number of candidates, P2-type layered cathode material stands out due to its high structure stability and wide Na-ion diffusion channels in trigonal prismatic coordination. [1] Yet, its implementation in practical NIB has been largely plagued by the intrinsically low theoretical capacity solely based on the transitional metal (TM)based redox reactions. To enhance the practical capacity, various strategies have been reported, among which arising the involvement of oxygen (O) redox reaction. O redox reaction provides a much higher degree of charge compensation than that solely based on TM redox, allowing the electrode to host a larger amount of charge carriers, which has been well documented in the study of Li-ion battery (LIB) cathodes. [2-10] Inspired by the method of excessive Li doping into the TM layer with subsequent change of O orbitals in LIBs, researchers have been applying similar method in NIBs. [11-14] So far, the main strategy to trigger the O redox reaction in P2-type cathode is by the realization of Na-OX configuration, where X stands for doping of a non-TM element in the TM layer to replace TM ions. Fundamentally, the triggering of O redox using this method has been ascribed to the unique Na-OX configuration, where unhybridized oxygen 2p orbitals are relocated to a level Oxygen-redox of layer-structured metal-oxide cathodes has drawn great attention as an effective approach to break through the bottleneck of their capacity limit. However, reversible oxygen-redox can only be obtained in the high-voltage region (usually over 3.5 V) in current metal-oxide cathodes. Here, we realize reversible oxygen-redox in a wide voltage range of 1.5-4.5 V in a P2-layered Na 0.7 Mg 0.2 [Fe 0.2 Mn 0.6 □ 0.2 ]O 2 cathode material, where intrinsic vacancies are located in transition-metal (TM) sites and Mg-ions are located in Na sites. Mg-ions in the Na layer serve as "pillars" to stabilize the layered structure during electrochemical cycling, especially in the high-voltage region. Intrinsic vacancies in the TM layer create the local configurations of "□-O-□", "Na-O-□" and "Mg-O-□" to trigger oxygen-redox in the whole voltage range of charge-discharge. Time-resolved techniques demonstrate that the P2 phase is well maintained in a wide potential window range of 1.5-4.5 V even at 10 C. It is revealed that charge compensation from Mn-and O-ions contributes to the whole voltage range of 1.5-4.5 V, while the redox of Fe-ions only contributes to the high-voltage region of 3.0-4.5 V. The orphaned electrons in the nonbonding 2p orbitals of O that point toward TM-vacancy sites are responsible for reversible oxygen-redox, and Mg-ions in Na sites suppress oxygen release effectively.