As Proof of stake continues to grow, the task of helping validators unleash the liquidity of staking assets while ensuring the security of the original chain remains.
The integration of rToken by StaFi has curbed the above problem. With rTokens, billions of dollars of staked assets can circulate without the need to unstake.
It solves the liquidity dilemma of staking, and increases the willingness of both crypto enthusiasts and blockchain developers to participate in PoS consensus.
In the quest to provides a standard solution for liquidity of staking assets, empowering hundreds of PoS projects, and liberating assets. rToken’s solution has been implemented on three main public chains: ETH 2.0, Polkadot, and Cosmos. It does not only provide liquidity solutions but also provides a standardized protocol of rToken for all PoS projects.
In addition to provides rToken staking liquidity solutions for PoS projects. Stafi protocol liquidity solution has been granted by the Polygon network. This will allow users to stake MATIC token through StaFi rMATIC and get rMATIC token in return.
About the Grant
In July 2021, StaFi was honoured to win the Grant from Polygon foundation, the first well-structured and easy-to-use platform for Ethereum scaling and infrastructure development. This fund will be used for the research and development of rMATIC, the Polygon network liquidity staking solution provided by StaFi. Moreover, the Polygon foundation will also give the technique and adoption support for rMATIC. Thanks for Polygon’s recognition for StaFi and rMATIC.
rMATIC is a liquidity solution to solve the Polygon mainnet token MATIC staking. The users could stake MATIC token through StaFi rMATIC to get rMATIC token which helps a synthetic staking derivative issued by StaFi to users when they stake MATIC through StaFi rMATIC product. rMATIC tokens are anchored to the MATIC assets staked by users and the corresponding staking rewards. rMATIC tokens can be transferred and traded at any time.
In addition, StaFi will do the best to create application scenarios for rMATIC token, such as trading on Uniswap or QuickSwap anytime and anywhere, yield farming, and lending. At the same time, rMATIC solution can improve the staking rate and enhance security for the Polygon network.
The Grant from the Polygon foundation could help rMATIC solution reach a wider range of users in the Polygon ecosystem to expand the user base for future development. StaFi will also better cooperate with the other projects and of Polygon ecosystem and jointly promote Polygon DeFi prosperity and growth.
StaFi protocol is providing a standard solution for the liquidity of staked assets, empowering hundreds of PoS projects,and liberating assets.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
About StaFi_Protocol
StaFi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App (https://app.stafi.io). rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
Website: www.stafi.io
Twitter: @Stafi_Protocol
References
https://link.medium.com/0BEinYwifib
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