STAFI ANNOUNCES THE INTRODUCTION OF RMATIC SOLUTION FOR STAKERS OF MATIC TOKEN
The Staking finance network maintains its focus of making staking more productive and flexible, its innovative protocol helps unlock the liquidity of staked assets such that the required interval for assets redemption or unlocking period could be downplayed. The rtoken solution on the StaFi chain addresses liquidity issues and gives stakers assess to their locked up assets or its value for trading or exchange,it is pertinent to clarify that the rtoken system doesn’t exempt one from obtaining one’s due staking reward at the end of the specified lock up period for the assets. Obviously, rtoken is definitely the missing part of StaFi puzzle in its mission of unlocking assets liquidity.
StaFi has enjoyed a rather impressive run of achievements over the past months and the rtoken solution is waxing stronger, the month of August is definitely one the polygon community cannot forget in a haste, this is because the staking finance ecosystem has expanded its rtoken solution into Matic to rectify Matic staking concerns by making provision for rMatic, users can experience dynamics in staking while making the most of benefits as well.
rMatic is basically a decentralized finance product designed by the StaFi network to address liquidity issues of staked Matic tokens on the Etherum mainnet, the intention of StaFi is to create better staking mechanisms for all proof of Stakes programs, this it has successfully done by developing about 5 rtoken solutions for this cause, and very recently added rMatic to its portfolio, with the intention to rectify staking issues in the polygon community.
For stakers of Matic on the polygon chain,the $rMatic solution offers two relevant services which are:
● Usually it takes 9days or precisely 80 checkpoints for any staker to be able to withdraw his assets, rMatic solution gives you access to withdraw Matic tokens at will and exchange for benefits.
● There is usually a lot of rigmarole when trying to stake Matic on chain, the processes are rather intricate and require sufficient technicality, this can be avoided with the adoption and integration of rMatic solution into the ecosystem.
The staking contract on the StaFi Chaim is unlike what is obtainable in other DeFi platforms, and the rtoken solution reinforces its doggedness in making staking of assets less complicated and highly gainful for intending and participating users, the Polygon community has become the latest beneficiaries of the rtoken staking solution and as expected, it will continue to expand into new horizons.
ABOUT POLYGON
Polygon(previously known as Matic) is an inventive decentralized protocol as well as an infrastructure which builds and connects several varying blockchain networks compatible with the Etherum mainnet. The network is designed by developers for developers to be highly scalable, secure, sovereign, interoperable and incite the ultimate user blockchain experience.
Polygon aggregates scalable solution on Etherum while supporting a multiple chain ecosystem on the network, it further solves the inherent gas fee and slow speed issues while maintaining maximum security structure on the course.
CONCLUSION
It only keeps getting beteyey and better for the StaFi community, on a grandscale of things, this could be the most successful couple of months for this innovative DeFi platform. There have been a number of partnerships including the likes of liqee , rockz and others already completed, the introduction of rtoken solution into the polygon ecosystem firmly suggests there is no slowing down for the network, it would be pertinent to join the StaFi community and grow with a viable DeFi ecosystem.
For more relevant information, visit https://www.stafi.io
Article Written By : Adasofunjo Michael Oluseye
