What is Onyx? 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. 

oTokens oTokens are the primary means of interacting with the Onyx Protocol; when a user mints, redeems, borrows, repays a borrow, liquidates a borrow, or transfers oTokens, she will do so using the oToken contract.

Onyx Governance The Onyx protocol is governed and upgraded by XCN token-holders, using four distinct components; the XCN token, staking, governance module (Governor Alpha), and Timelock.

Onyx is controlled and operated by 11,010 Onyxcoin (XCN) holders and is fully decentralized.

$498,361.93 of borrowing backed by $1,669,958.62 of collateral market