Beefy Deploys On Oasis Network

Ana Marie — Sat, 14 May 2022 19:30:39 +0000

The Oasis Network is finally getting the Beefy treatment, so make sure you’re ready to take advantage of this new earning opportunity.

What is Emerald ParaTime?

Emerald ParaTime is an EVM-compatible ParaTime that allows for smart contract creation. It operates as the official EVM compatible ParaTime for Oasis network, with extremely low fees, scalable capability, and easy DApp integration.

Compound APY through Yuzuswap farms and pools

To start the OasisNetwork deployment, they’ve chosen to autocompound on Yuzuswap. Yuzuswap is the first DEX built on Oasis and offers a Uniswap-style experience. This makes it a great opportunity for Beefy to do what it does best: maximize your Oasis Network yield.

They will start with vaults from Yuzuswap and they most likely get a BIFI-ROSE pair out of the partnership.

What Vaults has Beefy launched?

How do I bridge to Emerald ParaTime?

To start earning APY on Emerald, you can use Wormhole, cBridge, or Multichain to bridge your tokens. For Coinbase users, you can also withdraw directly to Emerald from your account. For more information on how you can get your ROSE from Oasis Network to Emerald ParaTime, see the guide below.

How to Transfer ROSE into Emerald ParaTime | Oasis Network Documentation.

About Oasis Network

The OasisNetwork is a decentralized, layer 1 blockchain that focuses on scalability, versatility, and privacy. The network is composed of two main elements: its ParaTime Layer and Consensus Layer.

The Consensus Layer utilizes a set of decentralized validator nodes to manage a safe, Proof of Stake consensus mechanism with the potential for high throughput. The ParaTime Layer hosts parallel chains (ParaTimes) with their own computing environment and shared state.

The key to accessing OasisNetwork is its utility token ROSE. By holding ROSE, you can make network transactions and take part in staking and delegation.

Website | Twitter |

About Beefy Finance

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.