DEFI is Here! Wormhole Bridge and YuzuSwap now live on Oasis Network Mainnet.

YuzuSwap leverages the low fees and the huge throughput of up to 1k TPS of Emerald — The EVM compatible ParaTime. The goal for YuzuSwap is to become a cornerstone DeFi application on Oasis, built to be composable, open, with safety and fairness as its core values.

We’re happy to say that YuzuSwap has been built by our community, and we hope it fulfills that goal of becoming the cornerstone DeFi application for the Oasis Network.

Best in class liquidity and trade mining rewards

We all come to DeFi for different reasons. Many for the philosophy, but we all stay for the rewards, of which there are two ways to mine for them on the platform:

Read more about the liquidity and trade mining systems here.

Fair

YuzuSwap’s fair launch system doesn’t open the floodgates and release all the tokens to mysterious early institutional investors. It slowly and methodically releases the same number of tokens with every new block (every 6 seconds).

The total token supply is capped at 500m, and with each block:

Safe

80% of the transaction fees collected will go to a Smart Contract. That contract actively works to support and contribute to a stable token price. Whenever the token price drops below the 72-hour average, the Smart Contract will buy YUZU. The other 20% will go to the DAO governance vault, where all YUZU token holders will be able to vote on how it is allocated.

Potential uses for the DAO governance vault could include buying insurance to further protect YuzuSwap users, incentivizing developers to build more tooling for YuzuSwap, or even being used as launch capital for new protocols on the Oasis Network.

For many of you, it may be a familiar and comfortable feeling, but if you haven’t yet: “Welcome Home to The Oasis.”

Join the community

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