STAFI PARTNER WITH POLKALOKR TO PROVIDE THE BEST SOLUTION TO DEFI SPACE CHALLENGES

Michael Oluseye
3 min readJun 25, 2021

INTRODUCTION

StaFi , is a decentralized network system that deals with loosening the liquidity of users’ assets in the commercial market. The platform allows the user’s to trade and get rTokens employing the resources exchanged on the POS system which is synergized with Polkalokr finance with the essential target of creating a concentrated market and giving further progression to a decentralized network in the ecosystem. Their vital coordinated effort will allow users, token holders, and investors to procure rToken through exchanging and exchangeability of their financial resources on the administrative system.

ABOUT STAFI PROTOCOL

StaFi is the first finance DeFi network that integrates the unfastened of user’s financial resources of staked assets. It’s a finance system that permits the user’s to accumulates their tokens through exchanging and staking in the trading pool for further incentives rewards for the ecosystem.

HIGHLIGHTS OF STAFI PROTOCOL PLATFORM

StaFi is a decentralized system network that settles a larger part of the liquidity inadequacy for users in the ecosystem.

The system has viably managed the irregularities of price value variances in the market world and solves the antagonistic worries of vouchers through the execution of the mainnet which gives solidness and security to stakes in the environment.

CONCEPT OF POLKALOKR

Polkalokr is the decentralized platform system that incorporates multi-chain token securing for users in the ecosystem. Their essential principle objective is to foster trust among the users of the stage inside the Defi space by integrating multiple chain tokens and created in the regulatory framework through translating and furnish dependability with a reliable progressed insight for token holders for effortlessness and offering of frictionless assistance

Polkalokr system is a dependable protocol system, which provides functionality to intricacy token in a muti-chain platform by removing the human element and building a dynamic multi-chain token platform system that ensures seamless digital token utilization for staking and trading purpose.

THE USEFULNESS OF STAFI AND POLKALOKR COLLABORATION

StaFi joined forces with Polkalokr for the dynamic implementation to provide an answer to the frictionless staking deficiency of multiple-chain token which has affected the Blockchain system in ages, this evolution has already created amazement among the community members in the ecosystem.

StaFi is known to be the primary show of decentralized convention framework that viably opens the liquidity of stamped assets. The neighborhood identification of StaFi is FIS. FIS gives high security to the association of StaFi, fills in as the token for trade charge portion, and helps in stepping and recuperating rTokens on the StaFi Blockchain.

The show of StaFi involves three layers that are application, understanding, and base layers. These layers ensure the best understanding for the clients and traders enrolled with StaFi. The relationship between Polkalokr and StaFi is put together around working concerning the intricacies that give various advantages to the DeFi climate by addressing the liquidity burdens for the clients. The gatherings at StaFi and Polkalokr have clasped hands to help the standard gathering of decentralized money by setting out more stage frameworks for local area individuals. The association executes operational strategy through sending of the development of Polkalokr for the movement and locking of the identification of StaFi. Through the association, Polkalokr also hopes to research the utilization of the rTokens of StaFi to improve its convenience in the clients and financial backers of Polkalokr.

CONCLUSION

The synergy of both platforms will enhance massive development towards the goals of providing the best solution to the existing challenges that users experienced in DeFi space.

For more relevant information, visit https://www.stafi.io

Article Written By : Adasofunjo Michael Oluseye

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