StaFi: Detailed Successful Achievements and Partnerships in the month of August
INTRODUCTION
StaFi protocol is simply the first community based finance or DeFi protocol to utilize the sector of unlocking staked fund liquidity. Through this protocol, users all over the ecosystem can stake their PoS tokens in order to earn rtokens. With the usage of rtokens, holders can obtain staking rewards and make exchanges on staking tokens that are locked simultaneously. Over the course of the article the protocol’s official announcements, partnerships and achievements over the course of August will be detailed in order to fully comprehend the diversity of the ecosystem.
PARTNERSHIPS AND ACHIEVEMENTS
StaFi’s rMATIC Liquidity for Polygon
rMATIC is basically a decentralized finance product created by StaFi protocol to solve liquidity issues of MATICs that are staked on the Ethereum network or mainnet.
StaFi protocol’s main mission is to simply grant liquidity solutions to all major PoS programs, making the option of staking to be run in an efficient and flexible manner. In order to succeed in this mission, StaFi launched five rtoken solutions such as rFIS, rKSM, rETH, rATOM and rDOT solutions.
A few days ago, StaFi announced their release of rMATIC solutions to help fix this issue of staking liquidity in the Polygon community. These rMATIC assets provides individuals who stake MATIC with two great solutions which are the following:
● Waiting 9 days or through 80 checkpoints before withdrawing MATICs that are staked will no longer be a hassle, as individuals, at any time can make exchanges or withdrawals on rMATIC tokens to yield liquidity.
● Individuals are only required to go through a few steps instead of intricacies to drop MATIC in a contract for rMATIC.
Liqee Collaboration
Liqee platform is basically known as the first decentralized finance market specialized for lending and staking token liquidity such as DeFi staking tokens. StaFi and liqee are amazing decentralized platforms which have formed a partnership program in order to facilitate each other’s compatibility, these features will be summarized a bit:
● Through their collaboration, They scheme to release various rTOKENS which are rDOT, rATOM and rETH into the lending medium of liqee’s platform.
● StaFi and Liqee went live with dforce to initiate their mining liquidity campaign on Ethereum and BSC on the 27th of August 2021.
With these features and more such as; schemes for leverage staking liquidity, Reward earning on liqee due to rtoken integration and so on, StaFi is sure to move to greater prominence in the DeFi ecosystem.
StaFi’s Validator Project
In the course of StaFi being released, Their chain network reeled in a huge number of validators. With more dedicated research and planning made by the platform’s team, the issues concerning validators demands on StaFi are solved through their release and initiation of Validator recruitment program. The StaFi Validator Project simply aims to reel in more validators in the institutional economy. With this inclusion, the Optimization and development of professionalism in the validator team will be immense.
The platform’s foundation also planned to utilize invitations that are unsolicited with applications for the community to improve the ecology of the present StaFi chain verifiers.
FIS listing From Binance
Binance plans to list FIS (which is on StaFi) into the innovation zone. The Innovation zone is simply a trading sector where individuals are granted the opportunity to make an exchange on the latest, innovative and unique tokens which stand a chance of having a high volatility rate. In order to make exchanges in this sector, users must first visit their original web trading site in order to gain enquiries.
Binance opened and initiated trading pairs of FIS on the 3rd of March 2021.
RockX Partnership
StaFi on the 18th of August, announced their long term collaboration with RockX, which is a service provider for staking, RockX is responsible for providing prominent blockchains with high end validating utilities and services. These supported blockchains include Oasis, Terra, Polkadot and so on.
RockX platform will be integrated into the StaFi network to provide expertise on decentralization and security.
CONCLUSION
StaFi is really setting itself up to be one of the best decentralized finance protocols or platforms with its recent collaborations and achievements. Their plans and prospects for various PoS programs really proves their true devotion for staking and liquidity. With its diversity schemes and programs its evolution is sure to be a phenomenon to watch out for.
For more relevant information, visit https://www.stafi.io
Article Written By : Adasofunjo Michael Oluseye
