Moonstake today announced that it has added support for staking of Oasis Network’s ROSE token on both the Web and Mobile Wallets.
It will allow Moonstake users to earn interest from staking of their ROSe tokens.
ROSE became the 17th staking coin available on Moonstake after Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, Shiden, FIO, and EVER.
Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies.
After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally.
Since March this year, Moonstake has also entered DeFi together with the newly launched DeFi platform, Muse.Finance, who has begun releasing its core DeFi products which are all scheduled to be integrated into Moonstake platform to enable advanced DeFi connectivity for our global users.
Meanwhile, the Oasis Network is a 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. The Oasis network’s native token, ROSE, is used to stake and to pay for transaction fees. The network aimts to provide a next-generation foundation for Web3 and power DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAOs.
How to stake ROSE on Moonstake Wallet?
Here’s a simple 3-step process to stake ROSE with Moonstake Wallet:
- Register your Moonstake Wallet via Web or mobile.
- Select ROSE from the “Wallets” screen and click the “Add Asset” button.
- Access the ROSE screen to check your staking information. From the Staking tab, click the “Stake” button and enter your wallet password to complete staking.
How ROSE staking works
Hold ROSE, no ROSE minimum staking amount.
Agree to lock in and stake ROSE.
How to get rewards of ROSE staking
Rewards are given in ROSE and are received on each epoch transition which is approximately every hour. Rewards are automatically distributed and restaked: they must be unbonded to be spendable.
How ROSE unstaking works
The Oasis Network has a 14 day unstaking period throughout which your tokens will not earn staking rewards and will not be transferable.
Read Also: Moonstake announces its plan to enter into DeFi sector
