StaFi Protocol Monthly-August Community Update
In August, the development of LSaaS Stack and modularity advancements continued to evolve, with LSaaS now offering support for the Babylon BTC LST Stack and Solana LST Stack. In terms of LSaaS modularity, the Validator Selection AI Agent Module, Point System, Frontend Module, and Blinks Module, etc. have been developed and launched. Progress has been made on some proposals, including the ongoing community voting for the FIS burn proposal. Furthermore, new rToken listing proposals for rLaunchpad Season2 have been actively discussed and voted on by the community, with rTON/Stack receiving the most support.
Let’s delve into the key highlights of the achievements made during this productive month.
Product & Development
1. StaFi Weekly Development
- Week 1 (August 5 — August 9)
- Week 2 (August 12 — August 16)
- Week 3 (August 19 — August 23)
- Week 4 (August 26 — August 30)
2. StaFi LSaaS Stack supports Babylon BTC LST
On August 23rd, StaFi announced its support for Babylon BTC LST. With Babylon’s successful mainnet launch, developers and LST project teams can now seamlessly deploy Babylon BTC LST on LSaaS, requiring minimal additional development effort.
3. StaFi LSaaS Stack Supports Solana LST and Blinks Module
On August 28th, StaFi released its announcement that LSaaS Stack supported Solana LST. Developers and LST project teams could seamlessly deploy Solana LST on LSaaS with minimal additional development effort.
Additionally, the Blinks Module is integrated into the Solana LST Stack, which offers a fresh way to interact with the Solana network across various platforms, providing LST projects with more opportunities for user expansion.
Proposals
1. New rToken Listing Proposals on rLaunchpad Season2
On August 2nd, StaFi released the new rToken listing proposals for rLaunchpad Season2 from the community. These proposals outlined the potential listing of six innovative rTokens: rBTC, rALEO, rTON, rVARA, rMOVEMENT, and rMONALD.
After a week-long vote on these proposals, the community cast a total of 41.32 million votes. Among the candidates, rTON/Stack garnered the most support. The next phase involves assessing the development costs and feasibility of rTON and the stack. Stay tuned.
2. Proposal For LSaaS Deployment From Pulsechain
On August 21st, the Vouch community has submitted a proposal to deploy LSaaS on Pulsechain, this marked a significant step forward in LSaaS adoption. The integration of Pulsechain on LSaaS aims to:
- Expand StaFi’s eco coverage
- Enhance rToken utility
- Introduce a new community to StaFi
- Promote Cross-chain engagement
Discussion: https://dao.stafi.io/t/proposal-for-lsaas-deployment-pulsechain-vouch-team/202
3. FIS Burn Proposal
On August 22nd, StaFi proposed burning 100% of inflated FIS that flows into the treasury address every 30 days. This proposal would result in:
- A total treasury of 55,987,197.860 FIS + Protocol income + 0% inflation FIS.
- A reduction in FIS inflation from 10% to approximately 6%.
Discussion: https://dao.stafi.io/t/fis-burn-proposal-discussion/203
Vote: https://voting.opensquare.io/space/stafi/proposal/QmYWniUR6DHroDXwZCtEFqNRMQFqLfuJ5gCJdhXR6btTqX
Community Updates & Collaborations
1. Community Education for StaFi LSaaS Modularity
- LSaaS Modularity
- Interoperability Module
- Point System
- Frontend Module
- Validator Selection AI Agent Module
- CCIP Modules
2. New Round of rETH Liquidity Farming Campaign
On August 8th, the new round of rETH liquidity farming campaign was released, users could enjoy additional returns on their staked ETH with rETH liquidity farming campaign and earn an attractive APR of up to 80%!
Steps:
- Mint rETH: https://app.stafi.io/gallery/evm/ETH/?net=ERC20
- Farm: https://app.stafi.io/pool/evm/?net=ERC20&poolTab=Mint
3. StaFi FIS & rToken Status Update: As of August 14, 2024
On August 14th, StaFi released its update to provide the latest overview of FIS, treasury FIS details, the amount of FIS staking, rToken supply, and TVL.
September Prospects
Three most significant points in September:
- To continue the development of the rTON & Stack selected by rLaunchpad Season2.
- To continue the advancement of FIS burning proposal.
- To facilitate LSaaS adoption and launch more functional and user-friendly modules to meet the diverse needs of devs.
These key points involve a lot of development work, operations and marketing work. We’re targeting to make good progress in September.
About StaFi 2.0
StaFi 2.0 will be a major upgrade and rebranding. 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.
