Oasis Network Welcomes Entropyfi 2.0 H2E Games
Oasis Network is excited to announce that Entropyfi 2.0 H2E (hodl-to-earn) games will be deployed on Emerald, our EVM compatible ParaTime in February. As part of Oasis Grant recipient, Entropyfi’s multi-chain development, this integration will increase, not only the interoperability for Entropyfi 2.0 H2E games, but the entire DeFi ecosystem as whole.
Entropyfi is building a hyper-competitive platform offering gamified yields. Their vision is to transform the staking into a thrilling experience and to entice long-term hodlers with their unique hodl-to-earn (H2E) mechanism. Entropyfi 2.0 is the first protocol to showcase the H2E mechanism, which allows users to farm and collect stablecoins with governance tokens they have already been hodling. Users can earn stablecoins and $ERP by staking $ERP and entering into games. By playing the H2E games on a regular basis, users can earn more stablecoins, $ERPs and other governance tokens.
There are two types of H2E games; lossless games, and loss-realized games. Whilst the mechanism can differ, the rewards come from the yield of the endowment and are partially funded by the endowment itself. Players can play the lossless games that have no risk and low reward or the loss-realized games which are high risk, but can return high reward.
Emerald is Oasis’s official EVM compatible ParaTime that brings a wealth of capabilities to the Oasis Network including easy integration with EVM-based DApps and the launch of DeFi. It allows for:
- Full EVM compatibility
- Easy integration with EVM-based DApps, such as DeFi, NFT, Metaverse and crypto gaming
- Scalability — increased throughput of transactions
- Low-cost — 99%+ lower fees than Ethereum
- Cross-chain bridge to enable cross-chain interoperability