The Oasis network is a Layer 1 blockchain which aims to solve the scalability issues of DeFi and to introduce private lending. Oasis separates its proof-of-stake consensus layer from its computation layer, which is referred to as its ParaTime layer. ParaTimes on the Oasis blockchain can process up to 1,000 transactions per second. Oasis has already built 3 ParaTimes, including Cipher, which is a decentralized exchange that can execute smart contracts and is set to launch in March 2022. Oasis’ token is named ROSE.