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Seiya- Community report.

Stafi is pleased to announce that the Seiya network is doing great, work in the first phase completed: we tested of basic functions and the NPoS consensus mechanism. As of 00:00(GMT+8), July 9, 118 nodes worldwide have joined the Seiya network. 179,000 blocks were produced smoothly, ranking fifth in the current network of Polkadot peers.

Seiya is the first public testnet released by Stafi earlier this month (July 1). Seiya is the underlying network of Stafi Protocol. In the future, Stafi Protocol will create many staking contracts (SC) on Seiya.

During this period, we tested basic functions such as identity registration, transfer, validator registration, nomination, and withdrawal of rewards etc., to help validators with the problems encountered in building the node.

The network is running well with all blocks produced steadily and basic functions normal. While there are a few validator nodes facing low peer counts (number of P2P connections) numbers, this may due to the network environment and location of the node server. Stafi will keep on watching this in the future.

Phase 2:

We will add more consensus nodes in the next stage, expand the network scale, and do further testing. The number of elected nodes will gradually increase from 80 to 200. At the same time, we will also test some of the functions related to the airdrop at this stage to prepare for the upcoming incentive testnet. Please stay tuned.

What’s Next: An Incentive Testnet

Stafi expects to launch an incentive testnet by the end of this month. We will openly invite node operators with good reputation and capabilities from the open market. In addition, nodes with excellent performance in the Seiya testnet, as well as nodes with high contribution and high activity in the community, will be able to participate in the incentive testnet ahead of others.

Seiya network is still running, and more nodes are welcomed. You can familiar yourselves with Stafi network, so as to have a first-mover advantage when the mainnet is launched.

To join the Seiya network please refer to this article.

If you have any questions, please join our Telegram group where you can communicate with other node operators, Stafi team members and our founder Liam. We are more than happy to hear from you.

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, mint & redeem rTokens.

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StaFi Protocol is a decentralized protocol which provides the liquidity of the Staking Assets,such as XTZ, ATOM, Algo, etc,. StaFi solves the problem between token liquidity and Mainnet security by issusing a ABT token( Asset-backed token).

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