Oasis Network is a Layer-1, Proof-of-Stake blockchain that enables private smart contracts, high scalability, and data tokenization. The network is separated into two main components to preserve data privacy and confidentiality of transactions – the Consensus Layer and the ParaTime (execution) Layer. Oasis Network prioritizes applications and unlocks new use-cases that promote data privacy and user confidentiality. Combined with its high throughput and secure architecture, the Oasis Network gained notoriety for its confidential computation tech that sits at the core of the ecosystem. The Oasis Foundation, an organization that promotes development on the Oasis Network, has launched a $160 million ecosystem fund to attract new developers to the Oasis Network to build the next generation of decentralized applications.
*Stated Annual Percentage Reward (APR) is estimated based on reported network data. APR stated is not guaranteed and may fluctuate overtime.
Learn More About Oasis
What is Oasis (ROSE), and what is it used for?
ROSE, the underlying token behind Oasis built using Cosmos Tendermint, is used for staking and delegating on Oasis’ Proof-of-Stake network. ROSE is primarily used to power smart contracts that focus on privacy preservation and confidentiality.
What are Oasis staking rewards?
Staking rewards in the form of native blockchain tokens (ROSE) are distributed to validators for locking up their cryptocurrencies to a blockchain network to support validator node’s participation in the consensus mechanism and securing the network for a period of time. Refer to the data above for the latest Oasis staking reward figures.
What are the costs of staking Oasis?
StakeSeeker charges a small percentage-based fee (stated above) allocated towards the administerial 24/7 maintenance and monitoring of our staking infrastructure required to operate our validators effectively and securely. The rewards distributed to our community will be a net of the validator fee charged.
Is staking Oasis secure?
When ROSE is staked, it’s actually being delegated to a validator. In our case, StakeSeeker facilitates the role of the validator. Similar to staking tokens on any other protocol, staking ROSE comes with certain risks. If any downtime is experienced, or if a validator misses another part of the necessary requirements, then a percentage of the staked ROSE can be lost as a penalty (known as “slashing”). StakeSeeker monitors its nodes 24/7 and has an excellent track record that minimizes these risks.
What are the current use cases of Oasis?
Oasis’ primary use cases focus on privacy preservation and confidentiality. As such, it is used across automated market makers, and lending.
How long does it take to unstake Oasis?
Unstaking (also called unbonding or undelegating) can be initiated at any time. However, it takes approximately 14 days for your ROSE to unstake from the network and become transferable. During this time, you will not earn rewards. When the process is complete, you regain the ability to transfer/trade your ROSE tokens.
What is the minimum amount of Oasis to stake?
You can stake as little as 100 ROSE, but remember to keep some ROSE token unstaked in your wallet to pay for any potential future transaction fees.
What are the risks of staking Oasis?
Like many blockchain protocols, the consensus mechanism used by Oasis includes a slashing mechanism whereby any validator that misses too many blocks or double signs a block is penalized by the network, slashing the staked amount on that validator. StakeSeeker is run by Nasdaq listed BTCS Inc. which has its own tokens staked on the same validator nodes, so we are highly incentivized to minimize these risks and maximize our staking reward. However, delegators should be cognizant of these risks.
How do I get started staking Oasis?
To begin staking Oasis, click the “Start Staking” button at the top right, create an account with StakeSeeker and gain access to the platform’s crypto portfolio insights. Then, you can begin staking with our validator nodes by delegating your tokens. Within the platform, there are instructions and tutorials on how to link your crypto exchange accounts and digital wallets and how to navigate the platform’s tools. You can view our supported blockchain networks for staking on our homepage.
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