The ROSE token is used for staking, delegation, and transaction fees in the consensus layer of the Oasis Network.
The ROSE token is used for staking, delegation, and transaction fees in the Consensus layer of the Oasis blockchain. The ROSE token will be capped at 10 billion tokens.
Staking ROSE tokens allows users to earn rewards of up to 12% APY for contributing to the safety and security of the network.
To address issues with security plaguing other staking protocols, Oasis gives users complete control over their assets with the option to stake ROSE on a cold wallet that isn’t connected to the internet.
By staking ROSE, users are collectively protecting the network and contributing to its long-term success.
Oasis developed Two Official ROSE Wallets allowing users to safely secure and stake their tokens: a web wallet that provides all information related to ROSE and a browser extension for users to quickly and easily access their tokens.
These user-friendly wallets come with lots of features optimize the functionality and utility of the ROSE token including:
- Simplified staking with network validators to earn rewards
- A broad overview of all network metrics
- Ledger integration for uses to access the Oasis app from their Ledger devices
- Quick interaction with DApps on the Oasis Network through the browser extension. And so much more.
ROSE is the token powering the future of DeFi.