Oasis Foundation is pleased to announce its collaboration with Accumulated Finance to bring liquid staking to the Oasis ecosystem on Sapphire. Supported by a grant from the Oasis Foundation, Accumulated Finance is launching as the first liquid staking protocol on Sapphire. This launch marks a significant milestone in the evolution of the decentralized finance community built on Oasis, and it allows holders of the ROSE token to stake their assets while maintaining liquidity and participating in the broader ecosystem.

What Is Accumulated Finance?

Accumulated Finance is a liquid staking and restaking protocol. It allows users to stake tokens across various blockchains while enjoying the add-on benefits of liquid staking. In this way, Accumulated Finance unlocks liquidity and removes the historical opportunity cost of staking ROSE. 

In addition, the protocol is designed to transcend individual blockchains with an omnichain token design. Built on the xERC20 standard, Accumulated Finance enables the transfer of liquid staking tokens (LSTs) between different networks. This provides users with greater optionality on top of their staked assets. 

How Is Accumulated Finance Improving the Oasis Network?

With their launch on Oasis Sapphire, Accumulated Finance is forging a path toward a more confidential version of DeFi powered by Oasis. Users who stake ROSE with Accumulated Finance will get a receipt token that can be used for collateral, leverage trading, or restaking, all with the confidentiality and security guarantees of Oasis Network’s TEEs. 

A few core components of this integration include the stROSE minter deployed on Sapphire, a staking manager (i.e., permissionless delegated staking to the Oasis Network’s consensus layer), and the staking deployment itself, consisting of the staking account, protocol fees, and peg protection mechanisms. Together, these pieces enable users to stake their assets while retaining liquidity to use throughout the ecosystem. 

Why Is Liquid Staking Important?

Liquid staking brings numerous benefits to the Oasis Network ecosystem and its users. First, this launch is a major upgrade for user experience. Users in the Oasis ecosystem can now manage their staking directly through MetaMask or other EVM wallets, which eliminates the need for more complex setups or even for reliance on the Oasis Wallet.

Also, liquid staking removes the two-week unbonding period for converting staked ROSE to unstaked ROSE. This change brings faster access to liquidity and the flexibility of earning rewards without sacrificing participation in further yield opportunities. 

Composability is another benefit of liquid staking. Accumulated Finance’s launch helps to create a more interconnected ecosystem inside the Oasis Network. An early demonstration of this is the recently announced partnership between Accumulated Finance and Thorn who are both building on Oasis. 

The Future of DeFi on Oasis

Accumulated Finance is currently deployed on Oasis Sapphire and other EVM Networks, and it has undergone security audits by MetaTrust and Hats Finance. Beyond Accumulated Finance, the Oasis Foundation remains committed to growing the ecosystem and backing other Web3 builders championing the cause of advanced privacy solutions for crypto.

Learn more about grants for builders using Oasis here.

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