Oasis Network and YuzuSwap Integrations into Rubic: Scalable, Private DeFi
Oasis Network, a privacy-enabled and scalable Layer 1 blockchain network propelling Web3 forward, has recently become a part of Rubic’s ecosystem with YuzuSwap as an accompanying DEX. We’re pleased to update our list of 23 blockchains available for cross-chain and on-chain swaps, and to continue delivering on our promise to expand our ecosystem and infrastructure much further.
What is YuzuSwap? What’s behind Oasis blockchains, and how will it contribute to Rubic’s growth? Read more in our article!
Oasis Network and Rubic
The Oasis Network was integrated into Rubic.exchange through Multichain as a provider. A DEX conducting swaps from and to Oasis is YuzuSwap (also integrated into Rubic), an open, safe, and fair ecosystem with high composability.
Now, users can swap BIFI, LINK, and BETS tokens (depending on the chain) across 15 other blockchains: Ethereum, BSC, Polygon, Avalanche, Fantom, Telos, Moonbeam, Moonriver, Cronos, Kava, Metis, Optimism, Arbitrum, Fuse, and Celo.
This integration has also brought the ROSE token to the Rubic Platform, where it’s available for on-chain swaps on the Oasis network. ROSE is a cryptocurrency that powers the Oasis Protocol — it is used to pay for transaction fees and for staking to validate the Oasis Protocol’s proof of stake blockchain.
Let’s explore the Oasis Network in numbers:
- Oasis Market Cap: $232.9M
- Trading Volume: $20,757,019
- Volume (24h): $15.9M
- Circulating Supply: 5.03B ROSE
What is the Oasis Blockchain?
The Oasis Network is a Layer 1 decentralized blockchain network designed to be uniquely scalable, privacy-first, and versatile.
The Network has two main architectural components, the consensus layer and the ParaTime layer.
- The consensus layer is a scalable, high-throughput, and secure proof-of-stake consensus run by a decentralized set of validator nodes.
- The ParaTime layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.
Scalability and suitability for DeFi are considered the two major advantages of the Oasis Network. Those can be explained by the following features of Oasis’ technology.
- Separates consensus and execution into two layers — the consensus layer and the ParaTime layer — increasing scalability and versatility.
- Separation of consensus and execution allows multiple ParaTimes to process transactions in parallel, meaning complex workloads processed on one ParaTime won’t slow down faster, simpler transactions on another.
- The ParaTime layer is entirely decentralized, allowing anyone to develop and build their own ParaTime. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential compute, open or closed committees, and more.
- The network’s sophisticated discrepancy detection makes Oasis more efficient than sharding and parachains — requiring a smaller replication factor for the same level of security.
The network has broad support for confidential computing technology. The Oasis Eth/WASI Runtime is an open source example of a confidential ParaTime that uses secure enclaves to keep data private while being processed.
Oasis Network Advantages
Privacy-Enabled Blockchain: The Oasis Network is the world’s leading scalable, privacy-enabled blockchain. ParaTimes on the Oasis Network can leverage privacy-preserving technology, enabling users to share their data to earn income while keeping it totally confidential, unlocking new Web 3 use cases like digital identity and private metaverse applications for the blockchain.
Scalable, Private DeFi: The DeFi market is still in its infancy, with trillions of dollars in existing financial markets ready to enter the space. The expansion of DeFi is limited by a lack of privacy, security, as well as high fees. The result is an overloaded and expensive system that’s impossible to scale. The Oasis Network is a Layer 1 blockchain that can expand DeFi beyond early adopters into mass-market adoption.
Enables Data Tokenization: The Oasis Network can Tokenize Data. This will unlock game-changing use cases for the blockchain, with an entirely new ecosystem of apps and projects on the network, powering the next generation of privacy-first applications that reward users for the value they create.
Rapidly-Growing Community: The Oasis Network has a thriving community of node operators, developers, enterprise partners, ambassadors, and community members engaged in global social channels.
Top-Tier Team: The Oasis Team is made up of top talent, from around the world, with backgrounds from Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, Harvard, and more. All the core engineering team are PHD level educated and all committed to growing and expanding the impact of the Oasis Network.
The network’s cutting-edge scalability features can help unblock DeFi as it works today, fixing the high-transaction fees and slow throughput currently plaguing other Layer 1 networks. Combined, Oasis’ unique ability to provide scalable, private DeFi is expected to make it the leading platform for unlocking the next generation of DeFi markets and use cases.
What is Yuzu Swap?
Slowly, we have come to one more integrated project that will conduct swapping to and from Oasis network. YuzuSwap is a decentralized exchange on the Oasis Emerald paratime that includes incentives like liquidity and trade mining. YuzuSwap follows a non-custodial, peer-to-peer, automated-market-maker model, and aims to provide a safe, swift, low-cost tool to discover and swap tokens within the Oasis ecosystem.
Yuzu Swap: Core Features
Let’s have a look at the key pillars of Yuzu Swap, and what pushes it further than its competition.
1. Fair Launch
There was no pre-mine. All tokens are mined block by block from the genesis. This includes team/foundation/investor tokens! Additionally, the amount of tokens mined in each block will halve every year.
2. Trade Once, Mine Forever
YuzuSwap’s trade mining mechanism is designed based on a TPST (trading pool share token). Once users trade in incentivized trading pairs, they will get a balance in TPST, similar to LPT (liquidity provider token) as their evidence of trading. They will receive the trade mining token in each block according to the share of TPST. If the user does not claim the trade mining rewards, TPST balance will always be there and mine in each block until the user chooses to claim the trade mining rewards, after which the TPST balance will reset to zero.
Of the 0.3% transaction fee, 80% will go to the buyback smart contract. This contract will trigger buying YUZU token action if the price of it drops below the 72 hour average. So the more transaction fees accumulated, the healthier YUZU’s token price will be.
4. DAO Vault
The other 20% of the transaction fees will go to the DAO vault. The usage of the DAO vault will be voted on by YUZU token holders. Possible uses include to incentivize developers to develop tools for YuzuSwap, co-invest in other projects on Oasis, purchase insurance for YuzuSwap, and so forth.
5. Infinitely Extensible
YuzuSwap is able to be integrated into any projects on Oasis. For instance: users could collateralize their LPT (liquidity provider token) on the upcoming lending protocol on Oasis and regain their liquidity. Alternatively, they can also borrow LPT from the lending protocol to mine YUZU without the concern of potential impermanent loss. The DAO vault may opt to purchase insurance for pools on YuzuSwap, so even if unexpected incidents happen, those pools will be covered by insurance. Promising new projects on Oasis could apply for IDO/IFO on YuzuSwap, and it will be a great way to raise fund for projects from the community. Users with YUZU tokens will vote for which project may go live on the IDO/IFO launchpad, whether or not to allocate mining pool to the new token, and what percentage of the mining pool will be allocated to the new token, etc.
Designed for the next generation of blockchains, the Oasis Network is the first privacy-enabled blockchain platform built to scale for open finance, a responsible data economy, and Web3. Combined with its high throughput and secure architecture, the Oasis Network will power private, scalable DeFi, have sustainable infrastructure for building various projects with improved pillars, and Yuzu Swap is one of them.
The Oasis Network and Yuzu Swap have thriving communities of node operators, developers, enterprise partners, ambassadors, investors, and community members engaged in global social channels. We are happy to get Oasis and Yuzu Swap on board at Rubic.
Rubic is a One-Click Cross-Chain Aggregator which allows users to swap any of 15,500+ tokens, on and between 22 blockchains and receive the best rates from all leading trading providers. Rubic includes On-Chain & Cross-Chain swaps for Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Gnosis, Fuse, Celo, Optimism, Moonbeam, OKC, Boba, Tron, Moonriver, Cronos, and Bitcoin; with seamless fiat on-ramps and more!
Rubic provides the tools for crypto projects to become fully interoperable between blockchains, with an easy-to-install widget and a fully-customizable SDK. Rubic is already servicing more than 90 projects! Installation of Rubic’s SDK or Widget unlocks DeFi for any project, with access to over 15,500+ tokens across 22 blockchains, all available right on your website or inside your app.
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