Oasis
Layer 1 Protocol, Oasis Ecosystem
Oasis is a layer-1 protocol that offers confidential smart contracts thanks to a type of secure computing technology called TEE (Trusted Execution Environment). TEE allows information inside of black-boxes to remain confidential, and it's never shared with node operations or application developers.
Oasis also uses the native Oasis Eth/WASI ParaTime, a type of confidential computational method. However, this is a customizable feature, and other developers can use Zero-Knowledge proofs, HE, or other techniques to secure support secure, confidential computation. Private verification opens the door for the Oasis blockchain to host private personal information, like personal data or health information.
APY | ~10% |
Compounding | automatic or manual |
Reward Distribution Period | Each epoch (each hour) |
Unbonding Period | 14 Days |
Validator Self-Bond Requirement | 100 ROSE |
Inflation | None |
Figment Validator Address | oasis1qzthup6qts0k689z2wy84yvk9ctnht66eyxl7268 |
Recommended Wallet |
Double Signing | 100 ROSE, Validator is permanently removed from the set |
Downtime | No Slashing, missed rewards |
Stakers only receive rewards in each epoch (ie. each hour) if their validator signs at least 75% of blocks within that epoch.
If you're ready to stake, the easiest way to participate is with your Ledger hardware device. If you are using a third-party custody solution or would like an introduction, contact [email protected] If you have more questions before staking, we have likely answered your questions below.
Head to Chorus One's Anthem and use your Ledger hardware device to log in. Connect to the Oasis network.
Verify your available balance, and then click the 'Stake' button.
Select 'Choose Validator' and search for the Figment validator. If you can't find us, this is our address:
oasis1qzthup6qts0k689z2wy84yvk9ctnht66eyxl7268
Enter the number of ROSE tokens you plan to stake and delegate. Note that you should keep at least 5 ROSE for transaction fees. Then click the 'Generate My Transaction' button and finalize the delegation with your Ledger device.
Oasis explorer:
Oasis wallet:
- 1.
- 2.
In short: Nov 18, 2020
We expect both ROSE staking and transfers to begin November 18, 2020 at 16:00 UTC. This process was proposed by the Oasis Foundation after mainnet beta had been stable for 10 days.
In short: ROSE
The Oasis network’s native token, ROSE, is used to stake and to pay for transaction fees. You can read more about ROSE here.
In short: locked ROSE can be staked to earn 20% annually in ROSE
Stakers are expected to earn newly-issued ROSE tokens. 2B of the 10B fixed supply will be used to reward staking, and stakers can expect a yearly rate of 20% rewards for their stake for the first six months of Oasis mainnet. For the next six months the rate will be 16%. You can read more about the token economics here.
You will be able to self-custody your Oasis ROSE tokens, ideally using a Ledger hardware wallet. Instructions for using your Ledger wallet with Oasis can be found here.
The Oasis protocol takes control of your ROSE tokens while you are staking. If you unbond your tokens, this process will take 14 days before the protocol returns your tokens to you. While your ROSE are staked, you will earn staking rewards.
In short: 14 days
From the moment you initiate the unbonding process, it takes 14 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your ROSE tokens.
Yes, a portion of your staked ROSE can be destroyed.
If you delegate to a validator that signs the same block twice with the same key, you will lose 100 of your delegated ROSE tokens and the validator you have delegated to will be permanently removed.
There will be no slashing for validator downtime.
In short: yes, if your validator does not perform adequately or safely
Stakers will only receive rewards in each epoch (ie. each hour) if their validator signs at least 75% of blocks within that epoch.
A validator removed from the active set will no longer be earning its delegators any rewards. This happens when the validator that commits a safety violation (ie. equivocation, also known as double-signing), and if this happens, you will need to delegate to a new validator to resume earning rewards.
Oasis will have a fixed supply, so there will be no new issuance ROSE, only newly distributed ROSE. Initially the network will launch with 1.5B tokens and will not exceed 10B. You can read more about ROSE distribution here.
In short: off-chain
The Oasis network with use meritocratic, consensus-based community decision-making. You can read about Oasis governance process here.
Currently, for a proposal to pass:
- At least 75% of the voting power needs to cast vote on the upgrade proposal for the result to be valid.
- At least 90% of the votes need to be yes votes for a proposal to be accepted.
With the 22.0 upgrade coming April 2022, the upgrade will replace this model with one where the percentage of yes votes is representative of the total voting power in order for a governance proposal to pass. This means that all validators will have to vote on governance proposals, and majority of yes votes have to come from the majority of % staked voting for a proposal to pass.
Oasis Protocol is building out its ecosystem via a grants program which provides eligible projects up to $50.000 USD in ROSE tokens. On top of that Oasis has set up a $200 Million USD ecosystem fund with a focus on projects in the following spaces: NFTs, DeFi, Metaverse, Data Tokenization.
What is staking?
On a Proof of Stake blockchain, staking is the act of depositing tokens into a smart contract on the chain in order to become a validator; thus, participating in proposing and attesting to transaction blocks. Anyone with a minimum necessary token balance can validate transactions and earn staking rewards on these blockchains.
What is the name of the asset being staked?
The Oasis network's native token, ROSE, is used to stake and to pay for transaction fees.
Where can I explore the network and create a Oasis wallet?
Oasis explorer:
Oasis wallet:
- 1.
- 2.
- 3.
Why Stake ROSE?
Initially, the ROSE token is staked to earn new issuance ("inflationary") subsidies. It means that the ROSE supply will increase and stakers will capture the newly issued ROSE. Initially, stakers earned around 20% annualized for the first six months on staked ROSE, but it is scheduled to change.
2B of the 10B fixed supply will be used to reward staking. You can read more about the token economics here.
Stakers will also capture fees from network transactions, so as Oasis transaction volume increases, ROSE stakers will earn more than just new issuance subsidies. The ROSE token will also give stakers the right to vote on policy decisions for how the Oasis protocol will operate.
How long does it take to unstake?
From the moment you initiate the unbonding process, it takes 14 days to unstake. During this time you will not earn rewards. Once the process is complete, you can transfer/trade your ROSE tokens.
When are staking rewards and transfers enabled?
Staking rewards and transfers are currently enabled. This process was proposed by the Oasis Foundation after mainnet beta had been stable for 10 days.
How is staking income disbursed? Is staking income liquid or automatically staked?
Income earned by delegators is automatically added to their existing stake, which means:
- 1.Staking income will compound (ie. earning rewards on rewards).
- 2.It will take 14 days to withdraw any staking income.
Payouts are handled automatically by the protocol and are regularly distributed.
Can I lose potential staking rewards?
Stakers will only receive rewards in each epoch (ie. each hour) if their validator signs at least 75% of blocks within that epoch.
A validator removed from the active set will no longer earn its delegators any rewards. This happens when the validator commits a safety violation (ie. equivocation, also known as double-signing), and if this happens, you will need to delegate to a new validator to resume earning rewards.
Can my staked ROSE be slashed (seized or destroyed)?
Yes, a portion of your staked ROSE can be reclaimed. If you delegate to a validator that signs the same block twice with the same key, you will lose 100 of your delegated tokens and your validator will be permanently removed. There will be no slashing for validator downtime. Those tokens will go back to the community pool.
Figment insures our clients from slashing and has never had a slashing event.
What is the rate of new issuance (aka "annual inflation") for ROSE? How does the token supply change?
Oasis will have a fixed supply, so there will be no new issuance of ROSE, only newly distributed ROSE. Initially the network will launch with 1.5B tokens and will not exceed 10B. You can read more about ROSE distribution here.
What affects future yields?
The 23.5% of tokens at launch were set aside for staking rewards and delegators will continue to earn inflationary rewards until 2028. After this date, the rewards will be created from transaction fees on the network. Depending on the adoption rate of this network, rewards will vary.
Do I maintain custody of my ROSE tokens? Who or what controls my staked ROSE token?
Figment has partnerships with a number of top-in-class custodians. Please contact [email protected] for more inquiries. The Oasis protocol takes control of your ROSE tokens while you are staking. If you unbond your tokens, this process will take 14 days before the protocol returns your tokens to you. While your ROSE tokens are staked, you will earn staking rewards.
How are decisions about Oasis protocol made and executed?
With the 22.0 upgrade coming April 2022, the upgrade will replace this model with one where the percentage of yes votes is representative of the total voting power in order for a governance proposal to pass. This means that all validators will have to vote on governance proposals, and majority of yes votes have to come from the majority of % staked voting for a proposal to pass.
Last modified 5mo ago