What is Oasis Network and How Does it Unlock 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 lack of privacy and high fees. The Oasis Network is a Layer 1 blockchain that can expand DeFi beyond early adopters into mass market adoption.
Oasis Network is a Layer 1 blockchain that can expand DeFi beyond early adopters into mass market adoption.
The team recently introduced a substantial $200 million Oasis Ecosystem Fund, supported by top industry backers and is one of the top two invested blockchains by funds, according to Messari.
Oasis’ privacy preserving features and confidential computation allow sensitive data including health, financial, and personally identifiable data to exist on chain. This opens the door to new use cases like private lending and under-collateralized loans.
Oasis Network is ideal for DeFi applications due to its instant finality, 99% lower gas fees versus Ethereum, high throughput, privacy protection, and defense against MEV. Oasis Network is far more scalable than existing blockchains, through its separation of consensus and computation into 2 parallel layers. By doing so, the network is able to manage many complex transactions at scale.
Oasis Network architecture is designed for scaling. It is the only blockchain with native support for Rollups at the Consensus layer. Transactions on Oasis can scale up to 1000per second per paratime, and with 1000 paratimes that’s a potential million transactions per second.
Oasis Emerald, the EVM compatible Paratime, allows for easy integration with EVM-based DApps and the Wormhole bridge is now live enabling cross-chain interoperability.
Visit the Oasis website and experience the Oasis Network
