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Chihuahua Joins the StaFiHub Liquid Staking Ecosystem

StaFiHub and Chihuahua have signed a strategic cooperation agreement to work together to build and expand the liquid staking solution called rHUAHUA (rHUAHUA Solution) for Chihuahua’s native token $HUAHUA, based on StaFiHub’s Liquid Staking Solution. StaFiHub will work closely with Chihuahua to boost the adoption and third-party integrations of $rHUAHUA tokens in the Cosmos Ecosystem.

Chihuahua ($HUAHUA) is the first interoperable meme coin with a PoS blockchain built on Cosmos SDK, CosmWasm smart contracts, IBC enabled, and an upcoming Metaverse.

StaFiHub is a project built on Cosmos SDK, developed by StaFi protocol, to provide Smart Liquid Staking Solution for Cosmos Eco projects. StaFiHub is the first liquid staking project that innovates an automatic delegation algorithm that could maximize the staking rewards for stakers and decentralize the voting power for PoS chains.

Overview of the Agreements

1.Develop rHUAHUA Based On StaFiHub Liquid Staking Solution

StaFiHub has developed a Liquid Staking Solution for Cosmos Eco projects, so that they can effortlessly and quickly get their own liquid staking derivatives in a few days.

We are glad to share that StaFiHub has got the Development Grant from Chihuahua to help develop and deploy rHUAHUA solution on the StaFiHub chain. Every $HUAHUA token holder can stake $HUAHUA through rHUAHUA solution to earn staking rewards while still enjoying the liquidity of $rHUAHUA tokens, which can be transferred to or traded on any IBC chains any time they want.

2. Jointly Boost the Liquidity for rHUAHUA on rDEX

Both StaFiHub and Chihuahua agree on the importance of $rHUAHUA’s liquidity, which is the key to the success of the rHUAHUA solution. So Chihuahua Foundation and StaFi Foundation will jointly bootstrap the liquidity of $rHUAHUA in the following ways:

  • StaFiHub will deploy a pool for the $rHUAHUA and $HUAHUA trading pair on rDEX, an AMM DEX developed by StaFi and deployed on StaFiHub.
  • Chihuahua Foundation will provide at least 2% of total HUAHUA tokens for $rHUAHUA and $HUAHUA pool as the initial liquidity for at least 6 months.
  • StaFi Foundation and Chihuahua Foundation will jointly launch a co-incentive liquidity farming program to bootstrap the liquidity for the $rHUAHUA trading pair on rDEX.

3. Co-marketing for rHUAHUA Solution

StaFiHub and Chihuahua will work together to promote the rHUAHUA solution on the Cosmos community to expand the adoption, including the marketing and user education activities like AMA, etc.

4. Third-party Integrations for $rHUAHUA Token

StaFiHub and Chihuahua will work together to create more usage scenarios for $rHUAHUA token holders by third party integrations, such as more trading and lending platforms in the Cosmos Ecosystem.

Conclusion

StaFiHub will keep working with other Cosmos projects to help them have their own liquid staking derivatives based on the StaFiHub Smart Liquid Staking Solution.

StaFiHub is an important part of StaFi’s liquid staking derivative ecosystem to expand into the Cosmos ecosystem. We are thrilled to have Chihuahua in StaFiHub’s liquid staking ecosystem. We will put in our effort with Chihuahua to expand the rHUAHUA Solution’s adoption and make the $rHUAHUA token one of the popular assets in the Cosmos community.

About Chihuahua

Chihuahua ($HUAHUA) is the first interoperable meme coin with a PoS blockchain built on Cosmos SDK, CosmWasm smart contracts, IBC enabled, and an upcoming Metaverse, establishing itself as a key pioneer and player in the Cosmos Ecosystem.

Website | Twitter | Telegram | Discord

About StaFiHub

StaFiHub is a Cosmos SDK built project developed by StaFi protocol to provide Smart Liquid Staking Solution for Cosmos Eco projects. With StaFiHub, Cosmos Eco projects to easily and quickly get their own liquid staking derivatives in a few days. StaFiHub is the first liquid staking project that innovates an automatic delegation algorithm that could maximize the staking rewards for stakers and decentralize the voting power for PoS chains.

Website | StaFiHub App(Testnet) | Twitter | Discord

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StaFi_Protocol A Decentralize Protocol to Provide the liquidity of Your Staking Assets