Oilz.Finance- The First DeFi Bank Holding Company

Adja Hadaban
4 min readMar 21, 2022

Oilz.Finance is the first DeFi Bank Holding Company that provides services to other DeFi Companies, like Staking & Lending companies, Derivative companies, Blockchain and Crypto Mining companies, Bond companies and many more. Oilz.Finance OAP gives the Oilz.Finance token automatic staking and compounding features, and the highest Fixed APY in the market at 498,249% for the first 12 months.

Oilz.Finance

$OILZ is the native token which interest rebase rewards are paid. Every token holder automatically receives 0.0243% interest every 15 minutes just for holding $OILZ tokens in their own wallet!
$OILZ is not an investment, it is a community driven financial product which represents an ownership stake in the Oilz Network and the Oilz Asset Base.
The Oilz Finance Network is the first DeFi bank holding company, combining both traditional and decentralized finance products on one platform.

OILZ.Finance Auto-Liquidity Engine ( OALE )
$OilZ tokens can be purchased and sold on PancakeSwap thanks to the high level of market liquidity.

Liquidity can be thought of as a large sum of money divided equally between $OilZ tokens and $BNB tokens. The amount of $OilZ you can get with BNB is determined by a fixed conversion ratio, for example: 1 BNB = 89.86 OilZ. per unit.
As the price of one OilZ rises, so does the above ratio, which takes this into consideration. For purchases, the opposite is true.
When there is a lack of liquidity, it is difficult to buy and sell OilZ/BNB at a good price, so our OilZ.Finance Auto-Liquidity Engine (OALE) solves this problem by bringing in more money/liquidity into that pool.

OALE’s Auto-Liquidity Engine (OALE) works as follows:
The OilZ.Finance Auto-Liquidity Engine (OALE) will automatically inject liquidity into the market every 48 hours at 22:52:48 UTC time. Our protocol’s smart contract includes a mechanism that takes half of the OilZ in the wallet and automatically buys BNB at the current market price, with a tax fee of 2% applied to purchases and 5% applied to sales. This tax fee is automatically stored in an Auto-LP wallet.

There will be a 50/50 weighting of OilZ/BNB in the Auto-LP wallet so that new liquidity can be automatically added to the market pair and increased liquidity in the pool using the remaining 50% of OilZ. OilZ in the Auto-LP wallet.

$OilZ token holders will be able to quickly and easily sell their tokens at any time with little or no market slippage thanks to the OALE. It will also help to ensure that the APY is maintained throughout the life of OilZ.

MARCH 18, 2022: The above text has been updated to include the current time, 22:52:48.

OILZ Buy & Sell Fees
The OAP’s buy and sell fees are critical to its success. The protocol relies on their financial support to carry out essential tasks.

We believe that selling bonds to support the same functions as OilZ fees is a riskier approach because if bonds are not purchased, the token can lose its support and In many of these bond-based protocols, the price has spiraled downward.

Token holders must pay a fee when they sell their bonds. Reducing or eliminating stable annual percentage yields (APY) will have an impact on how much money can be deposited into an account.

$OilZ holders can expect a stable annual return of 498,249 percent thanks to the high fees (11 percent for buys and 18 percent for sells).
High fees also help OilZ, as it is the only token that gains when whales dump, because the fees collected support $OilZ holders.

Utility of $OILZ Trading Fees
1. Location and Usefulness of $OilZ Transaction Fees:
Buy Trading Fees:
LP: 2%
IFV: 4%
Treasury: 2%
The Defenders: 3%
Sell Trading Fees:
LP: 5%
IFV: 4%
Treasury: 6%
The Defenders: 3%

2. Placement
-LP — In order to keep the value of $OilZ as a collateral steadily increasing, the BNB/OilZ pair on PancakeSwap is backed by the trading fees from each transaction.

-IFV — Staking rewards provided by a positive rebase are supported by the OilZ Insurance Fund, which holds trading fees.

-Treasury — The treasury funds the IFV, OilZ’s marketing budget, and new product development through trading fees.

-The Defenders — 3% of all $OilZ traded are burnt in The Defenders. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $OilZ and keeping the OilZ protocol stable.

Conclusion
With the introduction of $OILZ, holders can now be apart of the first DEFi bank holding company in history, and benefit from the ability to generate passive daily income. Whether you are a HODLer, or a trader, we believe we have created an investment opportunity unlike any other available. We will transparently publish regular updates on the success of DEFi bank, and token holders will be invited to provide feedback at every stage of finalizing the offering.

For More information

Website: https://oilz.finance/

Telegram ann: https://t.me/OilZFinanceAnn

Twitter: https://mobile.twitter.com/OilzFinance

Telegram chat: https://t.me/OilZFinanceChat

Author:

Bitcointalk Username: ManuelaFoerster29

BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3401403

Telegram Username: @manuelafoerster29

BEP-20 Wallet address: 0x0f6A7379641176C2Ff7cbA438f14d3af074C1c3F

#Defiyield#DefiProject#BSC#Defi#OilzFinance

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