1. Project introduction

StaFi protocol is a decentralized protocol unlocking liquidity of staked assets. It aims to solve the contradiction between Mainnet security and token liquidity in PoS consensus.

At current stage, it is necessary to improve the liquidity of Staking assets. The market value of Staking assets is increasing rapidly , when many assets will be locked due to safety matters. The liquidity value will diminish, too. Stafi protocol starts from the Staking assets and aims at creating a decentralized alternative asset issuance protocol.

StaFi is a 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 short for reward-Token. When users stake PoS tokens through StaFi, they will receive an equal amount of rToken in return. For example, rAtom represents staked Atom, while rXTZ represents staked XTZ. rToken allows users to receive staking rewards and access liquidity any time by trading rTokens directly. Users also have the right to redeem the corresponding amount of staked tokens at any time.

2. Team introduction

Co-Founder & CEO: Liam Young

Linkedin: https://www.linkedin.com/in/liam-young-078b0ab3/

Co-Founder: Tore Zhang

3. Investment institution

Black Edge Capital, LD Capital, Stakely.vc, ZBS Capital, AscendEX, etc.

4. Application and distribution

Max. supply: 114,911,733

Token application:

FIS is the native token for Stafi Protocol, the initial issuance is 100 million, and there will be further issuance each year ahead. FIS to Stafi is similar to Dot to Polkadot, preventing system abuse and value capture. In Stafi, the specific functions that FIS acts as are as follows:

(1) Staking: Validators in Stafi consensus need staking FIS to join the consensus network, and the nominator who want to obtain motivation also needs Staking FIS to nominate.

(2) Tx Fee: In order to avoid system abuse, the initiator of a transaction has to pay FIS to get computing resources. In this way, invalid transactions will be eradicated.

(3) On-chain governance: FIS holders can participate in the tinkering of Stafi Protocol parameters, vote for Protocol upgrade and determine development courses. Anyone can hand in proposals to the Protocol, but only holders of FIS can vote for or against a proposal, 1 FIS account for 1 ballot.

Token distribution:

Advisors: 6.0%

Seed Round: 5.7%

Team: 15.0%

Private Rounds: 6.1%

Public IEO: 0.8%

Foundation: 21.4%

Community Rewards: 40.0%

Ecosystem Growth: 5.0%