Cryptos: 9 180
Exchanges: 4
Market capitalization: $3.57T
Currency icon

StaFi
FIS

About StaFi

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 interope...

Interested To Stay Up-To-Date With Cryptocurrencies?

Get the latest crypto news, updates and reports by subscribing to our Telegram updated channel!

CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.

IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms "Site" is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

© 2023 CMC.IO. All rights reserved