What is Oasis network used for?

Oasis Borrow is where users can create Dai by locking collateral supported by Multi-Collateral Dai . … Maker automatically calculates the market price using oracles, providing a “max Dai Debt” figure which indicates the maximum amount of Dai that can be borrowed from the loan.

The Oasis Network is designed to support confidential smart contracts that keep data private while being processed . By providing end-to-end data confidentiality on Blockchain, the Oasis Network unlocks new and exciting use cases in DeFi.

ROSE is the native, capped supply utility and settlement token for the Oasis Network. It is used for staking and delegating on the Oasis Consensus Layer and for smart contract operations that require fees in ParaTimes .