What is Oasis
The Oasis Network is a Layer 1, proof-of-stake, decentralized network. It has two main components, the Consensus Layer and the ParaTime Layer.
- The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.
- The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.
What is ROSE
ROSE is the native token of Oasis Network, which was launched in November 2020. It’s used for paying transaction fees, delegation on the consensus layer and staking by validator nodes.
The total supply of ROSE tokens is capped at 10 billion. Approximately 1.5 billion tokens were released during the mainnet launch and added to the circulating supply. As of December 2021, just over 3.4 billion ROSE tokens were in circulation.
Where to buy ROSE?
You can buy ROSE on most big exchanges such as:
What wallets can I use for staking and delegation?
In addition to using the Oasis CLI, there are a number of wallets, Ledger GUIs and Custodians support staking and delegation on the Oasis Network. Those include:
- RockX Wallet for Oasis Network (Ledger GUI)
- Bitpie (mobile wallet)
- Chorus One Anthem (Ledger GUI)
- Anchorage (custodian)
- Finoa (custodian)
- More options
How to delegate Rose
There are a number of ways to stake your ROSE tokens. In this section, we’ll cover a few popular ways, including options with a hardware wallet as well as mobile.
What is the APR?
Currently you can earn 20% rewards on an annualized rate by staking your ROSE tokens.
What is the unbonding period?
The unbonding process takes 14 days to complete. During this time you will not earn rewards. When the process is complete, you can transfer your ROSE tokens.
When will I receive my first staking rewards
ROSE rewards are received on each epoch transition which is approximately every hour.