StaFi now supports rATOM on Neutron Testnet

StaFi_Protocol
StaFi
2 min readApr 4, 2024

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We are pleased to announce the launch of StaFi’s ATOM liquidity staking token — rATOM, on the Neutron testnet.

Neutron brings contract programming capabilities to the Cosmos ecosystem through CosmWasm, and rATOM is developed based on CosmWasm. It’s encapsulated into a development framework and integrated into LSaaS. Any projects can use it to build LSD on Neutron.

Neutron Introduction

Neutron is a blockchain network that brings Smart Contracts into the Cosmos-family blockchains using CosmWasm. Neutron works with networks using the IBC protocol. Neutron security (block validation) is provided by the Cosmos Hub network using Interchain Security.

Neutron is built using the Cosmos SDK framework — a generalized framework that simplifies the process of building secure blockchain applications on top of Tendermint BFT. It is based on two major principles: Modularity & capabilities-based security.

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.

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StaFi_Protocol
StaFi

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