StaFi Protocol Solving The Anxiety That Surrounds Liquid Staking
Staking in cryptocurrency is a process that involve committing your crypto asset to support a blockchain network and confirm transaction, staking is also a means of generating income in the crypto space due to the increase in interest rate for staking.
Staking involves crypto asset that support the proof of stake model to process payment.
In the face of limitation surrounding liquidity, liquid staking comes as an alternative to cover the risk that accompany illiquidity, complexity and centralization.
Liquid staking is an alternative to locking users’ stakes, it also allows crypto users to stake their assets and unstake anytime.
But oftentimes it is not so easy as it should be due to some difficulties especially when the staking protocol fail to meet its own side of the bargain, for instance when the delegators fail to put in work in protecting the network, which will lead to a slash in reward and in turn affect user’s reward/stakes.
Due to the sensitivity that surrounds liquid staking it is advisable to do your own research before putting your assets in any Defi protocol.
StaFi protocol is one of the few DeFi protocol that have shown capacity and credibility in bringing solution to liquid staking, StaFi have continue to upgrade their staking contract, eliminating the chances of exploitation or hack from fraudulent sources.
StaFi also ensures users get rTokens in return when they stake thier assets, rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App, their use cases have been created across different chain in the StaFi protocol.
Conclusively, liquid staking has numerous potentials, since it offers a more profitable route in the DeFi space, but the risk involve might scare users to invest their asset.
But with DeFi protocol such as StaFi, they have proven outstanding credibility over time, so you might want to stick with them.
About StaFi
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 . rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
