rSOL application — A Great Initiative that Supports Various Stakers Affiliated With StaFi
INTRODUCTION
StaFi network is simply a community based commercial platform which unlocks staked fund liquidity. With the platform’s adoption of PoS coins, users can now Stake them and benefit rTokens. In the article various factors on rSOL’s solution for Liquidity will be iterated to show empowerment measures for Solana Stakers.
rSOL application Description
rSOL is a community based DeFi asset initiated by StaFi network to curb issues surrounding SOL Staking on the mainnet network of Solana. It’s token was made for individuals to stake their SOL funds in the rSOL application created by StaFi.
These rSOL coins or tokens will be linked to both SOL staked funds and rewards for staking. Individuals can also make exchanges and distributions via rSOL coin. With the rSOL application in place, several problems are dissolved such as:
● Users no longer have to hold on for three days to obtain SOL funds that are staked. rSOL application permits users to make exchanges and distributions on rSOL funds anytime they want so that liquidity will be yielded.
● Individuals don’t have to understand the complex consensus functionality or the rules for calculating stake rewards to expand the stake rewards. Through the Application, Utilizers will go through a few easy stages to put SOL in rSOL network contract.
SOL Utilizer Solutions
● Users no longer have to be worried of the staked SOL’s liquidity. Individuals can now make exchanges on SOL in Uniswap’s Network anytime.
● rSOL network Contract adopts a Technique mainly for expanding rewards for staking, which instantly selects a various OVs (Original Validators) that have the biggest rewards for staking on the network.
● The present consensus system on Solana (Tower BFT) is kind of intricate for normal stakers to understand, but through the Application various features like top validator selection, restaking automation and so on, will be efficiently done in order to save multiple users from stress.
DELEGATION TACTICS
Because of the consensus system of the Solana network, rSOL’s application brings in a group of Tactics made for increasing stake rewards:
Diversed Delegation Usage
SOL coins or tokens put in by individuals in rSOL’s pool , will be transferred to different mini accounts for staking. The Stake accounts are then going to pick different delegation validors by the strategy for gain maximization.
Standard OV Selection
rSOL Application will go through the network performance feeds of participants for the OV (Original Validator) role. These data includes their duration for online task, ratio of commission, slashing status and so on, to make sure that highly efficient top validators that have small commissions are chosen.
SLASHING SECTOR
Yes, the partial slashing system is not utilized on Solana’s chain network. But with StaFi’s rSOL network contracts, a full insertion of tactics to deteriorate slashing volatility. Via rSOL network and more which will be detailed, StaFi platform eliminates slashing:
● The Staking system contracts helps validators that haven’t experienced slashing before to be Original Validators officially.
● Once slashing gets noticed on a specific node, rSOL network contract instantly redelegates so that losses are reduced.
CONCLUSION
The StaFi system is really granting a lot of systems, innovations and solutions to cater for various stakers and users associated with their platform. With their liquidity solution or the rSOL application fully realised, numerous SOL users can now make exchanges on SOL funds in a well simplified manner.
For more relevant information, visit https://www.stafi.io
Article Written By : Adasofunjo Michael Oluseye
