Stafi (FIS) is a decentralized finance (DeFi) protocol designed to enhance the liquidity of staked assets. It operates on three distinct layers: the underlying layer, the contract layer, and the application layer. The underlying layer utilizes a blockchain system developed by Substrate. The contract layer enables the creation of various staking services for tokens like XTZ, Atom, and DOT. What’s unique is that token holders receive rTokens in addition to staking rewards. The application layer facilitates the circulation, transfer, and trading of rTokens within the Stafi ecosystem.
What is Stafi (FIS)?
rTokens, or reward tokens, are given to users who stake their Proof of Stake (PoS) tokens through Stafi. These rTokens, such as rAtom and rXTZ, represent the staked assets and can be directly traded to maintain liquidity. Users benefit by earning staking rewards and having the flexibility to trade their staked tokens at any time.
Stafi operates on a completely decentralized model, utilizing the Substrate framework and sharing its core consensus with Polkadot. Polkadot ensures the protocol’s security and performance. FIS employs a distributed key storage protocol with multi-signature support to secure staking addresses. This allows any third party to conduct decentralized asset trading on Stafi’s application layer, with all rToken transactions being transparent.
Where to Buy FIS Coin?
FIS Coin is available for trading on Binance, the world’s largest exchange by trading volume. It is listed in three pairs: FIS/BTC, FIS/BUSD, and FIS/USDT, with the current price hovering around $1.29. To acquire FIS Coin, users must first register on Binance, deposit crypto or fiat currency into their account, and then select one of the trading pairs to place a buy order.
Benefits of Using Stafi
Stafi offers several concrete benefits for its users:
– Enhanced liquidity for staked assets through rTokens.
– Decentralized and secure staking supported by Polkadot’s consensus.
– Flexibility to trade staked tokens at any time.
– Transparent transactions within the ecosystem.
– Access to a wide range of staking options for different tokens.
These advantages make Stafi an attractive option for those seeking to maximize the utility and security of their staked assets.
In conclusion, Stafi (FIS) provides a comprehensive DeFi solution for unlocking liquidity in staked assets while ensuring security and transparency through its decentralized protocol. Available for trading on Binance, it offers a valuable opportunity for users looking to optimize their staking strategies.