Oasis Protocol to Launch on Wormhole Network Following Freshly Announced $160M Defi Fund
Oasis users will be able to use the Wormhole bridge to move tokenized assets seamlessly across blockchains
SAN FRANCISCO — 7 December 2021 — Oasis Protocol announced today that Wormhole Guardians have unanimously voted on adding its privacy-enabled and scalable layer-1 blockchain on Wormhole. Once live, DeFi users and developers can migrate assets and liquidity between Oasis and some of the largest decentralized networks in crypto.
“Oasis is the leading privacy-enabled and scalable layer-1 blockchain, ideal for DeFi, and the integration with Wormhole will significantly enable us to power more DeFi applications and use cases,” said Jernej Kos, Director of the Oasis Foundation. “Wormhole’s decision is a big vote of confidence and testament to our work so far and future potential.”
Wormhole continues to gain adoption as it recently crossed $700M in TVL after FTX natively integrated Wormhole into its UI — allowing users to move assets from Ethereum, BSC, Solana, Terra, and Polygon in a seamless fashion.
“Oasis joins the Wormhole network at an exciting time as it announces the injection of $160M to kickstart the growth of its DeFi and Metaverse ecosystem,” said Hendrik Hofstadt, Director Special Projects at Jump Crypto and former co-founder of Certus One, the lead contributor to Wormhole. “Wormhole will serve as the catalyst for new users and capital from connected networks to flood into Oasis and spur their ecosystem’s development.”
Oasis is the leading privacy-enabled, scalable layer-1 blockchain and one of the top two invested blockchains by hedge funds, according to Messari. In November of 2021, Oasis announced the launch of its Ethereum Virtual Machine (EVM) compatible ParaTime, Emerald, to bring more DeFi, NFT and gaming dApps to the Network. Oasis Network and Ecosystem recently reached many milestones, including:
- The launch of Emerald, EVM Compatible Paratime
- The launch of the substantial $160 million Oasis Ecosystem Fund, supported by top industry backers
- YuzuSwap, the first Decentralized Exchange (DEX), is currently in development by a third party team on Emerald with an Airdrop in progress
- New advancement on secure computing technologies in AI, with Meta AI, formerly Facebook AI.
Kanav Kariya, President of Jump Crypto tweeted, “Data DAO’s and privacy-preserving computation have been part of the crypto story since day 1. Allowing privacy-preserving computation on data sets owned by mutually distrusting parties is going to unlock incredible (innovations).”
“Having recently announced the new $160 million Oasis Ecosystem Fund, this new partnership with Wormhole is another significant milestone for Oasis,” said Avichal Garg, Founding Partner of Electric Capital. “Scalability and privacy are critical to unlocking the true potential of DeFi and we are grateful to the Oasis ecosystem for enabling a more efficient and private web3.”
Clayton Menzel, Head of Protocols & Opportunities at Figment, said: “As long-time infrastructure partners of Oasis and firm believers in a multi-chain future, we are happy to support the Oasis Wormhole bridge. Interoperability between networks like Ethereum, Solana, and Terra will jumpstart the Oasis DeFi ecosystem.”
To learn more about Wormhole, please visit https://wormholebridge.com/.
The Wormhole Network is a generic message-passing protocol connecting high-value blockchains together, with applications leveraging the messaging layer to facilitate interoperability between ecosystems. Secured by 19 guardians, developers are able to leverage the protocol to send arbitrary data cross-chain including tokens, NFTs, oracle data, governance decisions and more.
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 is able to power scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Oasis has many key backers including Andreessen Horowitz, Accel, and Binance Labs, and several projects already building on its network & partners such as the CryptoSafe Alliance with Binance, The BMW Group, Chainlink, Balancer, and others. Oasis is among the top three invested blockchains and has one of the fastest-growing developer networks in the industry.