Developing and promoting a sustainable digital asset ecosystem for the future
OAX Foundation believes that the future is shaped by the work done today. Explore our vision and the work being done within this space.
About OAX
OAX Foundation set out in 2017 with the conviction that decentralized finance and digital assets would be an integral part of the future of mainstream finance and commerce. The Foundation’s deep-seated beliefs for the collaborative nature of decentralized finance has served as a basis of engagement for working with key players in the space to explore and push the potential of technology.
Our Mission
As the space evolves and the market matures to offer comparable options to those looking for alternatives from traditional financial ecosystems, the need to develop the technology and address the limitations of this new industry is imperative to its success. Such was the need to address the four main shortcomings identified by the Foundation: speed, scalability, interoperability and trust. From decentralized or centralized exchanges, to the days of ICOs and STOs and the budding seeds of DeFi, the exploration of these technologies require pioneers within the space to work together to address these challenges. OAX Foundation strives to provide support within this space, through tools, technology, applications and community support.
Blockchain Technology
From the very beginning of OAX Foundation’s inception, we’ve placed the highest regard to promoting the technology that is required for digital assets to flourish. While roadmaps and timelines constantly shift, we believe that the work often needs to be offered with transparency, ensuring that it’s being driven in the right direction and with the feedback of the community.
Link to our Github to review our open source work that has been done for OAX Layer 2 Protocol (L2X) and the feature development for parachains in the Polkadot Network.
DeFi Ecosystem Advancement
What the end goal looks like for digital assets remains unknown, and to spell it out may do a disservice of limiting its potential. OAX Foundation believes that the journey for digital assets includes DeFi and have been working to support its development.
Through working on features developing for the Polkadot Network, to working with like minded industry institutions, DeFi remains the promise of the industry, and will open doors to many future features.
Learn more about the potential of DeFi in some of our thought pieces.
Our Community and Industry Support
From attending events as speakers, evaluating proposals that may align with our vision, to sponsoring industry reports and research, OAX Foundation believes in the necessity of building a strong ecosystem for the digital asset industry.
OAX Foundation always has their door open to hear from parties that share alignment in our values and have ideas on how we can further integrate decentralization into the digital asset age.
Overarching areas that the Foundation does focus on as part of their considerations:
1) DeFi Driven Values
2) Solid Track-Record and Expertise
3) Range of OAX support (Expertise, Utility)
4) Economical Resourcing
5) Addressing Key Industry Challenges
Building Tools
As the space evolves and the market matures to offer comparable options to those looking for alternatives from traditional financial ecosystems, the need to develop the technology and address the limitations of this new industry is imperative to its success. Such was the need to address the four main shortcomings identified by the Foundation: speed, scalability, interoperability and trust. From decentralized or centralized exchanges, to the days of ICOs and STOs and the budding seeds of DeFi, the exploration of these technologies require pioneers within the space to work together to address these challenges. OAX Foundation strives to provide support within this space, through tools, technology, applications and community support.
OAX Highlights
OAX DeFi Parachain Features
Developed for the Polkadot Network based parachains, explore five features that were developed by OAX
OAX Layer 2 Protocol
Released August 2019, the Layer 2 Solution (L2X) focuses on addressing scalability, dispute resolution and more for decentralized exchanges.
OAX Community & Research
Beyond development internally, support the industry is key. Explore the work we've done with Professor Syren Johnstone in exploring regulations within this space.