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What is StaFi and how to use rETH on imToken

StaFi is a decentralized protocol that provides a liquidity solution for Eth2 staking. It allows users whos staking amount is less than 32 ETH to participate in Eth2 staking and receiving the liquidity token rETH.

Currently, Eth 2.0’s Merge is expected to open after 2021. Therefore, withdrawing your ETH is only be retrieved when the transfer opens. However, with rETH, users can exchange rETH to ETH at any time on decentralized exchanges such as Curve and Uniswap.

1.Open imToken then go to ‘Browser’ and search ‘rETH’

2. Enter the amount then click “Stake” for staking. Current page displays your ETH APR and the amount of rETH you will get. Please confirm the transaction, then click “Next”.

3. “Dashboard” shows the amount of rETH, APR and the amount of rewards.

4. If your want to exchange your rETH to ETH, please clicks “Exchange on Curve” to trade rETH on Curve.

5. Back to “Dashboard” and click on “Claimable” for claim your FIS reward (the token from StaFi), once you stake it for a period.

Learn more: imToken | Ethereum & Bitcoin Wallet

Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.




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