StaFi officially announce rSol liquidity solution for solana staking.
Liquidity is the degree to which a particular assets is bought or sold in the market, without affecting the market price. But in the context of cryptocurrency, liquidity is the ability of a coin to be converted into flash or other coin.
In a liquid market, prices are much fairer because there is large number of buyers and sellers, therefore an equilibrium price is created to ensure price stability.
StaFi is the first Defi protocol concerned with unlocking liquidity of staked assets, whereby stakers can easily stake their PoS tokens through StaFi and in return receive rTokens, these rTokens are available for trading while still earning staking rewards.
StaFi is excited to announce the launch of the rSol solution which will solve the staking liquidity problem for solana community.
Solana is a blockchain platform for decentralised apps that uses Sol for its transactions, it also aims at improving blockchain scalability by using a combination of Proof of Stake and Proof of History consensus mechanism.
rSol is a decentralised DeFi product produced by StaFi that will solve the liquidity problem of staked Sol on solana mainnet.
rSol is issued by StaFi when stakers stake their solana token through StaFi rSol App.
rSol App will solve two major problems encountered by Sol stakers:
1) Waiting period
with rSol there is no 3days waiting period before stakers can withdraw the Sol asset, rSol App user can transfer or trade rSol assets at any time to liberate liquidity and hedge the price.
2) Complicated consensus mechanism
There is no need to learn the complicated tower BTT consensus mechanism or staking reward calculation rules if you want to maximize staking rewards. With rSOL App, users only need to follow a few steps to deposit SOL into the rSOL contract, which will automatically select the best validator to delegate by the profit maximization strategy.
Stakers can reduce the staked Sol and subsequent rewards at anytime through rSol App, after receiving the requests of redemption.
StaFi long term value is to provide liquidity solution to for all PoS project making it easier and more flexible to achieve seven rTokens solutions which includes rETH, rBNB, rFIS, rDOT, rKSM, rATOM and rMATIC Solution.
