Oasis Protocol. X Decentralized Club Ama Recap From the 6th of April

Hello, Decentralized. clubbers Another AMA took place in Decentralized Club and we would like to introduce to you the AMA session with our guest Ekdin and Jon Poole from Oasis Protocol . The AMA took place on the 6th of April .

Everyone welcome to our amazing ama❤️

Today’s Our Guests Jon Poole, Ekin Tuna (@Exkki @CoincidenceJon) from Oasis protocol

Hi @Rswnpt , thank you, for hosting us today!

Hello @Rswnpt ! Super excited to be here today 🥳🥳🥳🥳

Hey thanks to join with us 😊

Let’s begin our Introduction Segment 📌

Please type “DONE” after answering every questions & when you feel you’re satisfied with your answers. 🤗

Sounds good, looking forward to the questions 🚀

Introduction questions asked by DC Admin, Riswan Rasheed

Jon, Ekin, can you tell us a bit more about yourselves, and what your roles at Oasis are?

Thanks @Rswnpt !

Awesome to be here! I’m Ekin, the Business Development Lead for the Oasis Protocol Foundation. I’ve been in the data security and analytics space for the better part of a decade. I grow the ecosystem at Oasis, where we build the next generation frameworks for data confidentiality and ownership.

It is essential that every citizen of the world has the right to control how their data is used to ensure that everyone has the freedom to choose without manipulation from outside interests. It is also important that every company in the crypto space has the ability to navigate the tricky waters of open data in open and decentralized blockchains to their and their users’ benefit. These are the rights that we defend here at the Oasis Protocol Foundation by building the Oasis Network and tools.

Good evening everyone! I’m Jon Poole, Community Lead and Business Development for Oasis! I’ve been part of Oasis since around June 2018. My blockchain background comes from the private investor side, like most of us I came here because I heard it was the wild west of finance and I wanted to get involved. I was introduced to Oasis, and the rest is history. When I understood what Dawn Song’s vision had in store for blockchain, like so many of our team, I felt I had to be a part of it!

Done

2. Can you briefly describe what Oasis is?

For sure 👾🌹

Oasis is the leading decentralized, privacy-enabled, and scalable layer-1 blockchain network. Combined with its high throughput, low gas fees, and secure architecture, the Oasis Network can power scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. We have a unique blockchain architecture where we split consensus and computation. Our distributed consensus-computation layer architecture allows for better horizontal scalability while retaining vertical scalability across computational environments compared to our layer-1 competitors.

We provide a new landscape for applications to be built in blockchain by enabling privacy and we are the leading privacy-focused blockchain with some of the most reputable investors and supporters in the industry, including A16z, Pantera Capital, Polychain, Binance Labs and have Fortune 500 enterprise partnerships with Meta (formerly Facebook) and The BMW Group just to name a few.

There is a recent Messari report about Oasis, and I really recommend reading it. You can check it out below 👇👇

Oasis Network: Growing a Responsible Data Economy with Privacy | Messari

Done ✅ @Rswnpt

3. Oasis has a strong, global community. Can you tell us about your latest initiatives when it comes to your community?

We do, indeed, have a wonderful, global community, and we love surprising them with all kinds of initiatives. In the past months, we had a cross-platform Trivia Competition, that lasted a week, and a Reddit Treasure Hunt, which was extremely fun! If you want to participate in our future adventures, follow us on our socials: https://linktr.ee/oasisprotocol.

On a more serious note, community support is one of the most important aspects of a project’s success and I’m so proud to look around me at the incredible community that we’ve built together at Oasis. Our community, ambassadors and team members have stayed true to who we are and what we believe in and it’s paying off as we smash our milestones each quarter. We plan on expanding our community exponentially using the same methods we have from day one, by being the most reputable, professional and quality driven Layer 1 ecosystem, not to mention we are the leading privacy focused blockchain in the entire industry. We are now hiring new colleagues, that will help us drive the Oasis vision even further. Check out our job page here: https://recruitcrm.io/jobs/Oasis_Protocol_Foundation_jobs

We also have an amazing ambassador team, If you’d like to get involved and help us grow our ecosystem in any number of ways, please, check out our Ambassador Program!

https://oasisprotocol.org/ambassador-program

Done ✅

4. We are seeing a lot of initiatives towards expanding the Ossis ecosystem. Can you share some details about these?

Awesome, would love to expand on this @Rswnpt 🌹🌹🌹

This is a great question, thank you! There are multiple programs designed for developers who want to build on Oasis Network. We are talking about hackathons, grant programs, accelerators, as well as ecosystem funds.

Our current hackathon, The Oasis Bloom Hackathon 🌹, will raise brand awareness of Oasis within the developer community and yield some great dApps for our ecosystem. This hackathon facilitates the next generation of DApps for web3 & beyond in areas such as DeFi and P2E Gaming. It wouldn’t have been possible without the support of our sponsors, Jump, NGC, Newman, Hashed and Dragonfly. The winning teams will also have access to potential investments and mentorship opportunities provided by the sponsors, especially for the winning teams. You can learn more about it here: https://oasis.devpost.com/. If you are interested in applying, you can do so here: https://bit.ly/3MDr3h3

Another great opportunity for developers is the $500,000 DappRadar x Oasis Accelerator. The program’s mission is to find ambitious teams and support them in building on the Oasis Network. Key areas of interest are DeFi, P2E gaming, and privacy solutions. During the program, the teams will be offered support to ensure successful integration, community engagement, and fundraising. The 10 selected teams will get a grant of up to $50K in ROSE each. Learn more about it here: https://oasisprotocol.org/accelerators.

We also have a grants program. The ROSE Bloom Grants Program will help you kickstart the development of your projects in a range of key focus areas and support DeFi, NFT, P2E Gaming, Metaverse, Data DAO, data tokenization and privacy DApss. Each proposal is eligible to receive up to $50,000 USD in ROSE tokens. Currently, the ROSE Bloom Grants program offers grants for the following development environments: Oasis Emerald, the EVM Compatible ParaTime. and Oasis Labs’ Parcel SDK. Find out more about it here: https://oasisprotocol.org/grant-programs.

Done 🌹✅

5. One of the hottest topics right now is DeFi. Can you expand this topic in relation to Oasis?

The Oasis team has introduced a new level of technology to the DeFi space with our solutions to leverage DeFi 2.0 services. Emerald, the EVM compatible ParaTime, allows easy integration with EVM-based DApps, such as DeFi, NFTs, Metaverse, and crypto gaming. In addition, we provide tools for developers who want more advanced features and applications that work seamlessly within decentralized networks, including: scalable, reliable, and versatile architecture, parallel Workloads, as well as an efficient design.

Oasis is ideal for DeFi and GameFi due to instant finality, 99% lower gas fees versus Ethereum, high throughput, and secure architecture.

Another amazing thing to talk about when is comes to DeFi and Oasis Netowork is the fact that there are now DEXs built on Emerald, our EVM compatible Paratime. We have YuzuSwap, which is the first Decentralized Exchange (DEX) built on our network.

Yuzu has a lot of interesting features for users, such as swapping between ETH-based and Oasis-based tokens, liquidity pools and pairs, earning YUZU for providing liquidity to pools, as well as a voting system for governance of the funds collected with 20% of the transactions fees. Participate in Yuzu and earn liquidity / trade mining rewards here. https://app.yuzu-swap.com/#/

With Emerald live on Mainnet, the Oasis community now has access to instant, low-cost cross-chain value transfers to and from other bridge-supported blockchains and Layer-2 networks, thanks to our partnerships with cBridge and Wormhole.

We also have Fountain Protocol, which is the first cross-chain lending platform powered by Oasis Network. This protocol enables users to experience high capital efficiency. We can say that Fountain Protocol is a one-stop management of DeFi assets. You can read more about it here: Fountain Protocol. You can also participate in Fountain and earn rewards here: https://ftp.cash/home

Done

Now Let’s move on to the second segment – Selected Twitter Questions ✅

Are you ready guys?

Exciting! Let’s gooo! 🚀🚀🚀

Questions asked on Twitter for Oasis Protocol team!

About the Damask upgrade. How does simplifying the execution and storage committees into a single one works? It makes it a single mutual process between the consensus and the paratime layer? – @VicMxD

Damask will provide many improvements, including increased security and performance, strengthened governance mechanisms, and more decentralization. And all features of this upgrade will be implemented as part of the Oasis Core 22.1.x release series, which is a consensus protocol-breaking release. On-Chain governance is simplified to a single unified stake threshold parameter and ParaTime performance is improved by simplifying the protocol (executor and storage committees are merged into a single committee), which also leads to a simplified configuration of ParaTime nodes. ParaTime upgrades will happen without incurring downtime by having upgrades and the descriptor changes pre-staged well in advance of the upgrade epoch. ParaTime packaging is enhanced by introduction of unified runtime bundles across all supported TEE types and self-describing so that configuring ParaTimes is only a matter of passing in the runtime bundle file. Consensus and ParaTime Communication is enhanced via support for incoming runtime messages where consensus layer transactions can trigger actions inside ParaTimes, and the addition of support for runtime messages extend the results of the emitted runtime messages with relevant information beyond indicating whether the message execution was successful or not. The validator pool will also increase from 110 to 120, helping further secure the Oasis Consensus Layer while also increasing decentralization.

Done ✅

Currently, the market is becoming very bullish on NFT trend. Can you share your” OasisProtocol” opinion on NFT as a player in the NFT market? And does have any plan with NFT? – @DM7122

Indeed we are seeing a huge NFT trend currently in the market. Interestingly also less correlated to the token/coin markets, which probably is a part of the bull momentum 🚀

Oasis has the ability and execution to bring the NFT markets into the next level by including confidentiality and private data in the NFTs. Imagine that you can have an NFT that gives access to your private data, like banking records, and use it to monetize that data. Or mint a truly unique NFT. There are so many options when we combine privacy with NFTs!

Rosart, the first community built NFT launchpad and marketplace also just launched on Emerald, our EVM compatible paratime. They launched the first set which minted out in 24 seconds! Many more coming up this month so which we are really excited about 🌹🌹

Done!

Following up on your latest developments,

Another amazing thing to talk about is the fact that you had your first lending protocol powered by OASIS, Which was the Fountain Protocol launch this month march 2022, can you please explain to us about the Vision behind these Launch? – @Ayuaini20

Fountain Protocol is the first cross-chain lending platform powered by Oasis Network. This protocol enables users to experience high capital efficiency. We can say that Fountain Protocol is a one-stop management of DeFi assets. They made the security their highest priority, and the team is laser-focused on building a protocol that is reliable and safe. Fountain Protocol smart contracts were audited by PeckShield and Verilog. In addition to this, there are various ways to earn through Fountain Protocol, such as the Liquidity Mining Program for suppliers and borrowers when participating in the Lending Pool on Oasis network. A total of 4,000,000,000 FTP (40% of total supply) tokens over the span of 4 years will be allocated across asset markets as liquidity incentives. Fountain Protocol will establish a multi-revenue protocol with a fund pool as the core and multiple application scenarios, including the following: expansion to other chains, leverage trading, cross-chain lending.

You can read more about it here: Fountain Protocol. You can also participate in Fountain and earn rewards here:

https://ftp.cash/home

Done ✅

I saw that Oasis Protocol has an incredible University program called “Oasis Foundation” for users to train and become University Ambassadors. Who can benefit from the Oasis Foundation? Do we have to pass some kind of test to be accepted? Can you tell us more about this program? – @mamamelos2

That’s a great question!!

Oasis has the largest University Program in all of Blockchain and is connected with more Universities than any other project around the world. We believe in the future of our ecosystem and back it by promoting some of the largest and most rewarding Grants in Blockchain. We offer mentorship programs and our team will be affiliated with University of California, Berkeley’s upcoming Computer Science program offering first of it’s kind courses to it’s students. Proving not only are we in line with the future of Blockchain but that we are pioneers in it.

The benefits include training options, such as educational sessions with all those in your group interested in emerging technologies such as secure computing, decentralized networks, and machine learning as well as speaking engagements or webinars for those interested in running a node at your institution, access to hackathons, as well as the opportunity to contribute to the network and get rewarded for it through the ambassador program.

You can learn more about it here: https://oasisprotocol.org/university-program

We have an amazing ambassador program and a wonderful ambassador team. If you’d like to get involved and help us grow our ecosystem in any number of ways, please, check it out!

Learn more about it here: https://oasisprotocol.org/ambassador-program

Done ✅🌹👾👾👾

Oasis Network features YuzuSwap comes with features like ‘swap once it’s mine forever’ and an auto-buyback pricing support system. Can you explain each of these features that Oasis offers through YuzuSwap? Advantages? @jogamboa08

YuzuSwap https://yuzu-swap.com/ is the first Decentralized Exchange (DEX) built on Emerald, Oasis’ EVM Compatible ParaTime.

YuzuSwap works to actively support price health by taking a 0.3% transaction fee on all transactions. 80% of this fee will go to a Smart Contract, which will support and buffer large price fluctuations by buying YUZU if the price falls below the 72-hour average. This helps maintain a healthy and stable token price that benefits traders, investors, and liquidity providers.

The final 20% of transaction fees will go to a DAO governance vault governed by YUZU token holders. Decisions around what the vault is used for will be made through an on-chain voting system and could include things like incentivization of developers, new community programs, or co-investing in other Oasis Network projects.

The Oasis Network is very excited to support the YuzuSwap Launch and finally, bring DeFi features to the community.

You can read more information about YuzuSwap here: https://medium.com/oasis-protocol-project/defi-is-coming-to-oasis-introducing-yuzuswap-the-1st-decentralized-exchange-on-oasis-the-50k-68193e63f31f

Taking advantage of the low gas fees, high throughput, and instant finality of Emerald, it includes all the features of a DEX that the DeFi community have come to expect:

-Swapping between ETH-based and Oasis-based tokens

-Liquidity pools and pairs

-Earning YUZU for providing liquidity to pools

-A voting system for governance of the funds collected with 20% of the transactions fees

Done ✅

Questions Asked by our Decentralized club members during live session to Oasis Protocol team!

OASIS FOUNDATION and METAMIND has Colloborated To provide an ACCLERATOR PROGRAM, Will You Please Tell me More About This Program and What Makes it better From Other Accelerator Program. ?

The Metaminds x Oasis Accelerator program is one of the most comprehensive and exciting initiatives in the Oasis Network. The projects accepted to the program get a grant of $20k and have the opportunity to participate in a loosely structured program consisting of workshops and mentoring by some of the leading industry experts.

The teams in the cohort get direct access to our team and to our partners allowing them to access resources that only a few other projects have. This direct communication with the Oasis Foundation and our key partners is definitely one of the factors that makes the program stand out from any other accelerator program out there.

The other thing is the structured program that covers topics from technical development workshops, legal and marketing to business development gives the teams a real edge when they are building their actual business and technology aside from just the first minimum viable product. Serious and dedicated teams find this approach extremely helpful in our experience.

Finally, to highlight the investment opportunity that the accelerator program presents. In the demo day the projects get to present directly to our ecosystem fund and partners. Successfully closing the seed round is once in a lifetime opportunity and a real chance to stand out from other projects.

The applications to the Metaminds accelerator are already closed, but we have a similar structure in the Dappradar accelerator. We highly encourage any developers to apply and make your dream a true!

Hello sir,

Are there any similarities or difference between Oasis Wallet-Web- and Oasis Wallet-Brower Extension? Do they have different functionalities?

🙋‍♀🔥🔥

The Oasis Foundation supports two first-party non-custodial wallets, a web wallet named Oasis Wallet -Web and a browser extension wallet named Oasis Wallet – Browser Extension. Both seamlessly connect to the Oasis Network and makes it easy to hold, send, and receive ROSE tokens.

These products are fully open source, built from the ground up by Oasis community developers, with funding from the Oasis Foundation’s ROSE Bloom Grants Program. Both have also gone through multiple internal audits from the Oasis Foundation and Oasis Labs teams and are currently going through an external audit as well.

Oasis Wallet – Web can be found at https://wallet.oasisprotocol.org.

Oasis Wallet – Browser Extension is a Chrome browser extension that implements a wallet for the Oasis network. Only the extension can interact with DApps

For more information and other options see our documentation at https://docs.oasis.dev/general/manage-tokens/oasis-wallets.

What’s the difference between Consensus Layer and The ParaTime Layer and what’s it relevance?

Let’s deep dive into how the Oasis Network is able to compute transactions in parallel. By checking if transactions conflict with each other, the Oasis network is able to group transactions into batches in such a way that changing the compute order of said batches won’t change the outcome. This allows each batch to be processed in parallel across multiple compute committees while preserving transactional semantics.

Oasis has come up with a new approach to scalability. Pending transactions are grouped and dispatched for execution to different groups of compute nodes. By having multiple groups of compute nodes executing different groups of transactions in parallel, horizontal scaling is achieved.

Regarding vertical scaling, our transaction throughput is high per paratime, approximately 1000 tx/s which is the result of our new and improved block and message propagation architectures, in addition to a short 6s block time.

Practically, this means that even the most demanding applications will have all the bandwidth to process their transactions in each of the paratimes.

So just to summarize, horizontally we can have a number of different computational environments (which you can just think of as blockchains) running simultaneously, while each blockchain having a large throughput. Thus achieving horizontal and vertical scalability

In what ways does #OasisNetwork make its platform user-friendly especially for beginners in the crypto ecosystem? Any training guides or manuals?

We have many guides and resources for beginners in crypto! You can view them here:

DeFi on Oasis:

https://medium.com/oasis-protocol-project/defi-on-oasis-network-how-to-get-started-1b69896f6802

“How to” video series

https://medium.com/oasis-protocol-project/how-to-video-tutorials-live-on-youtube-499b6c7bf00a

Beginners guide to Oasis:

https://medium.com/oasis-protocol-project/a-beginners-guide-to-oasis-50ea401ec7f3

In addition, we have the Oasis Community Garden with many resources and ways to get involved for beginners: https://oasisrose.garden/

Confidentiality unlocks a range of new use cases in the blockchain by allowing personal or sensitive data like your social security number, bank statements, health information to be used by applications on the Oasis Network, but really this confidentiality is different than what do you get with other networks? If so, what will make this network more private than its competitors?

To start, let’s first explore the overall architecture to highlight how confidentiality is being protected in the Oasis network architecture. On a high level, the Oasis network introduces a notion of ParaTimes which are their own blockchains sharing security with the consensus layer. The consensus layer itself is not confidential and does not support user-uploadable smart contracts. Its core function is to manage everything that is needed to support ParaTimes.

Each ParaTime can implement its own logic (e.g., can define how transactions look like, what is stored in storage, etc.), but we provide a common SDK that defines common formats and makes interoperability much easier. A ParaTime can support smart contracts (currently the SDK has modules for WASM and EVM smart contracts) and can be either non-confidential or confidential, when paired with a key management committee.

Getting confidentiality right is hard. Currently confidentiality guarantees are based on Intel SGX enclaves and remote attestation. Our architecture separates concerns by having separate minimal enclaves (the key management enclaves) in charge of the encryption keys and confidential ParaTime enclaves only query those key management enclaves when needed (secured through mutual remote attestation) to avoid keeping any keys for longer than needed.

Each confidential ParaTime built using our SDK runs in an Intel SGX enclave and communicates with the outside world (e.g. the Oasis Core node and the consensus layer) through a minimal protocol. The enclave will independently verify consensus (and by extension also ParaTime) state integrity by use of a light client and will then proceed to process transactions. Transactions may be end-to-end encrypted using an X25519-Deoxys-II-based scheme so only the ParaTime running inside an enclave can read them (the key manager enclave will only derive secrets when the ParaTime can pass mutual attestation). To ensure state integrity a Merkelized authenticated data structure is used where the enclave independently verifies storage proofs. State encryption uses Deoxys-II MRAE encryption scheme to ensure confidentiality.

The WASM-based smart contract module provides an ABI that enables developers to define what state should be kept confidential and what should be public. Of course writing confidential smart contracts is harder as one needs to be very mindful of various side channels.

We may provide side-channel hardening mechanisms on top of encrypted storage (with various degrees of performance tradeoffs).

One thing to also note is that the Oasis network architecture is also built with extensibility in mind. In the future it can relatively easily support new trusted execution environments.

Here are the some important link of Oasis Protocol

Telegram : https://t.me/oasisprotocolcommunity

Twitter : https://twitter.com/OasisProtocol

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