StaFi Protocol Monthly-July Community Update

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StaFi

4 min readJul 31, 2024

July is the first month of 2024Q3. As mentioned in the Q3 roadmap, the focus for this quarter is on the construction of a modular LSaaS platform. The development of the modules was steadily progressing in July. At the same time, in terms of community education, StaFi supplemented the Q3 roadmap with LSaaS modularization by X threads to help the community better understand LSaaS modularity. Additionally, rLaunchpad Season2 is being presented, and rToken listing proposals are open for submission from the community.

Let’s delve into the key highlights of the progress made during this month.

Product & Development

1. StaFi 2.0 Progres Update

Community Updates & Collaborations

1. 2024Q3 Roadmap — Modular LSaaS is constructing, StaFi AI is coming

On July 2nd, StaFi unveiled its 2024Q3 roadmap, highlighting StaFi LSaaS modularity enhancements and adoption.

For LSaaS modularity:

LRT Module: Development continues for EigenLayer and Karak LRT stack.
LST Module: Abstract and extend current LST solutions to more PoS chains.
StaFi AI Module: The StaFi AI agent, positioned as a validator delegation solution, will be integrated into StaFi LSaaS.
Point Module: Aims to enhance composability and efficiency for launching new liquid staking projects.
LSaaS App: The LSaaS App is being upgraded to V1.1 to improve the launch experience for non-code developers.

For LSaaS adoption:

Developer Engagement: Get LSaaS widely adopted by education, funding hackathons, launching application grants, and other initiatives.
Integration of More Stack Solutions: Integrate more stack solutions for Layer1 to enhance the versatility and reach of LSaaS.

Related education thread:

2. StaFi DAO June 2024 Report & July 2024 Budget Plan

On July 5th, StaFi DAO June 2024 report and the budget plan for July 2024 were released.

June report showcases the follow key developments:

Commissions ranging from 5% to 10% collected by StaFi from various LSDs will be directed to the treasury pool as protocol revenue.
StaFi provided 78,626 FIS in liquidity incentives for rMATIC/MATIC pair & $rETH on Quickswap and marketing service for LSaaS in June.
The costs of integrating Chainlink CCIP and SSV DVT were covered by 84.49 $LINK and 1.69 $SSV.
As of July 5th, all the Treasury FIS, 18.74M FIS has been transferred to the multisig address and staked on the StaFi network for now. The migration for rFIS would be taken in the coming months.

July budget plan included integration fees and LSaaS adoption budget:

The second half of 2024 is a critical point in the development of LSaaS. StaFi DAO would propose to offer a budget of $100,000 per month to accelerate mass adoption of LSaaS.
In July, the budget for integrating Chainlink CCIP and SSV DVT would be approximately 80 $LINK and 10 $SSV.

3. Exploring AI Integration in Validator Selection

On July 11th, StaFi released it exploration about AI Integration in validator selection. Current GPT models primarily focus on processing natural language or other modal info to generate outputs, with inference relying on prompt engineering. This differs from the smart delegation algorithm, which ranks/selects validators based on weighted performance indicators.

4. rLaunchpad Season2

On July 17th, rLaunchpad Season2 was announced and rToken listing proposals from the community are open for submission.

Given the development progress of StaFi LSaaS, stack solutions for major ecosystems have been supported. Therefore, the focus of the Season2 will be more on driving broader adoption of LSaaS to greatly enhance its versatility and reach.

Submit here: https://dao.stafi.io/c/newrtoken/2

Example: https://dao.stafi.io/t/proposal-for-new-rtoken-listing-rbtc-babylon-on-rlaunchpad-season2/187

5. StaFi Community Call for August 2024: LSaaS Modularity Is On The Horizon

On July 23th, StaFi announced that the August StaFi Community Call would be held on August 1st, centered around the LSaaS Modularity.

More details: https://x.com/StaFi_Protocol/status/1815684046669959401

August Prospects

The three most significant points in August: the first is to put forward FIS burning proposal, the second is the advancement and release of the StaFi LSaaS modularity, and the third is the initiation of vote, project selection/motivation, and development in rLaunchpad Season2. These three things involve a lot of development work, operations, and marketing work, and we hope to make good progress in August.

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.