Copper.co brings staking support to the Oasis ROSE token

By Joy Dumasia

Copper. co, a digital asset custody and trading solutions provider, announced that it would provide staking services for the Oasis ROSE token. The Oasis Network is a rapidly growing ecosystem consisting of industry-leading app developers, blockchain infrastructure teams, node operators, universities, and more. It is a next-generation blockchain that decouples the application layer’s consensus layer, allowing greater scalability, versatility, and privacy.

ROSE is the native, capped supply utility and settlement token of the Oasis Network. The token is used for transaction fees, staking, and delegation on the Oasis consensus layer. Stakers will be able to earn rewards for contributing to the security of the Oasis Network, as locking up a stake on the network makes it more expensive for anyone entity to gain control.

Copper Platform, users will be able to stake the ROSE token in different pools simultaneously. Copper Platform allows digital assets in multiple exchanges, hot wallets, and cold storage vaults to be managed together, all in one space. Storage of digital assets is made secure using Copper’s MPC technology, which creates three separate key shards rather than one private key, mainly eliminating the risk of crucial exposure when signing transactions.

Alex Ryvkin, Chief Product Officer, Copper, said: “We are delighted that the Oasis Protocol has chosen us to support the staking of ROSE, their native utility token. Oasis’ focus on personal data and scalability makes it one of the most versatile and promising networks. We look forward to supporting them as their community grows.”

Recently, IBS Intelligence reported that London-based digital asset infrastructure provider Copper announced the close of a $50 million Series B funding round. The investment round was co-led by B2B software investor Dawn Capital and Target Global, who led Copper’s Series A round.