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StaFi is a cross-chain staking derivative protocol. Users are able to stake proof-of-stake (PoS) tokens on StaFi and get rTokens, which are available for trading and staking rewards. rToken refers to a synthetic staking derivative issued by the platform to users when they stake PoS tokens on the StaFi rToken App. The rTokens are anchored to the PoS tokens staked by users, as well as the corresponding staking rewards. The rTokens are transferable and can be traded.
rToken means reward-Token. Whenever users stake PoS tokens on StaFi, they get an equal number of rToken in return. The token lets users get staking rewards and access liquidity by trading rTokens directly. Users can redeem the corresponding number of staked tokens as needed.
StaFi encompasses three layers—the bottom, contract, and application layers.
- The bottom layer is based on a blockchain system established by Substrate.
- The contract layer supports creating staking contracts. The token holder is able to stake via a staking contract and obtain rTokens.
- The application layer supports third-party Stafi-based APIs with the creation of a decentralized bonded asset trading market for the tokens to circulate, transfer, and trade on the StaFi protocol.
About StaFi Protocol
