Onyx Protocol
  • 📖Onyx Documentation
  • ☕Getting Started
    • 🔬Networks
    • 📒Protocol Math
      • oToken and Underlying Decimals
      • Interpreting Exchange Rates
      • Calculating Accrued Interest
      • Calculating the APY Using Rate Per Block
    • 💹Gas Costs
  • 🧑‍💻OTokens
    • Mint
    • Redeem
    • Redeem Underlying
    • Borrow
    • Repay Borrow
    • Repay Borrow Behalf
    • Transfer
    • Liquidate Borrow
    • Key Events
    • Error Codes
    • Failure Info
    • Exchange Rate
    • Get Cash
    • Total Borrow
    • Borrow Balance
    • Borrow Rate
    • Total Supply
    • Underlying Balance
    • Supply Rate
    • Total Reserves
    • Reserve Factor
  • ⚙️Comptroller
    • Enter Markets
    • Exit Market
    • Get Assets In
    • Collateral Factor
    • Get Account Liquidity
    • Close Factor
    • Liquidation Incentive
    • Key Events
    • Error Codes
    • Failure Info
    • XCN Distribution Speeds
    • Claim XCN
    • Market Metadata
  • 👨‍👩‍👦Governance
    • Governor Alpha
    • Quorum Votes
    • Proposal Threshold
    • Proposal Max Operations
    • Voting Delay
    • Voting Period
    • Propose
    • Queue
    • Execute
    • Cancel
    • Get Actions
    • Get Receipt
    • State
    • Cast Vote
    • Cast Vote By Signature
    • Timelock
    • Pause Guardian
  • 🔡API
    • Basic API
      • GET: /otoken
      • GET: /market_history/graph
      • GET: /user/history
      • GET: /get_liquidators
      • GET: /get_liquidator:account
      • GET: /get_liquidator_detail:account
      • GET: /liquidator
    • GraphQL API
      • oTokens Subgraph
      • History Subgraph
      • Governance Subgraph
    • Governance API
      • GET: /proposal
      • GET: /proposal/:proposalId
      • GET: /voter/:proposalId
      • GET: /voter/accounts
      • GET: /voter/history/:address
    • Shared Data Types
  • 📖Onyx.js
    • Onyx Constructor
    • API Methods
      • Account
      • oToken
      • Market History
      • Governance
    • oToken Methods
      • Supply
      • Redeem
      • Borrow
      • Repay Borrow
    • XCN Methods
      • To Checksum Address
      • Get XCN Balance
      • Get XCN Accrued
      • Claim XCN
      • Delegate
      • Delegate By Sig
      • Create Delegate Signature
    • Comptroller Methods
      • Enter Markets
      • Exit Market
    • Ethereum Methods
      • Read
      • Trx
      • Get Balance
    • Governance Methods
      • Cast Vote
      • Cast Vote By Sig
      • Create Vote Signature
    • Price Feed Methods
      • Get Price
    • Utility Methods
      • Get Address
      • Get ABI
      • Get Network Name With Chain ID
  • 🔒Security
    • Bug Bounty Program
  • 📄Terms of Service
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Getting Started

PreviousOnyx DocumentationNextNetworks

Last updated 1 year ago

These docs are a comprehensive guide to the Onyx protocol maintained by the community.

Onyx Protocol is an algorithmic money market designed to bring secure and trustless credit and lending to users on Ethereum Network.

Onyx enables investors to lend and/or borrow cryptocurrencies, by pledging the platform an over-collateralized amount of cryptocurrency. Onyx does this by utilizing money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand of each asset.

Users who choose to supply liquidity to Onyx earn compounded interest as rewards for supplying their assets to the protocol. When supplying assets, users are also given the ability to mint stable-coins, or borrow other assets against their supplied assets. Once a user has supplied assets to Onyx, the user can then borrow assets or mint stable-coins, by over-collateralizing and paying interest on the amount borrowed.

Loans from the Onyx protocol do not have monthly payments, late fees, and can be paid off at any time. Onyx is able to do this without ever requiring a credit check, with near immediate origination, using smart contracts that provide an automated, and absolutely transparent system for investment and profit distribution.

Onyx also provides loans for CryptoPunks and BAYC. NFT holders can leverage their idle NFTs to obtain loans and earn extra yield.

Website: Twitter: Telegram: Medium: Github:

☕
https://onyx.org
https://twitter.com/OnyxProtocol
https://t.me/OnyxOrg
https://blog.onyx.org/
https://github.com/Onyx-Protocol