A More Diverse StaFi Ecosystem in Collaboration with Ankr

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StaFi

3 min readSep 30, 2020

On 28th Sept, StaFi reached an agreement of cooperation with Ankr, a cloud service platform in the blockchain world. Ankr will provide an open and stable API service to facilitate StaFi’s development of the StaFi browser, wallet and other tools. Moreover, Ankr has also developed a string of node deployment applications for StaFi validators( nodes). It is a cost-effective and useful node delegation solution.

Backdropt

Traditionally, developers have to purchase servers and deploy nodes before getting on to the development process of StaFi’s tools. During the preparation phase, at times there will be unpredictable incidents which will waste both the time and the energy of the entire team. On the user’s end, they have to do the same preparation before running their nodes. It is quite a barrier for users who lack technical background. Moreovers, the StaFi team’s focus has been on the development of StaFi mainnet and Staking Contracts(SC), and so we are yet to develop the required tools for our developers and users. This makes the cooperation with Ankr absolutely necessary and urgent.

API Interaction Service

With the API interaction service provided by Ankr for StaFi, developers will not bother to buy servers or deploy nodes. They can directly build visualization tools such as browser and wallet based on StaFi protocol. It will be a time-saver for them. Moreover, stable and useful tools will attract more developers to the StaFi code team, making the StaFi ecosystem more dynamic and diverse.

One-Click Node Deployment

For StaFi users, Ankr provides a convenient node application that they can deploy with just one click. This will drastically reduce the cost of creating nodes and their maintenance. Therefore, this is regarded as a node delegation solution that is both cost-effective and easy-to-use.

With Ankr’s service, StaFi users can quickly deploy their nodes on the StaFi chain. Let’s say, there’s a user who holds a vast amount of FIS, and who wants to nominate a node by his/her FIS. However, this user does not trust other nodes. The user can create his/her own node with just a few steps using the node deployment application provided by Ankr. Thereafter, the user can nominate his/her own node. Inflation benefits will also come in. It should be noted that the user’s node must be shortlisted in the validator list, which currently has 120 seats, to enjoy system rewards.

Possibilities

Ankr is a stable and highly stable partner for StaFi. Before the two parties reached cooperation, Ankr had already been collaborating with leading projects in this sector, especially the ones in the Polkadot ecosystem. As one of the Polkadot projects which applies Substrate framework, StaFi, jointly with Ankr, will provide useful tools for developers and users, and bring more possibilities to the Polkadot ecosystem. It is definitely something to look forward to.

In the days ahead, Ankr and StaFi will channel each other’s community for mutual benefit. For StaFi, the node network will be further expanded and all community members will operate StaFi nodes in a convenient way. That will make the StaFi network even more secure and decentralized.

About Ankr

As a distributed computing platform, Ankr seeks to make use of idle computing power of data centers and marginal equipments. Through Ankr, corporations and individual users can trade their free computing resources for economic benefits, by providing the resources to private servers, private clouds or even public clouds.

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.

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