Oasis Network and YuzuSwap Integrations into Rubic: Scalable, Private DeFi

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.

  • 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.

  1. The consensus layer is a scalable, high-throughput, and secure proof-of-stake consensus run by a decentralized set of validator nodes.
  2. The ParaTime layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.

Technology Highlights

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.

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.

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.

3. Buyback

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.

Overview

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.

About 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!

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