Introduce the concept of $rSEI and its potential to Boost the Sei Ecosystem
rSEI Introduction
In early April, rSEI, the pioneering Liquid Staking Token (LST) developed based on the SEI EVM, was launched on the Sei v2 testnet. Meanwhile, its development leverages the EVM LSD development framework of LSaaS (Liquid Staking as a Service) in StaFi 2.0, facilitating rapid development and deployment of LSD solutions.
As of now, several issues have been identified and promptly fixed to provide users with a robust and efficient staking experience. This testing phase is essential for optimising the functionality and reliability of rSEI.
The Initiative of rSEI on Sei Network
To expand the reach and utility of rSEI, we are thrilled to introduce rSEI to the Sei community. The introduction of rSEI will provide the Sei ecosystem with more stable staking and liquidity support. This will also help balance between the SEI token liquidity and network security, and provide long-term sustainability for the ecosystem.
Moreover, the development of rSEI using EVM LSD Stack represents yet another innovative use case for StaFi LSaaS. This advancement signifies a significant milestone in StaFi’s journey towards establishing itself as the LSD Infra Layer.
As SEI’s EVM is nearing its v2 release on the mainnet, rSEI is still undergoing testing on the testnet. In addition to thorough internal testing, the StaFi team warmly welcomes community members to actively participate in the testing process. Any feedback submitted will be highly valued. Let’s look forward to the launch of rSEI on the mainnet together!
Reference
- rSEI App on the Sei v2 Testnet: https://test-app.stafi.io/gallery/evm/SEI/?net=SEI
- Read More About StaFi LSaaS: https://mirror.xyz/0xBABf7e6b5bcE0BD749FD3C527374bEf8919cC7A9/LcdMXKYoAddQEdAVBzpiVg2sLuUcQS2UaAiFltRZuNg
- Feedback Submission: https://discord.com/invite/QZhn66NacA
About Sei Network
Sei is the fastest Layer1 that combines the advantages of Ethereum and Solana: the dominant development standard of Ethereum with the performance of Solana. The V2 update for Sei makes it the first parallelized EVM. Serving as a new scaling approach for the Ethereum ecosystem while achieving even faster speeds than Solana. Sei launched its mainnet in 2022 and has a growing ecosystem with key teams from Ethereum, Solana, Polygon, Arbitrum, and others deploying. The team is backed by Multicoin Capital, Jump Crypto, Coinbase Ventures, Circle Ventures and many more.
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About StaFi 2.0
StaFi 2.0 will be a major upgrade and rebrand. In terms of positioning, StaFi will transform from a multi-chain LSD protocol to an LSD Infra Layer, and the brand will also be upgraded accordingly. In terms of tokenomics, FIS will introduce a burn mechanism and add new utilities. In terms of security, on top of the existing chain security, it will support contract layer security, including support and frameworks for multiple VMs such as EVM and WASM.
Read more about StaFi 2.0.
