Introducing Oaswap Finance — Gas Free Swap Transactions on Oasis Emerald

We are thrilled to announce the launch of Oaswap Finance, an automated market maker (AMM) and decentralized exchange (DEX) on the Oasis Emerald ParaTime network. Built by a team of experienced blockchain developers and fellow degen traders, we’d like to introduce ourselves to the community.

Why Oasis?

The Oasis Network is a privacy-enabled blockchain with a focus on open finance and gas-free transactions. They aim to solve many of the issues that hinder decentralized finance (DeFi) users and decentralized apps (dapps). When our team discovered the benefits that Oasis had to offer and the rapidly growing community, we immediately started work on a new project for the network.

A strong base layer of DeFi applications on Oasis is currently lacking, which means there is much untapped potential on the network. A reliable and trustworthy DEX with deep liquidity pools is one of the most important things for a developing a blockchain ecosystem. DEX platforms are at the heart of DeFi, and we plan to fill this gap.

To begin this process, we have laid out the first iteration of our roadmap which can be viewed in our docs at https://docs.oaswap.finance/roadmap.

Gas Free Transactions?

The Oasis Emerald ParaTime releases tokens on-chain to reward node operators. This reward program allows transactions without gas fees for users. The program will last for two years, at which time gas fees may be introduced, but compared to Ethereum they will be negligible.

Gas free transactions, combined with the increased throughput of transactions and 6 second block times, will allow a larger number of trades with faster confirmations. As a result, users will experience better arbitrage opportunities, less slippage, little to no front running, and the potential for more advanced decentralized applications.

The Bridge to Oasis

But wait, it gets even better. The Oasis Protocol offers a cross-chain bridge to the Emerald ParaTime. That way you can transfer your ETH or any ERC-20 tokens to Oasis. The Wormhole Bridge allows seamless transfers across Solana, Ethereum, Binance Smart Chain, Terra, Polygon, and Avalanche.

The Focus of Oaswap Finance

We seek to be a trader and community focused DEX, with a broad suite of yield farming and staking opportunities to earn rewards. Holding our OAS governance token will allow you to vote on proposals and participate in the decision making process of the project.

By leveraging the affordability and scalability of Oasis, along with our trader-focused approach, we will provide the best trading experience on the Oasis DeFi ecosystem.

Join Us!