StaFi provides liquidity release solutions for staked assets, which launches its mainnet on September 7, 2020. It aims to address the conflict between network security and token liquidity in the PoS mechanism. To ensure the security of the network, PoS projects usually encourage users to stake their tokens. However, users who stake tokens may be exposed to price fluctuation. By staking tokens on StaFi, users will receive rTokens as a voucher which can be used to redeem the staked tokens and staking rewards. In addition, rToken can be traded in the secondary market or be put on the third-party protocol to earn yields.
There are two main types of tokens on StaFi: rToken and FIS. FIS is the native token of StaFi, with three main functions:
- Staking: Users need to stake FIS to become a validator or nominator.
- Transaction fee: To initiate a transaction on StaFi, users need to pay FIS as a fee.
- Governance: FIS holders can participate in protocol governance.
