StaFi · About

StaFi is a decentralized finance protocol that pioneered the unlocking of assets that individuals had previously locked in staking. Through StaFi or Staking Finance, users can add their cryptocurrency to a staking pool and receive tokens in return. Before StaFi, trading cryptocurrencies with staked assets was not possible. Now, using FIS tokens—governance tokens that can represent various cryptocurrencies—users can trade these assets and earn passive income. Stafi (FIS) also plays a role in securing the ecosystem through staking and transaction fees paid with FIS. Additionally, the protocol enables minting rTokens, providing users with multiple income streams. Built on Polkadot, StaFi operates as a fully decentralized, standalone blockchain using Substrate technology, facilitating interoperability via the Polkadot Relay Network. It functions similarly to Ethereum-based revenue protocols but is limited to staking. rTokens are issued based on staked PoS tokens and can be traded on DEX platforms while earning staking rewards. The system also supports APIs for decentralized marketplaces trading rTokens. rTokens are created using contracts on the Substrate platform, which incorporate P2P networks, consensus mechanisms, and staking features—making rToken Substrate compliant but not ERC20 compliant. A bridge between Ethereum and StaFi allows rTokens to be converted into ERC20 tokens, enhancing interoperability. The protocol supports reward tokens for its own ecosystem and Ethereum tokens, with plans to incorporate other PoS tokens in future updates. StaFi was a pioneer in enabling staking-based trading and passive income, addressing the liquidity issues faced by stakers, and promoting PoS adoption among developers and enthusiasts. You can purchase StaFi tokens on various exchanges, check the current FIS price on the Markets page, or explore more details via the Overview page, which offers market data, charts, historical performance, and returns.