AN OVERVIEW OF THE OASIS ECOSYSTEM
TABLE OF CONTENTS
- Oasis Network Overview
- The Oasis $ROSE native Asset
- The Oasis(Ecosystem)
- Conclusion
OVERVIEW OF OASIS
Oasis homepage
Oasis is a Layer 1 privacy-themed blockchain built using the Cosmos SDK.
Oasis focuses on data privacy for its users across its Defi applications while maintaining speed, scalability, and low gas fees. One of the key features of the Oasis blockchain is in its data tokenization where users can earn rewards by allowing protocols to use their data.
Data tokenization is a key feature of web3 and one of the reasons why most people are against web2 is the lack of an incentive structure that rewards users for using their data and for the Oasis network to bring both privacy and tokenization make it a big dog for web3 applications.
The Oasis blockchain is a Byzantine Fault Tolerant(BFT) Proof of Stake blockchain that runs parallel smart contract layers using the ParaTime scaling architecture which supports fast transaction speed, high scalability, and large workloads by separating the execution from the consensus. This approach is said to be faster than most sidechains and the Polkadot parachains.
Oasis is also Interoperable. Aside from being built with the Cosmos SDK which supports the IBC protocol(Inter Blockchain Communication) it also supports communication across its ParaTimes, thus, heightening interoperability across various external blockchains and internal protocols.
The ROSE coin is the native asset of the Oasis blockchain. It allows users stake to earn passive income, pay transaction fees, and serves as the governance token for the Oasis.
The maximum supply of $ROSE is 10billion coins which are distributed as in the image below and according to the Oasis foundation is subject to change.
Rose token allocation
With an initial release of 1.5B $ROSE into circulation and a current circulation of 3.49B ROSE, the vesting schedule for the next 10 years is represented in the graph below.
Rose vesting Schedule
Oasis Blochain architecture
The Oasis blockchain consists of two layers
- The Consensus Layer
- The ParaTime Layer
It all begins with the Paratime layer which processes transactions in parallel and goes on to submit them on the Consensus layer. The paratime layer is decentralized and interoperable and anyone can create a paratime.
THE OASIS(ECOSYSTEM)
There are not many decentralized applications built on the Oasis network and DEFI is just getting started on Oasis with just $82.02M in TVL(total value locked).
The first DEX (YuzuSwap) on the Oasis launched this 2022 and attracted over $100M in TVL which is a good sign for the Oasis network.
The most popular Dapp on Oasis is Yuzuswap
Yuzuswap is a high composability dex built on the Oasis network. With the highest liquidity on the network, Yuzuswap has a dominance of 94.16% according to defillama.
Other projects on Oasis include
Fun Facts
- Binance backs Oasis with a $200M ecosystem fund.
- According to Messari, Oasis is one of the most held projects by crypto funds and has the most viable partnerships in crypto with Meta, BMW, and Binance on their side.
- FTX is the best place to buy ROSE (Zero withdrawal fees and the lowest maker fees).
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Disclaimer: This is educational content for Fundamental Analysis purposes and NOTHING in this publication should be considered Financial Advise.
