WHAT MAKES ONYX PROTOCOL DIFFERENT?

The Onyx Protocol stands out in the world of liquidity protocols by harnessing the capabilities of decentralized smart contracts on the Ethereum blockchain. It operates exclusively through transparent and immutable smart contracts, guaranteeing that all transactions and alterations to the protocol are entirely public and immune to arbitrary changes. In contrast, some other protocols may lack this level of transparency, which can raise concerns about concealed actions.

The smart contracts of OnyxProtocol fall under the governance of Onyx, and any modifications to the protocol necessitate a successful on-chain proposal supported by Onyxcoin stakers. This governance framework ensures that protocol updates are executed with the community's consensus, safeguarding them against centralization or manipulation. Consequently, OnyxProtocol emerges as a more resilient, community-driven, and dependable lending and credit system within the decentralized finance (DeFi) ecosystem. Learn more via onyx.org