Copper to support the staking of ROSE, the native utility token of the Oasis Network
We’re excited to announce that Copper.co, a leading provider of digital asset custody and trading solutions, today announced that they will provide staking services for the Oasis ROSE Token.
The Oasis Network is a rapidly growing ecosystem consisting of industry-leading app developers, blockchain infrastructure teams, node operators, universities, and more. It is a next-generation blockchain, which decouples the consensus layer from the application layer, allowing greater scalability, versatility and privacy.
ROSE is the native, capped supply utility and settlement token of the Oasis Network. The token is used for transaction fees, staking, and delegation on the Oasis consensus layer. Stakers will be able to earn rewards for contributing to the security of the Oasis Network, as locking up a stake on the network makes it more expensive for any one entity to gain control. The ROSE token provides an annualized staking reward of up to 20% and around 2.3 billion tokens will be automatically paid out in rewards over time. The supply of ROSE tokens is capped at 10 billion.
From the security of the Copper Platform, users will be able to stake the ROSE token in different pools simultaneously. Copper Platform allows digital assets in multiple exchanges, hot wallets and cold storage vaults to be managed together, all in one space. Storage of digital assets is made secure using Copper’s MPC technology, which creates three separate key shards rather than one private key, largely eliminating the risk of key exposure when signing transactions.
Alex Ryvkin, Chief Product Officer, Copper, commented:
We are delighted that the Oasis Protocol has chosen us to support the staking of ROSE, their native utility token. The Oasis network has innovated a great leap forward in blockchain technology and we look forward to supporting them as their community continues to grow.
Jernej Kos, Director of Oasis Protocol Foundation said:
Copper’s Platform offers a great solution for digital asset managers to trade multiple assets within one secure and user-friendly space. Integrating ROSE into the Copper platform, brings ROSE to the new generation of institutional crypto asset managers.
Founded in 2018 by Dmitry Tokarev, Copper provides a gateway into the cryptoasset space for institutional investors by offering custody, prime brokerage, and settlements across 250 digital assets and more than 40 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing cryptoasset space, while enabling far greater transparency and control for asset managers.
Copper’s fully integrated products are unique in the cryptoasset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies, including access to margin lending trading facilities and the DeFi space.
At the core of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across the Networks. Integrated with market leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors can engage in the cryptoasset space since launching in May 2020.
For more information, please visit: www.copper.co
About Oasis Network
Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing open finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first-ever responsible data economy.