ROSE Staking Performance Charts
Track Oasis Network staking over time by analyzing key performance metrics.
Analyze ROSE Staking Data
Compare the market position of ROSE against other staking assets.
Learn about Oasis Network Staking
How to stake ROSE
There are several ways to earn a return on your ROSE, including lending them out to custodial providers or through decentralized lending protocols, running your own validator, or delegating your tokens to validators of your choosing.
For the best security and control over your funds, we recommend using a Ledger Hardware Wallet. To delegate your tokens, you should ensure they are stored on your Ledger or Oasis Wallet, and then follow these steps below:
Step 1: Open the Oasis Wallet extension and select ‘Staking’ on the menu bar.
Step 2: Click on ‘Validators’ at the top of the page and select a validator you want to delegate your tokens to by clicking ‘Delegate’. If you are uncertain about how to choose a validator, refer to our FAQ for guidance on selecting a validator.
Step 3: Fill in the amount you want to delegate under ‘Amount’ and click ‘Next’
Step 3: Check the ‘Delegate info, if everything looks good to you, click ‘Confirm’
Do I need to maintain my staking in any way?
Once you have delegated your ROSE, there are things you need to consider going forward.
- Firstly, keep in mind that rewards are auto-compounded, so you do not need to manually claim and restake your rewards. You may want to use our Oasis Staking Calculator to estimate your rewards over your holding period.
- It is important to periodically check on the performance of the validator you have selected to ensure they are still performing well and have not fallen out of the active set.
- As a participant in the Oasis ecosystem, you will have the opportunity to vote on and propose new Governance Proposals. While your contribution and vote are highly valuable to the ecosystem, it won’t affect your rewards.
How do I choose Oasis Network validators?
It is essential for users to stake their PoS tokens with dependable and highly performant validators, which is why we have rolled out our Staking Rewards Verified Staking Provider (VSP) Program in June 2022. Through this program, we thoroughly scrutinize potential validators, evaluating factors such as security measures, their on-chain reliability, their provider setup, and value-added services for the whole ecosystem.
When choosing a validator to delegate to, there are numerous factors to take into account:
Commission Rate: When staking your tokens with a validator, the commission rate represents the percentage of your rewards that the validator will retain for themselves. A high commission rate can result in lower returns for you, while a low commission rate may lead to financial difficulties for the validator in the future. It’s important to note that validators may change their commission rates at any time.
Number of Users: A validator may be more popular or trusted if it has a higher number of delegators than others.
Validators Self-Staked balance: A provider with a high amount of staked tokens likely has more incentive to continue operating their services as they have more to lose than those with low self-staked balances.
Current Status: You can see whether the validator is currently active or not by checking the validator list shown on the Oasis Block Explorer.
Network Share: You typically don’t want to choose a validator with the highest network share (Total Staked) or a validator with a low network share. Delegating to the most popular validators increases centralisation risks within the network as those validators will have more say in governance and a larger share of the blocks. A validator with a low network share, might not be profitable and hence increases the risk of them discontinuing their services.
Performance: The total downtime of a specific validator can be seen on the Oasis Block Explorer. Make sure you pick a validator with the highest possible performance (Least downtime).
Value Add to the Ecosystem: Some providers offer extra services to their delegators, such as tax reporting tools, explorers, etc. This can be another great way to filter for validators that are thinking long-term. You can view the value-added services of staking providers by clicking on their name on the provider page.
How are the staking rewards generated?
The Staking Rewards on ROSE consist network reward:
Inflation on the Oasis Network (Block Rewards): ~2.3 billion tokens will be automatically paid out as staking rewards to stakers and delegators for securing the network over time. The network is targeted to reward stakers with rewards of between 2.0% to 20.0% depending on the length of time staked to provide staking services on the network. Oasis uses a gradually decreasing reward schedule that can be viewed here.
Please note that the total annual rewards are divided by all active stakers; hence, as the amount of staked tokens goes up, the reward rate goes down. You’re welcome to use our Oasis Staking Calculator to get a better understanding of how these factors can impact your rewards.
What are the risks to staking ROSE?
We strive to make staking as safe and transparent as possible, however, it’s important to consider factors that may influence whether a particular staking option is appropriate for you.
Slashing risk: When delegating to a validator, there is a risk of being partially slashed if the validator misbehaves. The network would slash the minimum stake amount (100 tokens) and freeze the node. Freezing the node is a precaution in order to prevent the node from being over-penalized.
Unbonding risk: When staking ROSE tokens, there is a lockup period of 14 days. This means that investors will not be able to sell their tokens immediately, but instead need to wait 14 days after initiating unbonding before they can be traded again. This is something to keep in mind when deciding to stake, as crypto markets are highly volatile. Consider keeping funds liquid if you do not intend to hold ROSE long-term.
Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs, this risk applies not only to staking but also the investment in ROSE.
Please note that this is not an exhaustive list of all the risks related to staking.
What is ROSE?
ROSE is the native token of the Oasis network that is used to carry out the key functions of the platform as detailed below:
- Staking: Users can temporarily lock up ROSE to contribute to the security of the network. In return for the service, both the validators and the stakers are rewarded with epoch rewards.
- Network Fees: ROSE is used for network fees, such as transaction fees and fees to deploy smart contracts or to create new networks.
What consensus algorithm does Oasis Network use?
Oasis network is powered by Tendermint BFT. Tendermint BFT is a Byzantine Fault Tolerant (BFT) consensus engine developed by Tendermint. It offers instant finality, is horizontally scalable and is secure against malicious actors. It is also open-source, meaning anyone can inspect and use the code. Additionally, it is simple to set up and use, allowing developers to quickly and easily build distributed applications. The active validator set consists of the 120 highest-ranked validators by staked tokens, from which 1 validator is randomly selected to propose a block with 66% of the remaining active validators being required to attest the block in order for it to become final. The higher the stake, the more likely they are to be selected.
What are the tokenomics of ROSE?
ROSE is a capped supply token. The circulating supply at launch was ~ 1.5 billion tokens, and the total cap is fixed at 10 billion tokens. ~2.3 billion tokens will be automatically paid out as staking rewards to stakers and delegators for securing the network over time. The total supply is expected to be vested by 2031, view the Oasis inflation schedule here.
Initial token distribution
The Initial token distribution of ROSE is as follows:
- 20% is allocated to Core Contributors
- 23% is allocated to early backers
- 10% is allocated to the Foundation Endowment
- 18.5% is allocated to Community and Ecosystem
- 5% is allocated to Strategic Partners and Reserve
- 23.5% is allocated to Staking Rewards
- $45M was raised from various backers in between 2018 and 2020.
From the Staking Rewards Journal