StaFi Protocol Monthly-October Community Update

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StaFi

4 min readNov 11, 2024

In October, StaFi reached major milestones, including the integration of the TON LSD Stack into StaFi LSaaS, advancing exploration of the $TON and Telegram ecosystems. A proposal for the Liquid Staking Modularity App Store was also introduced and approved, paving the way for modularity and co-creation.

StaFi remains focused on mass adoption and enhancing the LSaaS experience through strategic partnerships, developer engagement, and technological advancements. Let’s delve into the key highlights of the achievements made during this productive month.

Product & Development

1. StaFi LSaaS Supports TON LSD Stack

On October 23rd, StaFi LSaaS integrated with TON LSD Stack. As the winner of rLaunchpad Season 2, this release represents a major milestone in exploring the $TON and Telegram ecosystem.

Proposals

1. Proposal and Vote on the Liquid Staking Modularity App Store

On October 11th, a proposal for the Liquid Staking Modularity App Store was introduced, aiming to establish the StaFi Modularity App Store. This initiative seeks to unlock StaFi’s modular capabilities, empowering developers to co-create and innovate within LSaaS and its modular framework. After a week-long vote, the proposal has passed. Let’s look forward to its exciting launch!

Community Updates & Collaborations

1. 2024 Q4 Roadmap — Deflation, Adoption, and LSaaS as a Sustainable Platform

On October 3rd, StaFi released its 2024 Q4 roadmap, with a strong emphasis on deflationary measures, adoption acceleration, and transforming LSaaS into a sustainable platform. Key areas of focus include:

$FIS Tokenomics Update
Accelerating LSaaS Adoption and Building Strategic Partnerships
Expanding the Modularity Platform
Launching New Stacks, Modules, and rTokens

2. New Round of rETH Liquidity Farming Campaign

On October 8th, a new round of rETH liquidity farming was launched, offering users additional rewards on their staked ETH with an attractive APR of up to 126%.

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 Community Call for October 2024: StaFi’s Expansion into TON ECO with TON LSD Stack

On October 10th, StaFi hosted its October 2024 community call, focusing on StaFi’s expansion into the TON ecosystem through the introduction of the TON LSD Stack.

Recording: https://youtu.be/EGtwvbXpNPc
Summary: https://dao.stafi.io/t/stafi-community-call-for-october-14/209/2

4. Merging of rToken Staking Guide and LSaaS Guide

On October 17th, StaFi combined its rToken staking guide and LSaaS guide. Users can access the documentation homepage for an integrated view of the rToken staking guide, LSaaS guide, StaFi’s website, and the rToken/LSaaS App.

5. Treasury FIS Burn Update

On October 21st, StaFi provided an update on its treasury FIS burn progress:

Latest Burned: 365,861 $FIS (October 20th, 2024)
Total Burned: 502,580 $FIS (0.34% of total supply)
TX: Transaction details
Understanding the FIS Burn Mechanism: Read more

6. Staking Letter #10: A New Chapter in Cosmos LST — StaFi Hub Migration

On October 22nd, StaFi released its Staking Letter #10: A New Chapter in Cosmos LST — StaFi Hub Migration. StaFi Hub, built on the Cosmos SDK, is an application-specific blockchain providing Liquid Staking for the Cosmos ecosystem, currently supporting $ATOM, $IRIS, and $HUAHUA. This migration is key for StaFi’s transition from an app chain model to a contract model.

7. StaFi Highlights at SmartCon HK

November Prospects

In November, the StaFi team has several key initiatives underway. First, we’re revamping our marketing strategy, reactivating our community engagement plans, and bringing in additional partnerships (including Partners and KOLs) to drive Mass Adoption for LSaaS. This renewed effort will help StaFi 2.0 gain greater visibility within the developer community and foster wider adoption as we close out Q4 and move into 2025.

On the technical and product side, the migration of StaFiHub has already begun, marking steady progress toward the StaFi 2.0 tech upgrade. Additionally, November will see the launch of the new rLaunchpad and the FIS inflation reduction plan. We look forward to the exciting developments ahead!

About StaFi

StaFi is a leading Liquid Staking infrastructure provider and protocol for PoS chains. Its Liquid Staking as a Service (LSaaS) framework enables developers to create Liquid Staking Tokens (LSTs) and Liquid Re-staking Tokens (LRTs) across ecosystems like ETH, EVM, BTC, CosmWasm, and SOL. By issuing rTokens (e.g., rETH, rMATIC, rBNB), StaFi unlocks the liquidity of staked assets, allowing users to earn staking rewards while retaining the flexibility to engage in DeFi. With support for major blockchains such as Ethereum, Solana, Polygon, BNB Chain, and Cosmos, StaFi bridges liquidity and security in Proof-of-Stake networks.