Activity on the Oasis Network is booming: DeFi solutions, a YuzuSwap DEX and a 50k YUZU token Airdrop are inbound
The fast and scalable Oasis Network is gearing towards a jam-packed December. The leading layer-1 blockchain has several new features planned, including its first DEX, the $160 million Ecosystem Fund, and a token airdrop. You can take part in the YuzuSwap airdrop to get your hands on 50.000 YUZU tokens. They’re native to YuzuSwap, the first DEX built on Oasis.
Following the success of the Oasis Mainnet launch , the launch of Emerald, the EVM Compatible Paratime and the launch of the substantial $160 million Oasis Ecosystem Fund, Oasis Network is surging forwards.
Supported by top industry backers, Oasis is making waves in open finance and a responsible data economy. In addition, Oasis Network is scalable and ideal for DeFi due to its instant finality. It offers 99% lower gas fees versus Ethereum, high throughput, privacy protection, and defense against MEV (miner extractable value).
Oasis already has many exciting projects underway, including the CryptoSafe Alliance with Binance, privacy-first genome sequencing with Nebula Genomics, BMW and Genetica.
Furthermore, the network has a rapidly growing ecosystem of DeFi partners such as Chainlink, Balancer, BAND Meter and more. Notwithstanding, this November marked the blockchain’s entrance into a highly competitive arena: DeFi solutions and token swaps.
Oasis is achieving important milestones. Current and upcoming launches include:
- Successful network upgrade via an on-chain governance mechanism with over 85% participation
- Cipher ParaTime, a confidential Smart Contract platform to enable private DeFi and privacy DApps
- Parcel Paratime that enable data tokenization and a responsible data economy
- Emerald, the official EVM compatible ParaTime, dedicated to DeFi, NFT, and Metaverse
- YuzuSwap, the first DEX built on the Oasis network
- Two lending protocols, currently in development.
And finally…
Introducing YuzuSwap: A fair, fast and scalable DEX
YuzuSwap is the first Decentralized Exchange (DEX) built on Emerald, Oasis’ EVM Compatible ParaTime. Taking advantage of the low gas fees, high throughput, and instant finality of Emerald, it includes all the features of a DEX that the DeFi community have come to expect:
- Swapping between ETH-based and Oasis-based tokens
- Liquidity pools and pairs
- Earning YUZU for providing liquidity to pools
- A voting system for governance of the funds collected with 20% of the transactions fees
YUZU’s total token supply is capped at 500M, however–and this is crucial–there is 50,000 YUZU up for grabs in an imminent airdrop. Participate now here. Join Oasis’ Slack, Discord, or Telegram to find out more about the 50,000 YUZU Airdrop.
DeFi Success
Introducing DeFi features to a growing blockchain is a shrewd move. Plus, earning yield by providing liquidity–such as in Yuzu Pools–will undoubtedly attract attention in the fast-growing DeFi space. According to DappRadar, the DeFi ecosystem’s TVL reached $219.8 billion in October 2021, up 39% from the previous month. Plus, 93% of the industry’s TVL is concentrated on 7 blockchains, with Ethereum one of the top performers.
Ultimately, by improving collaboration with lending protocols and providing a place for new projects to crowdfund and pre-launch their tokens, YuzuSwap could become a cornerstone of the DeFi ecosystem on the Oasis Network.
Speculation aside, The Oasis Network has a thriving community of close to a thousand node operators, developers, enterprise partners and ambassadors. Ultimately, The YuzuSwap, DeFi and Airdrop will undoubtedly boost the blockchain ecosystem. Register for the Airdrop, and join their Slack, Discord, or Telegram to find out more!
Disclaimer — This is a sponsored article. DappRadar does not endorse any content or product on this page. DappRadar aims to provide accurate information, but readers should always do their own research before taking action. Articles by DappRadar can not be considered as investment advice.
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Disclaimer — This is a sponsored article. DappRadar does not endorse any content or product on this page. DappRadar aims to provide accurate information, but readers should always do their own research before taking action. Articles by DappRadar can not be considered as investment advice.
