ANNOUNCEMENT Stafi Protocol receives Grant from Web3 Foundation

We are pleased to announce that Stafi Protocol has received Grant from the Web3 Foundation. Stafi is proud to be part of the Web3 ecosystem. So far, the Web3 Foundation has funded 40+ projects from 19 countries.

The vision of the Stafi Protocol is to provide liquidity for deposit assets. Under the condition that the blockchain ID is not well established, obtaining financial services, especially obtaining money, through over-collateral will always be the most mainstream way. Stafi is bulit with Substrate and will rely on Web3’s ecosystem and Polkadot’s relay system to provide better liquidity for deposit assets of different types, different services, and different purposes.

At present, the ecology of Web3 is still under construction, and the projects that have received funding mainly focus on the construction,such as tools. Stafi’s strong technology and product capabilities combine tool development and upper-level applications, and ultimately create a product that can be used by public directly, which will empower the mass adoption of blockchain!

Finally, the Stafi team is grateful for the recognition of the Web3 Foundation. It is hoped that in Q1 of 2020, Stafi’s first product will be launched（the product that provides liquidity for Staking assets）, so stay tune.

About Stafi Protocol

STAFI Protocol solves the contradiction between the token liquidity and Mainnet security by issuing ABT tokens, which provides the liquidity of your Staking Assets. ABT token increases the staking rate to a higher level (100%, theoretically) ,and it could be tradable, its security is guided by Stafi Protocol which ensure ABT token is the only collateral that can apply to redeem staking assets from original staking blockchain ( Tezos, Cosmos, Polkadot, etc,.)

Website: www.stafi.io

Twitter:@Stafi_Protocol

Telegram: https://t.me/stafi_protocol