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StaFi Cooperates with Liqee and dForce to Launch the Yield Farming Campaigns for rToken Holders

StaFi’s lending protocol partner Liqee will be live on 27 August, 2021, and integrate StaFi’s 3 rTokens including rETH, rDOT and rATOM as the first batch of staking derivative assets on its launch. See the details of this partnership.

With Liqee, StaFi’s 3 rToken, including rETH, rDOT and rATOM, could be used as collaterals to borrow underlying PoS staking assets, like supplying rDOT to borrow DOT or minting $USX (US dollar pegged stablecoin launched by dForce) .

In order to encourage the rToken users to experience the staking derivative lending products on Liqee, StaFi will jointly work with Liqee and dForce to launch the yield farming campaign for the rToken users on 12:00pm UTC, 27 August, 2021.

Campaign Introduction

The Third-party Yield farming campaign includes Three parts:

Part 1: Incentives for Minting rETH/rDOT/rATOM Tokens

1)StaFi will launch a FIS token reward pool valued at 700,000 USDT to reward the users who stake the ETH/DOT/ATOM three tokens through StaFi rToken App. The FIS rewards pool are allocated as the following:

  • Minting rETH: 200,000 usdt valued FIS tokens
  • Minting rDOT: 250,000 usdt valued FIS tokens;
  • Minting rATOM: 250,000 usdt valued FIS tokens;

2)The more ETH/DOT/ATOM tokens you stake through StaFi rToken App, the more FIS token rewards you will receive.

3)Users could directly claim the FIS rewards to his or her StaFi address on StaFi’s rPool App;

4)The FIS rewards have a daily vesting period over 3 months;

5)The FIS rewards are StaFi chain native, so please make sure you have the Polkadot JS wallet first before claiming the rewards. Check the Guide on Adding Polkadot JS wallet.

Part 2: Incentives for Supplying rETH/ETH and Borrowing ETH/USX on Liqee Ethereum DApp

1)Anyone who supplies rETH and ETH tokensand then borrows ETH or USX stable coins on Liqee Ethereum DApp are entitled to win the rewards;

2)Both Supplying and borrowing will be rewarded;

3)Start from 12:00pm UTC, 27 August, 2021;

4)A weekly total of 56,000 LQE, 1,260 FIS, 10,000 DF will be distributed through liquidity mining to users participating in lending, borrowing and minting USX (USD stablecoin launched by dForce) on Liqee, with the following gauge:

Part 3: Incentives for Supplying rTokens/PoS tokens/USX and Borrowing PoS tokens/USX on Liqee BSC DApp

1)Anyone who supplies rETH/rDOT/rATOM and ETH/DOT/ATOM tokens, and then borrows ETH/DOT/ATOM or USX stable coins on Liqee BSC DApp are entitled to win the rewards;

2)Both Supplying and borrowing will be rewarded;

3)Start from 12:00pm UTC, 27 August, 2021;

4)A weekly total of 101,500 LQE, 8,740 FIS, 10,000 DF will be distributed through liquidity mining to users participating in lending, borrowing and minting USX (USD stablecoin launched by dForce) on Liqee, with the following gauge:

Special Note

  • Liqee token (LQE): this is retroactive liquidity mining, participants are able to view the balance of mined LQE on Liqee, but cannot claim and withdraw LQE to your wallet before the Token Generation Event (TGE), and may be subject to vesting or lock-up schedule after the TGE (timing, schedule and other details to be disclosed).
  • StaFi token (FIS): participants are able to view and claim accrued FIS on Liqee, and withdraw FIS to your wallet at any time.
  • dForce token (DF): participants are able to view the balance of minted DF on Liqee, but can only claim and withdraw DF to your wallet after 12:00pm UTC, 10 September, 2021.
  • If you want to know more details about this campaign, please check Liqee Genesis Liquidity Mining.

References

1)Liqee Portal: https://liqee.io/

2)StaFi rToken Portal:https://app.stafi.io/rAsset/native

3)Liqee Genesis Liquidity Mining Program: https://liqee.medium.com/c642e2ef7c0b

4)rToken Minting Campaign Guide: https://docs.stafi.io/rtoken-app/rpool/the-guide-for-mint-program

5)Liqee Campaign Guide:https://docs.stafi.io/rtoken-app/rpool/the-guide-for-mint-program/liqee-and-stafi-liquidity-mining-guide

About StaFi

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. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App (https://app.stafi.io). rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.

Website: www.stafi.io
rToken App: https://app.stafi.io
Twitter: @Stafi_Protocol
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann
Discord: https://discord.com/invite/jB77etn
Forum: https://commonwealth.im/stafi

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