THE RECENT DEVELOPMENTS OF STAFI PLATFORM
StaFi, a decentralized Protocol which opens up the liquidity of the staked assets, allows users to enjoy the staking rewards from their assets and still have the ability to profit from trading the derivatives tokens called rTokens.
In order to improve its services to its users, there has been varieties of developments in the StaFi ecosystem, some of which are…
PARTNERSHIP WITH ANKR SYSTEM
Stafi has yet reached another milestone, in its quest to deliver the best services to its users.
It has partnered up with the Ankr platform, to facilitate the creation of the different tools such as wallet and browser for the StaFi network and its users.
Ankr is a blockchain-based distributed computing system, which utilizes the idle computing power of tools and equipment, to provide different systems with the computing power they need to function effectively.
This partnership which was recently announced is aimed at improving the StaFi network, as the API provided by Ankr for use on StaFi, will make the deployment of nodes on StaFi to be seamless, fast and cost efficient during the creation of any tool for the system.
PARTNERSHIP WITH THE OASIS SYSTEM
StaFi has also entered another partnership with one of the great platforms in the digital space called Oasis.
Oasis is a decentralized system, which is aimed at ensuring data privacy, by returning the ownership of data to the users, and also allowing them to earn greatly from their data.
The partnership between these two systems, StaFi and Oasis will allow the users of both systems enjoy the benefits associated with their data, as they are able to store data on the data storage tools provided by Oasis, and then earn from it simply by staking the data on the StaFi staking contract, giving organizations who need it, the authorization to make use of it, and in return get paid for the data, as StaFi issues out the rData to them.
PARTNERSHIP WITH UNILEND ECOSYSTEM
Another great development made by StaFi is the entrance into the Unilend system, a strategic partnership which was just announced for the benefit of both systems.
StaFi intends on introducing the rToken to the Unilend system, to allow users interact freely with the DeFi services of the system, and earn great benefits in return.
Being the representation of the actual staked asset, rTokens will be able to be used to enjoy the various DeFi services like trading, liquidity provision and even lending and borrowing on the Unilend platform.
This means that while a user on StaFi is enjoying the staking reward that comes from the rTokens, they can also earn from the aforementioned services on Unilend, with the rTokens.
PARTNERSHIP WITH BLUZELLE DATA NETWORK
To make its system and performance even better, StaFi has also adopted the Bluzelle network.
Bluzelle is a fully decentralized data system which is powered by Cosmos, which gives it the ability to process up to 10,000 transactions per second, and runs with the delegated Proof-of-Stake (dPoS), as its consensus mechanism. It carries out data storage and management services to the global users, providing data with great privacy and security.
Through this partnership, the Bluzelle database will help in the total upgrade of the StaFi staking contracts, which will enable the system function effectively and that the rTokens are profitable.
PARTNERSHIP WITH CHAINLINK ORACLE NETWORK
StaFi has just reached another partnership with a very reputable price oracle called Chainlink which gets price data from different sources, to facilitate the seamless exchange of the rTokens.
Through the partnership with Chainlink, users of the StaFi system will be able to enjoy accurate and reliable price feeds and exchange rates for the trade of their rTokens, ensuring that the staked assets are not heavily impacted by price volatility.
This way, everyone will be able to benefit from the rTokens at a great yield, due to the efficiency of the price data provided by the Chainlink Oracle.
Through all these partnerships, the users of StaFi will be able to enjoy unlimited benefits from the system.
This will also outstretch the benefits of the benefits of the StaFi system to other systems, as it is being introduced into various platforms.
For more information, visit https://www.stafi.io
Article Written By : Adasofunjo Michael Oluseye
Telegram Username: @Seyeski