Oasis Foundation is excited to welcome the Accumulated Finance team to the Sapphire ecosystem with the launch of their liquid staking application. Supported by a grant from the Oasis Foundation, Accumulated Finance has built as the first liquid staking protocol on Sapphire, which marks a significant milestone in the evolution of the decentralized finance community built on Oasis. Accumulated Finance allows holders of the ROSE token to stake their assets while maintaining liquidity and participating in the broader ecosystem.

What Is Accumulated Finance?

Accumulated Finance is a liquid staking and restaking protocol built on Sapphire. It allows users to stake tokens across various blockchains while enjoying the add-on benefits of liquid staking. In this way, Accumulated Finance unlocks liquidity and removes the historical opportunity cost of staking ROSE. 

In addition, the protocol is designed to transcend individual blockchains with an omnichain token design. Built on the xERC20 standard, Accumulated Finance enables the transfer of liquid staking tokens (LSTs) between different networks. This provides users with greater optionality on top of their staked assets. 

How Accumulated Finance Improves the Oasis Ecosystem

With their launch on Oasis Sapphire, the Accumulated Finance team is forging a path toward a more confidential version of DeFi powered by Oasis. Users who stake ROSE with Accumulated Finance will get a receipt token that can be used for collateral, leverage trading, or restaking, all with the confidentiality and security guarantees of Oasis Network’s TEEs. 

A few core components of this integration include the stROSE minter deployed on Sapphire, a staking manager (i.e., permissionless delegated staking to the Oasis Network’s consensus layer), and the staking deployment itself, consisting of the staking account, protocol fees, and peg protection mechanisms. Together, these pieces enable users to stake their assets while retaining liquidity to use throughout the ecosystem. 

Why Liquid Staking Is Important

Liquid staking from Accumulated Finance brings numerous benefits to the Oasis ecosystem and its users.

• Ease of Use: users can now manage staking directly through MetaMask and other supported EVM wallets. This eliminates the need to interact with the consensus layer or Oasis Wallet, reduces friction in the staking process, and it significantly enhances the onboarding experience for new users.
• ‍Convenience: Users no longer have a 14-day unbonding period when converting staked ROSE to unstaked ROSE. This enables users to enjoy near-instant liquidity on their staked tokens, appeals to institutional investors by enabling them to seize arbitrage opportunities, and it reduces the risk of being locked into staking positions, enhancing user flexibility.
• ‍Flexibility: Users can stake tokens to earn relatively risk-free rewards while participating in the ecosystem. This allows for simultaneous engagement in other activities without sacrificing extra returns, benefits users who prioritize the security of staking through the consensus layer, and it removes the higher demands associated with providing liquidity or other forms of engagement.
• ‍Composability: Liquid staking enhances the composability of the Oasis ecosystem and enables entirely new use cases. This integration with Sapphire improves liquidity and capital efficiency within the ecosystem, and a collaboration between Accumulated Finance-Thorn will create a stable swap pool for liquid-staked ROSE and unstaked ROSE.

The Future of DeFi on Sapphire

Accumulated Finance is currently deployed on  Sapphire and other EVM Networks, and it has undergone security audits by MetaTrust and Hats Finance. Beyond the Accumulated Finance team's launch, the Oasis community remains committed to exploring and supporting all ambitious builders who want a part in growing the ecosystem.

Learn more about grants for Web3 builders using Oasis here.
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Explore liquid staking on Oasis with stROSE on Accumulated Finance here. 

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