StaFi 2021Q2 Roadmap: rDOT/rKSM/rATOM Launch, StakingDrop2, rSubstrate and rTendermint Booming
Introduction
rDOT and rKSM Apps are Live on Testnet Now
Stafi deployed a UI version of rDOT and rKSM Apps on the testnet Seiya now. Stafi welcomes the community to test and submit prospective bugs to win bug bounty.
furthermore, Stafi have invited CertiK team and third-party security expertise to work with us to make rDOT and rKSM contracts secured and authenticated. It is very essential to make all the prospective security bugs clarified, because the rDOT and rKSM contracts will aid StaFi develop the general and standardized solution for all the Substrate based projects.
In fact, rDOT and rKSM mainnet will go to market in April after all the security bugs are clarified.
rDOT and rKSM Apps are coming🚀
💻 rDOT Testnet:
https://test-rdot.stafi.io/rDOT/wallet
💻 rKSM Testnet:
https://test-rdot.stafi.io/rKSM/wallet
https://twitter.com/StaFi_Protocol/status/1377276484730068992
Reviewing Q1
At the first quarter of the new year, Stafi brought out the milestone rETH and rFIS App. He also made the two-way cross path linking StaFi Chain and Ethereum accessible. The improved version of rDOT/rKSM was launched same time. As for the marketing feasibilities, the native token of StaFi was successfully listed on two top-tier exchanges: Binance and Huobi Global. To our users, Stafi have created a myriad of Infographics about rToken, facilitating the community’s understanding of the ideology and mechanism of rToken in a more exciting and direct way.
previously, StaFi has made solid progress as far as the application of rToken products are concerned, with two rTokens brought out publicly. TVL lock-up value of the two products reached 31 million USD even without liquidity mining, which isnt an easy task to say the least.
On the other hand, Stafi have also realized that there are two challenges that needs to be tackled:
1)The types of rTokens are rather minimized, with only two being able to be accessed.
2)rTokens do not have liquidity in DEXes.
The first problem is an impediment to the flourishing rToken ecosystem, as rToken cannot be an important Staking Derivatives market player without a host of different rToken assets. In the mean time, the second issue will affect the adoption of rTokens, since Minting a circulated rToken certificate for users is just the beginning of the business. It’s all about the liquidity of rTokens. Only when rTokens are freely circulated with a consistent price, in secondary markets such as DEX, will the liquidity dilemma of Staker’s Staking assets be conclusively solved.
In the second quarter of 2021, StaFi will focus on these two problems. Stafi will solve them by promptly releasing more rToken Apps and improving the liquidity of rTokens in DEXes.
2021 Q2 Roadmap
rToken Development
Stafi plan to bring out rDOT/rATOM/rKSM in April, which is quite speedily worked upon. Amongst them, rDOT and rATOM will lay the solid foundation for the scale of rToken assets. They are believed to be the common solutions for the staking liquidity of Polkadot and Cosmos ecosystems respectively. Going forward, on the strength of the above two products, Stafi can quickly create rToken solutions for Substrate-based and Tendermint-based PoS projects. The category of rTokens will be enlarged in the near future.
In our planning, Stafi will launch 6 to 10 new rTokens in Q2, in other for it to be at most a dozen rTokens covering most of the mainstream PoS projects. The rToken product matrix will start taking shape.
rSubstrate Solution
StaFi plans to develop rSubstrate solution, which is a general solution that unlocks the staking liquidity for the Polkadot ecosystem projects. The solution will be specified on the rDOT App.
With the aid of rSubstrate, the engineering teams of Polkadot projects will save tons of time and energy, drastically enhancing efficiency. At the same time, Stafi is cooperating with projects which are involved in Polkadot Parachain auction PLO, such as Plasm, ChainX, and Equilibrium. Stafi will provide them with locked DOT liquidity solutions.
rTendermint Solution
StaFi plans to build rTendermint solution, which is a general solution that unlocks the staking liquidity for the Cosmos ecosystem projects. The solution will be specified on the rATOM App.
Using rTendermint, StaFi will promptly create rTokens for our Cosmos ecosystem partners including Terra, Band, Oasis, IRISnet, etc.
StakingDrop 2
To liberate the liquidity of rToken in the secondary market such as DEXes, StaFi plans to launch the rToken pair liquidity mining plan in Q2. The campaign is designed for users who support the liquidity for rToken pairs on Uniswap. Till now, Stafi have finished the product development and rule design of StakingDrop. The campaign will be launched after rDOT, rATOM, and rKSM are released.
Testing the Waters
Stafi will focus on rToken assets and liberating the liquidity of the rToken in the secondary market in Q2, but StaFi will also test some new innovations and tracks, such as providing liquidity solutions for projects such as Matic, a second-tier solution to Ethereum. For instance, Stafi will try to provide liquidity solutions to Uniswap V3 NFT LP tokens. We will also reach out to ecosystems other than Polkadot or Cosmos, like Solana, Near, Avalanche, etc.
Conclusively
In the second quarter, StaFi will put the expansion of the rToken category and StakingDrop2 high on our objectives. At the mean time, the team will also seize every chance to push forward the development of StaFi, developing a more prosperous Staking Derivative ecosystem. In Q2, 2021, the expanding effects of various rToken products, which will cover most mainstream PoS projects, will be very clear. Therefore, the next three months will be a critical period for StaFi protocol. Stafi hope that you can partake in building a brighter future for StaFi.
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. FIS is the native token on StaFi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the StaFi chain, and mint & redeem rTokens.
Website: www.stafi.io
rFIS Product: https://rtoken.stafi.io/rfis
rETH Product: https://rtoken.stafi.io/reth
Twitter:@Stafi_Protocol
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann
Discord: https://discord.com/invite/jB77etn
Forum: https://commonwealth.im/stafi
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