This is the live input ASIO host which processes a sound card's input with VST effects in real-time - and could be useful for guitarists or singers, who can now use a computer as a digital effect. There is a kit of room and guitar effects included (reverb, echo, overdrive, flanger and more). You can record a sound and play with accompaniment, manage FX favourites list.
There are the kit of good effects added: echo, reverb, overdrive, eq, chorus, flanger, vibrato, wah-wah. Becides OxyLive has built-in noise gate and DC centering processor.