansion:
  • Add support for major assets like SOL, AVAX, MATIC, BNB, DOT, LINK, and stablecoins (DAI, USDC, USDT).
  • Integrate governance tokens from top DeFi projects to increase engagement.
  1. Risk-Adjusted Collateral Framework:
  • Implement a risk-based approach for collateral factors (e.g., lower LTV for volatile assets).
  • Use on-chain oracles (e.g., Chainlink) for accurate price feeds.
  1. Cross-Chain Liquidity Pools:
  • Enable users to supply assets on one chain (Ethereum) and borrow on another (BSC, Polygon, Arbitrum).
  • Use a bridge mechanism to facilitate smooth transfers.
  1. Incentives & Yield Boosting:
  • Offer staking rewards for newly added markets.
  • Provide bonus APY to incentivize liquidity providers.

By enabling diverse crypto markets, Onyx can become a more inclusive and scalable lending protocol, attracting a wider range of users and increasing platform TVL.

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I really miss the onyx market . its been missing from a long time after the hack . Hope devs and whales are thinking over it to bring OIP over it . Thats a great way to bring the Volume back on onyx

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@OnyxDAO @VtOnyx Any plan of bringing back the onyx market ?

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May market is getting back on Onyx Ledger chain with Goliath Mainnet

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Correct Bring back BTC and other major caps

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