StaFi Protocol Monthly-January Community Update
Discover the latest advancements and exciting updates from the StaFi Protocol team in January 2023! With a focus on community growth and innovation, StaFi has made significant strides this month. The update includes details about the ETH Shanghai Upgrade Developments, the rSWTH Staking Solution for Carbon Protocol, and the StaFi Rangers Program Report.
Here are the highlights of January.
1.Ethereum Shanghai Upgrade Developments
On January 17th, StaFi released the plans designed for Ethereum Shanghai Upgrade:
1) Enable withdrawal function for rETH holders.
2) Launch incentives programs to bootstrap rETH Adoption/Liquidity.
3) rETH DApp UI/UX Upgrade.
4) Layer2 Explorations.
More details: https://twitter.com/StaFi_Protocol/status/1615299906180202498
2.rSWTH Staking Solution for Carbon Protocol
On January 25th, 2023, StaFi’s proposal, CIP-32, on Carbon Protocol officially passed. This proposal sought to allocate $10,000 worth of $SWTH to StaFiHub for the development of a liquid staking derivatives solution for the Carbon Protocol. The community showed their support for the project by voting ‘YES’ in the on-chain vote that took place on January 21st, 2023.
As a result of this proposal passing, StaFi is now able to move forward with the development of their rSWTH solution for Carbon Protocol. This project aims to bring a revolutionary liquid staking solution to the industry and the team at StaFi is excited to see the impact it will have.
1. StaFi Rangers Program Report
December marked the kick-off of the StaFi Rangers program, which ran for an exciting month of observation and engagement. The results are in on the 4th January and we’re thrilled to report that the program was a massive success, skyrocketing the Twitter impressions across all StaFi accounts.
We’re still searching for talented individuals with a deep understanding of the #cosmos ecosystem to join our StaFi Rangers program. This is a unique opportunity to become a part of a dynamic and exciting initiative that is helping to drive awareness and excitement about StaFi.
2.StaFi Monthly Community Call
On January 5th, StaFi held the second StaFi community online meeting, focusing on reviewing the progress of the ecosystem over the past month and discussing plans for the upcoming month.
1) Introduction by Sara, outlining the purpose of the meeting and the agenda for the day.
2) Product Recap, discussing the updates and developments made in the past month.
3) Moderator and Ambassador Reports, sharing updates on the work of the StaFi Moderator and Ambassador teams.
4) Q&A session, providing an opportunity for the team to ask questions and provide feedback.
The recording of the meeting is now available for viewing on our YouTube channel at https://youtu.be/WCn_sYVdRs4
3. StaFi rDEX Liquidity Farming Campaign for rATOM/ATOM Giveaway Winners
StaFi successfully launched our Liquidity Farming Campaign for the rATOM/ATOM pool and held a giveaway to celebrate the occasion. We are thrilled to announce the winners on January 6th and extend our appreciation to all the participants for their support.
4. StaFi Chain Validator Grant Program: 2022Q4 Recap
The StaFi Chain Validator Grant Program for Q4 2022 recap was released on the 13th January.In this round of nominations, StaFi Foundation considered the following criteria when selecting potential validators:
1) Commission rate set below 10%.
2) Higher number of nominators.
3) A large number of self-bound tokens.
The validators who will be nominated by StaFi Foundation:
The validator who will be canceled nomination by StaFi foundation:
5. StaFi Warrior Contributions for December released
On January 14th, the contribution report of the StaFi Warriors for the month of December was released. The report highlights the hard work and dedication of the warriors in supporting the platform, and their contributions have played a significant role in the progress and success of the platform.
Read report: https://commonwealth.im/stafi/discussion/8797-warrior-contribution-submissionassessment2022-december?comment=46259
6. StaFiHub Influencer Contest Results
We received a great number of outstanding entries for the contest and after a thorough evaluation process, we are proud to have announced 7 winners on the 23rd January. Congratulations to the winners and a heartfelt gratitude to all that participated in our contest!
7. 3rd StaFi Community Online Meeting Scheduled
The 3rd StaFi Community Online Meeting has been scheduled to be held on the 2nd February 2023, 8AM UTC on Google Meets. The meeting will be recorded and uploaded to StaFi’s youtube channel.
Time: 8AM (UTC) Feb 2nd, 2023
1) StaFi Progress Report
2) Warriors’ Report
Read more: https://twitter.com/StaFi_Protocol/status/1619961624382652416?s=20
8.StaFi Youtube Influencers
We are still actively recruiting talented individuals to help promote StaFi through creating content on YouTube.
1) Produce product demonstration and explanatory videos
2) Create engaging and interesting videos for StaFi events
9. Twitter Polls in January
1.StaFi Listed on Crypto.com App
On January 11th, $FIS was listed on the Crypto.com app. This allows users to easily purchase $FIS using USD, EUR, GBP, and over 20 other fiat currencies at true cost.
More details: https://twitter.com/cryptocom/status/1613059292873248769
2.rETH Integration on DefiLlama LSD Dashboard
On January 12th, StaFi rETH was added to DefiLlama’s LSD Dashboard. This integration allows users to easily track StaFi’s rETH growth and liquidity on the dashboard, providing a convenient and user-friendly interface for analytics.
3.StaFi Listed on Bitget
FIS was listed on Bitget exchange with a $FIS/USDT trading pair on January 19th at 10 AM UTC.
Read more: https://www.bitget.com/en/support/articles/12560603776410
Get ready for a month of exciting updates from the StaFi team! In February, the focus is on the Ethereum Shanghai upgrade, including the addition of a withdraw function for rETH. The highly-anticipated new version of the rToken App will be launching, complete with a convenient withdraw intention collection page. The StaFiHub chain is also receiving an upgrade, including support for Ledger and optimized functionality. Keep your eyes peeled, it’s going to be a game-changer!
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 . rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.