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Investing In StaFi (FIS) – Everything You Need to Know

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StaFi (FIS) is a popular DeFi staking protocol that was designed to help bring the traditional and decentralized economies together. The platform operates as an efficient staking derivatives ecosystem that supports assets across multiple blockchains. Users can unlock their liquidity when they leverage StaFi. Notably, the project derives its name from a combination of the words staking and finance.

What Problems Does StaFi Attempt to Fix?

The primary problem that StaFi helps to eliminate is lost liquidity. In a traditional staking scenario, a user would lock up their crypto for an extended time to secure passive returns. The main problem is that these users then have no way to access these funds while staking.

StaFi (FIS) - Twitter

StaFi (FIS) – Twitter

This locked liquidity can leave a trader open to massive losses, missed opportunities, and more. StaFi introduces a new way to participate in staking protocols without losing your liquidity. Users can leverage StaFi assets to trade and secure liquidity while securing passive staking income. This is ideal for many DeFi users who have lots of value tied up in NFTs or other collectibles.

Security

StaFi provides relief for security concerns as well. When you stake your assets directly to a blockchain, your asset remains in the control of that network. If something were to happen to the network, you risk losing your original asset and any potential returns.

StaFi provides a safer alternative to the status quo. The system functions as a unified portal for staking operations off the mainnet. This structure is more secure for stakers because their assets are not spread out amongst a variety of blockchains. StaFi stakers can access these networks from the security of the StaFi system.

Benefits of StaFi

There are a lot of benefits that make StaFi stand out. The protocol leverages staking yield tokens in a unique manner that enables users to unlock liquidity and maximize their returns. The protocol operates in an autonomous manner that is free from human error which adds to its efficiency.

Staking

Anyone seeking to secure passive returns staking should consider leveraging StaFi. The protocol streamlines the staking process and makes it so that anyone can see ROIs via its automated staking strategy. Best of all, your returns are paid directly to your staking wallet, which means you enjoy compounding returns using the system.

Accessibility

StaFi was built to be accessible to the masses. The developers made sure that the interface and controls were easy to follow and could be operated by newbies. The system features an intuitive interface that places the most valuable controls on the main screen.

How Does StaFi Work?

StaFi introduces some new technologies to the market to accomplish its goal of empowering DeFi users in new ways. The protocol enables a user to stake Proof-of-Stake assets more efficiently and securely. The process begins with users leveraging the interface to stake tokens via StaFi.

StaFi (FIS) - Homepage

StaFi (FIS) – Homepage

In exchange for the assets you stake, you receive tokens on a 1:1 exchange. These flexible digital assets are issued for all staking pools. As such, there is a large selection of tokens in circulation including rDOT, rATOM, rBNB, and many more. The important thing to note about these assets is that they are tradeable and redeemable at any time.

A user can leverage rTokens to unlock their staked liquidity and take advantage of opportunities they would have otherwise missed. This approach represents a major shift in staking strategies. Now DeFi users can secure passive returns while taking on active trading opportunities simultaneously.

Token

The FIS token is the main utility and governance vehicle for the StaFi ecosystem. This token serves many vital roles in the operations of the StaFi system, such as being used to pay fees and send value. It’s also required to mint rTokens. Notably, FIS is an ERC-20 token that is tradeable across Ethereum-powered DEXs including Uniswap.

rTokens

The token concept comes from the term “redeemable token.” These synthetic assets enable users to enjoy exposure to more ROI opportunities. They are designed to represent the underlying staked asset and can be redeemed for the corresponding value in the staked asset at any time. As such, rTokens are a powerful method that developers can use to improve liquidity.

StaFi (FIS) Consensus

StaFi operates as a PoS (Proof-of-Stake) blockchain. The system leverages a combination of nodes including StaFi Validators (SV) and StaFi Special Validators (SSV) to keep the protocol secure. PoS networks are more energy efficient and typically more scalable than their PoW (Proof-of-Work) counterparts. As such, many see PoS blockchains as the natural evolution of the market.

PoS networks are often more democratic than PoW networks as well. They eliminate the use of miners and enable all users to participate in the validation process without the need for any special tools. This approach lowers the bar for blockchain participation and provides more passive income opportunities.

Governance

StaFi is a community-governed ecosystem. Users can stake FIS tokens to vote on vital upgrades or changes to the system. Notably, the voting protocol is weighted. The more tokens you stake and the more value your vote holds. This style of community governance is very popular in the DeFi sector because it allows all users to put forth proposals and vote. Also, this approach to project management has been proven to help keep communities together as a project expands.

History

StaFi is incorporated in the British Virgin Islands, and was founded in 2019 by Tore Zhang and Liam Young. Notably, the project saw early investment from some major firms including Woodstock out of India and TGR Capital based in the Netherlands. The goal of StaFi is to help institutional investors secure more returns without taking on large-scale risk.

How to Buy StaFi (FIS)

Currently, StaFi (FIS) is available for purchase on the following exchanges.

Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.

The Kraken exchange offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)

Binance – Best for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from buying StaFi (FIS). Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

StaFi (FIS) – DeFi Evolved

Today, StaFi is a pioneering force in the DeFi market. The developers’ commitment to improving ROIs and lowering risk continues to invite new users to the ecosystem. When you consider the momentum at which staking options enter the market currently, it makes sense to provide some way to unlock all of that liquidity. StaFi provides the solution to this problem in an easy-to-operate way. As such, it serves a vital niche in the sector currently.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com