StaFi Staking Letter #2
The StaFi Staking Letter is a weekly digest that encapsulates StaFi related proposals, governance developments, and ongoing activities.
Product & Development
rLaunchpad is Live: https://www.stafi.io/rlaunchpad/
rSOL Migration Progressing: rSOL will issued from StaFi Chain to Solana, testing is underway, and we'll keep you updated on the launch date.
Cosmos rToken Migration in Development: Stay tuned for the upcoming migration of Cosmos rTokens from StaFi Hub to Neutron.
The rETH functions have been deployed on the Holesky Testnet and passed a series of tests
Governance & Proposal
[Discussion Draft] Integrating Obol with the StaFi Router: Open for review
[SIP-10] rLaunchpad Program: Approved by the community
[SIP-11] Migrate StaFiHub to Neutron: Approved by the community
DAO Financial Report - December 2023: https://dao.stafi.io/t/stafi-dao-monthly-report-december-2023/149
DAO Budget Plan - January 2024: https://dao.stafi.io/t/january-2024-budget-plan/148
rToken Integration & Incentives
The StaFi Foundation is unwavering in its commitment to enhancing liquidity across multiple DeFi platforms. To further this mission, we've rolled out generous incentives for liquidity providers on platforms like Velodrome, Wombat, Curve, Kyberswap and Thena. Here's a snapshot of our recent contributions:
Curve rETH/ETH pool : 13856 FIS
Aura Balancer rETH/ETH pool : 30000 FIS
BSC Wombat rBNB/BNB pool: 3900 FIS
Thena Wombat rBNB/BNB pool: 4000 FIS
Quickswap rMATIC/MATIC pool: 10000 FIS
Osmosis rATOM/ATOM pool: 30000 FIS
rETH Mint Drop: 38000 FIS
More incentive detail and tutorial: budget plan
Community
Community Call December 2023
On December 7, StaFi community call was held, introducing StaFi rLaunchpad, which sustains the development of rTokens in the future LSD market. The benefits of rLaunchpad program includes:
1) Community-driven: FIS holders have direct influence on ecosystem expansion
2) Decentralized: Transparent voting process ensures community participation.
3) Sustainable: Encourages long-term growth and development of the StaFi ecosystem.
The session, led by StaFi DAO members, delved into the significant progress in SSV DVT integration for rETH mainnet launch, the removal of rDOT and rKSM and the migration of rSOL. The financial transparency and governance initiatives were also highlighted, ensuring a clear view of StaFi’s growth trajectory and future targets.
Recording:
Summary: https://dao.stafi.io/t/stafi-community-call-for-december-9/136/1
FIS and rToken Status Update
On December 13, StaFi FIS and rToken Status was updated, which included the current overview of FIS, treasury FIS details, the amount of staking tokens, TVL, and rToken supply.
Check more details.
About StaFi
StaFi protocol is the first liquid staking protocol for multiple POS blockchains. StaFi aims to solve the contradiction between Mainnet security and token liquidity in PoS consensus.
Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App . rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
To date, the platform has released up to 10 various liquid staking solutions including rETH (StaFi Staked ETH), rMATIC, rBNB, rATOM, among others.