The fast and privacy-first Oasis Network is gearing towards a jam-packed November. The Ethereum compatible blockchain has several new features planned, including its first DEX, DeFi solutions and a token airdrop. From 8th November, Oasis Network users can take part in an airdrop to get their hands on 50.000 YUZU tokens, native to the Yuzu DEX built on Oasis.
Following the success of the Oasis Mainnet launch, Oasis Network is surging ahead in open finance and a responsible data economy. While the mainnet launch was the beginning of a new era of scalable, private blockchain networks that could revolutionize DeFi and tokenize data; November will see fast-growing, user-centric features that bring DeFi features to the community.
The Oasis Network
Oasis is a fast, extensible, and consumer-centric blockchain. The network puts privacy at the forefront of the data marketplace, making it easy to share personal data in a nuanced and deliberate way. For example, blockchains could integrate ID numbers and health information allowing for proper management of personal data. Frankly, in light of centralized server hacks in recent years, the need to privatize personal information has never been stronger.
The implications of being able to properly manage private IDs and information are profound and wide-reaching. As a result, Oasis already has many exciting projects underway, including the CryptoSafe Alliance with Binance, privacy-first genome sequencing with Nebula Genomics and a Fortune 500 Healthcare company.
Furthermore, the Network has a rapidly growing ecosystem of DeFi partners such as Chainlink, Balancer, and Meter. Notwithstanding, this November marks the blockchain’s entrance into a highly competitive arena: DeFi solutions and token swaps.
YuzuSwap and DEX
YuzuSwap is the first Decentralised Exchange (DEX) developed by the Oasis Network Community. Oasis Emerald launched the DEX, the Oasis Network’s Ethereum Virtual Machine (EVM) compatible ParaTime. EVM compatible ParaTimes are a game-changer for the network, while YuzuSwap opens up numerous trading and liquidity opportunities. DEX users will swap between ETH-based and Oasis-based tokens, liquidity pools and pairs, and earn YUZU by providing liquidity to pools.
YUZU’s total token supply is 500M, however–and this is crucial–there is 50K YUZU up for grabs in an imminent airdrop. From November 8th to November 16th, YuzuSwap will run its first-ever token airdrop. 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. 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 rests 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. The YuzuSwap, DeFi and Airdrop will undoubtedly boost the blockchain ecosystem.
Set your reminder for 8th November for the Airdrop, and join their Slack, Discord, or Telegram to find out more!
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