The Oasis Network is a layer one, Proof of Stake platform that enables the tokenization of data, which will give ownership of data back to individuals. The Oasis Network is built with three key principles in mind:
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Stake your ROSE tokens in a few clicks by following these steps:
Oasis explorer:
Figment has developed the Oasis Hubble explorer.
Oasis wallet:
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: 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.
Good question!
In short: locked ROSE can be staked to earn ~20% annually in ROSE
Initially, the ROSE token is being staked to earn new issuance ("inflationary") subsidies. That 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 that 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.
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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.
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.
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.
Figment has partnerships with a number of top-in-class custodians: support@figment.io
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.
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 tokens and your validator will be permanently removed.
There will be no slashing for validator downtime.
Income earned by delegators is automatically added to their existing stake, which means:
Payouts are handled automatically by the protocol and are regularly distributed.
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.
The Oasis network began with a meritocratic, consensus-based community decision-making process (that you can read about here), but is migrating to on-chain governance.
Figment is the world’s leading provider of blockchain infrastructure. We provide the most comprehensive staking solution for our over 200+ institutional clients including exchanges, wallets, foundations, custodians, and large token holders to earn rewards on their crypto assets.
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