StaFi now supports rSEI on SEI Testnest
We are pleased to announce the launch of StaFi’s SEI liquidity staking token, rSEI, on the SEI testnet. rSEI marks the first Liquid Staking Token (LST) developed within the SEI ecosystem on the SEI EVM.
rSEI was selected by the community during rLaunchpad season 1. Its development leverages StaFi 2.0’s EVM LSD development framework and Liquid Staking as a Service (LSaaS), facilitating rapid development and deployment of LSD solutions. Currently, as SEI’s EVM has yet to be released on the mainnet, rSEI will undergo testing on the testnet, awaiting the official launch of SEI EVM on the mainnet.
Testnet: https://test-app.stafi.io/gallery/evm/SEI/?net=SEI
Read more about StaFi LSaaS: https://mirror.xyz/0xBABf7e6b5bcE0BD749FD3C527374bEf8919cC7A9/LcdMXKYoAddQEdAVBzpiVg2sLuUcQS2UaAiFltRZuNg
Sei Network Introduction
Sei Network is a general purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets, aiming to address the exchange trilemma of decentralization, scalability and capital efficiency. At the protocol level, Sei uses Twin-Turbo consensus and multiple degrees of parallelization to minimize latency and maximize throughput. Additionally, Sei also allows apps to customize the user experience via a native order matching engine.
What Sei offers:
- The fastest chain to finality: a lower bound of 300ms
- Twin-turbo consensus: achieves industry-leading performance
- One of the only chains to conduct market-based parallelization
- Native matching engine that exchange teams can leverage
- Frontrunning protection: combats malicious frontrunning that is rampant in other ecosystems.
As SEI’s website shown, there are currently over 80 projects building their products based on Sei network. The rapid growth indicates that Sei Network’s ecosystem is continuously expanding. The listing of rSEI will not only enhance StaFi’s product offerings in the future but also benefit from the expanding Sei ecosystem, offering more use cases for rSEI.
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.
