Stafi update: FIS Live price, price chart, news and markets

The FIS price update as of now is $0.4324. In the previous 24 hours, its trading volume was $15,656,136, and its value has increased by 1.01%. As of now, FIS's live market cap is $47,153,739, and it is ranked as the #572 on the Coincu. FIS has a circulating supply of 109,052,513 and a maximum supply of 109,052,513.

Discovering Stafi: Enabling Connections Between DeFi and Staking in Polkadot's Ecosystem

Stafi presents an innovative concept that aims to bridge the gap between the DeFi and Staking trends within Polkadot's ecosystem. By introducing liquidity for staked assets, Stafi revolutionizes the way users interact with these assets in the protocol.

Unlocking Liquidity through Stafi

Stafi, known as Staking Finance, is a DeFi protocol specially designed to unlock the liquidity of staking assets. To tackle the inherent conflict between liquidity and security on the token's mainnet, the protocol introduces a new token known as rToken (Reward Token). This groundbreaking approach provides liquidity for staking assets, opening up new possibilities for users.

What Goals is Stafi Pursuing?

When users stake Proof of Stake (PoS) tokens via Stafi, they receive an equivalent amount of rToken as a reward. The introduction of rToken significantly increases the staking ratio, potentially up to 100%, and enables trading. The STAFI Protocol guarantees the security of this process by ensuring that rToken is the only collateral that can be utilized to redeem staking blockchain assets such as Tezos, Cosmos, and Polkadot.

The number of rTokens is not limited and theoretically corresponds to the total number of tokens integrated in PoS projects. When rTokens are redeemed, a burning mechanism is activated, maintaining consistency with Staking Tokens.

rToken serves specific roles within the Stafi protocol:

• Earning staking rewards
• Facilitating transactions
• Redeeming rewards

Unique Advantages of Stafi

Stafi empowers users to stake PoS tokens and receive rTokens in return, providing a unique opportunity to simultaneously earn staking rewards and trade locked tokens.

Key highlights of Stafi include:

• Utilizing Polkadot's Substrate platform, Stafi inherits outstanding features such as fast transaction speed, low cost, and excellent interoperability.
• Stakers on Stafi can receive rTokens, enabling them to enjoy the flexibility of trading, withdrawing, exchanging, and holding fractional amounts of tokens.
• Investors can mint rTokens by staking according to the staking contract. These rTokens are destroyed when investors repurchase the original tokens. Additionally, investors have the option to sell rTokens on exchanges or hold them to receive staking rewards.

With Stafi, investors can maximize the potential of their staking assets, ensuring they are not simply locked and unusable.