2022 Q2 Roadmap— Building StaFi Open Infrastructure

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StaFi

5 min readApr 1, 2022

We are extremely excited to share that StaFi has, fortunately, figured out how to build an open Staking Derivative architecture solution during Q1 of 2022.

Q1 Review

Our plan in Q1 was to establish a preliminary open architecture of Staking Derivative in order to realize the scalability of the StaFi protocol, and establish an efficient SDK for engineering starting from StaFi Hub.

This is easier said than done. Looking back, the development and modeling of the SDK took longer than we had expected. We tried to communicate with our partners about SDK only to figure out that not all developers can understand it. Then we realized that an open SDK needs to be more simplified and for that the documentation still needs to be constantly improved, and to be honest, this is much more difficult than we anticipated. But the good news here is that although there are numerous obstacles, everything is still proceeding in an orderly manner, and we have accumulated a great deal of experience during this time. Last week, StaFiHub announced that it will be launched on the testnet.

Before the setting up of the open architecture, we also completed a highly crucial task in Q1, that is rDEX. rDEX is a closed loop that the StaFi Protocol needed to build in order to achieve an absolute rToken liquidity market, which enables the StaFi Protocol to operate autonomously. Liquidity is the foundation of all rToken Adoptions, be it Lending Protocol, Indexed Protocol, or any cooperation related to Listing, liquidity support is essential. rDEX is a DEX specially customized for rTokens which boasts low slippage and small scale. In terms of the effectiveness of trading assets, rDEX TVL is $1.54 Mil USD and supports 8 rToken trading pairs in the Bootstrap stage, which are able to meet some basic liquidity needs, but that’s far from enough.

Other priorities include V3 of rToken APP, V2 of rDEX, open architecture of StaFi Chain, community building, partner communication, etc., which are all in progress in a timely manner. In general, no matter what the market situation is, we will still strive to stick to our Roadmap and deliver our best.

Plans in Q2

Our focus in Q2 will be on the continued development of StaFi Open Architecture (SOA) . Changes brought by the SOA, such as security, Tokenomic, infrastructure, etc., need some soul-searching and related work so as to support open architecture design.

StaFi Open Architecture

The plan for Q2 is relatively simple. The top priority is to improve the StaFi Open Architecture(SOA). This architecture has guiding significance for the subsequent architecture. To understand the development of the StaFi Protocol architecture, check this graph below.

The above figure categorizes the StaFi Protocol into multiple open architectures, including StaFi Chain, StaFiHub and StaFi Parachain, etc,. We believe that the future will be an era of multiple sub-chains, and the SOA is by no means limited to these three areas. For example, Avalanche recently released Subnet. It is also a possibility for StaFi Protocol to launch a supporting StaFi Subnet in the future to meet Subnet’s requirements for Staking Derivative.

In the days to come, StaFi Protocol will create SOA for different sub-chain systems to realize the vision of StaFi Protocol. A new concept similar to StaFi Subnet will come out in the near future, so we will start creating a set of standards for Staking Derivative open architecture based on the open architecture of StaFiHub.

Our goal for StaFiHub is to complete multiple rounds of Testnet testing in Q2, at the same time launch 1~3 cooperation projects, and be ready for the final launch. StaFi Chain will implement a multi-chain deployment architecture to meet the multi-consensus system requirements it faces, such as deploying rToken on a third-party chain, equipment that needs to improve its economic model, etc. And StaFi Parachain and StaFi Subnet will enter the exploratory research stage, and we will announce our phased research results after that.

rDEX V2 and its StaFiHub Version

rDEX has completed the initial liquidity boost. Due to market influence, we have not started with the liquidity incentive activities. Additionally, the design of rDEX also needs to be improved to better meet the direction of low-frequency transactions considering that most of the stakers are long-term holders, and the transactions of rToken are low-frequency transactions. These are two points that need to be optimized next: liquidity and trade experience.

Another important consideration is that we will be deploying rDEX on StaFiHub. rDEX deployed on StaFi Chain is limited due to the liquidity and cross-chain problems of Native PoS Token, and it can only create rToken/FIS trading pairs. The version of rDEX on StaFiHub will be different, the SDK will allow more cooperation with the Target PoS chain community, and the initial creation of liquidity will be done by the community of the Target Chain. With this version, the establishment of rToken/Token trading pair will not cause any financial problems to StaFi Core, and based on this the incentive activities can also be carried out. This guarantees the sustainable development of rToken on StaFiHub.

Staking Infrastructure Development

This is regarding the development of rToken-based application tools. The development work has many details and it is very important. For example, our next tasks include ETH2 Merge, rTokenV3, Website optimization, etc., which will be re-designed and reviewed with the development of the open architecture.

This is just to give some details of the current stage, for most of the work may be inconspicuous in the eyes of the community, but it is especially important for the overall experience, which is also very beneficial for the adoption of StaFi. We will keep updating with the community about our status during the Q2 development process.

In addition, we are still building the core DAO community. The DAO community will be launched from StaFiHub, you can check the latest progress from our forum or Discord.

Sustainable Tokenomic Research

Based on the design of the open architecture, $FIS’s Tokenomic will face many challenges, such as the security issues of multi-chain architecture, the value capture of FIS, etc. The design of StaFiHub has opened our minds, which can help us determine how FIS can lift its value in the whole architecture.

We are also writing StaFiHub’s Tokenomic Paper, and will announce our research results to the community before StaFiHub goes live.

Last Word

In a nutshell, Q2 in 2022 is a period that holds high expectations. In this period, we will begin StaFi Protocol’s verification of the open architecture. We expect this architecture to build the first open Staking Derivative Layer1 in the Crypto world.

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.