StaFi Network — A Truly Advantageous Decentralized finance Protocol And Solution that is ahead of it’s Contemporaries
The PoS (Proof Of Stake) chains are growing in numbers. But this has not helped the patronage of these chain networks, individuals are cautious of them, especially due to the lengthy period of unstaking. The PoS based chains are basically viewed as anarchists of the status Quo. Unlike chain networks that rely on Proof Of Work.
The Chain networks that rely on Proof Of Stake Mechanism have been seen today as a mildly unattractive phenomenon. The 21 day period it takes to just unstake, is seen as an annoying process for many users. Also, the rewards are based on the type of Validators utilized.
THE DECENTRALIZED FINANCE SITUATION
The (DeFi) Decentralized finance networks have been really prominent over the past couple of years, TVLs have been increasing & every one, both user and investor can also anticipate for the great journey ahead in it’s technological exploits.
Recently However, the enthusiastic anticipation has deteriorated, the Decentralized finance (DeFi) industry hasn’t been as prominent or as immensely innovative as it should be. Although the mainstream economy has adopted it’s system, more innovative platforms/ solutions must be released in order to change the field of DeFi. Solutions such as the StaFi network aren’t an exception.
StaFi network has started up a mission to rescue the PoS (Proof Of Stake) chains, freeing these chain networks from the clutches of Liquidity with Liquid Staking. When users stake their assets via StaFi’s network, the users are free from worrying about unbonding periods, it’s also a huge relief for Proof Of Stake chain stakers. Any individual that stakes through their protocol received r- tokens in return. The Staking Derivatives can be exchanged efficiently, which eliminates additional time for unstaking.
By permitting fund Users an efficient path out of their staking difficulties, StaFi network encourages more users to stake their funds on PoS (Proof Of Stake) Chains. This shows that Staking Finance Network is a great solution for PoS based chains.
MORE FEATURES THAT SHOWS THEIR WORTH
StaFi network’s approach towards the PoS based chains doesn’t end with r- token quick sales. Stake based rewards are even better via the StaFi network. The Staking Contract picks validators with great rewards, making sure that individuals obtain more rewards as opposed to when they go solo.
r- tokens were not meant for just trading. StaFi network is developing massive use cases for the Staking Derivatives. Presently, they can be utilized as loan collaterals on the liqee medium, which is a Decentralized finance lending Network.
r- token users have also savored the release of programs for Liquidity mining. For r- ETH users, they gain outstanding rewards on different Decentralized finance protocols, such as Curve.
Once the network opens the r- token multi- verse to more Proof Of Stake chains, their focus then switches towards developing the usefulness of these synthetic Derivatives to the Decentralized Finance spectrum. Considering that Staking Derivatives are kind of similar to wrapped Tokens, it’s only a matter of time before Interest Bearing token are more prominent on DeFi based protocols.
The StaFi network is really proving to be ahead of other DeFi based networks through its automated use cases for r- tokens. Decentralized finance & PoS based chains can be a spot for the conventional Cryptocurrency investor. StaFi network has asserted dominance in the DeFi sector as the 1st DeFi network that unlocks the Liquidity of staked funds. The platform has automated various partnerships with mediums such as Bluzelle, MoonX and so on. It is truly an amazing haven for all types of Stakers.
For more relevant information, visit https://www.stafi.io
Article Written By : Adasofunjo Michael Oluseye