OasisDEX is a protocol that allows for the creation and trading of tokens on the Ethereum blockchain. It is designed to be decentralized and non-custodial, meaning that users have full control over their funds and trades are executed directly between users without the need for a centralized intermediary.The tokens traded on OasisDEX are the tokens used in the Multi-Collateral Dai (MCD) system. MCD is a decentralized stablecoin system that allows users to generate Dai, a stablecoin pegged to the value of the US dollar, by collateralizing their assets. These assets can include cryptocurrencies such as Ether (ETH) or other tokens approved by the MakerDAO community.OasisDEX provides a platform for users to trade these tokens in a decentralized manner. Users can create and manage their own orders, and trades are executed using smart contracts on the Ethereum blockchain. This ensures that trades are transparent, secure, and resistant to censorship.OasisDEX also includes features such as order matching, order book management, and price discovery mechanisms to facilitate efficient and fair trading. Users can access OasisDEX through a web interface or by interacting directly with the smart contracts using a compatible wallet.Overall, OasisDEX is a decentralized exchange built on the OasisDEX Protocol that enables the trade of tokens used in the Multi-Collateral Dai system. It provides a secure and transparent platform for users to trade these tokens in a decentralized manner.

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