StaFi Protocol Monthly — September Community Update
In September, the StaFi team made important progress and accomplishments in StaFiHub. With the joint effort of StaFi, IRIS Network and Chihuahua, rIRIS and rHUAHUA solutions were released on StaFiHub along with a MintDrop program. Furthermore, rDEX V2 was also launched to support the rATOM/ATOM pool first, and then rIRIS/IRIS and rHUAHUA/HUAHUA one by one. Here’s the highlight of major events and updates that happened on StaFi in September.
Technical Update
1.rDEX V2
On the 2nd of September, rDEX V2 was live and rATOM/ATOM trading pair was supported as an initial pool.
Features of rDEX V2:
- Trading rTokens against base tokens
- Continuous liquidity
- Lower slippage
- Asymmetrical Deposit
2.rIRIS
1)On the 7th of September, rIRIS was live on StaFiHub, which provided liquid staking solution for IRIS.
Users could:
- Mint rIRIS and enjoy 9.21% APY
- Join in the rIRIS MintDrop Campaign
- Provide liquidity for rIRIS/IRIS pair on rDEX
2)On the 7th of September, rIRIS MintDrop Campaign was released which would last for 90 days and FIS rewards would be linearly vested over a period of 30 days.
Users could enjoy:
- A share of 100,000 FIS reward pool by claiming 0.115 FIS for every 100 IRIS staked
- Target APR of 9.21% generated from StaFiHub smart delegation algorithm
- FIS gas fee airdrop
3)On the 9th of September, rIRIS/IRIS pool was launched on rDEX V2, users could:
- Swap between IRIS and minted rIRIS
- Provide liquidity for rRIS/IRIS
3.rHUAHUA
1)On the 14th of September, rHUAHUA was live on StaFiHub, which provided liquid staking solution for HUAHUA.
Users could:
- Mint rHUAHUA and enjoy 55.71% APY
- Join in the rHUAHUA MintDrop Campaign
- Provide liquidity for rHUAHUA/HUAHUA pair on rDEX
2)On the 14th of September, rHUAHUA MintDrop Campaign was released which would last for 90 days and FIS rewards would be linearly vested over a period of 30 days.
Users could enjoy:
- A share of 20,000 FIS reward pool
- Target APR of 55.71% generated from StaFiHub smart delegation algorithm
- FIS gas fee airdrop
3)On the 16th of September, rHUAHUA/HUAHUA was launched on rDEX V2, users could:
- Swap between HUAHUA and minted rHUAHUA
- Provide liquidity for rHUAHUA/HUAHUA
4.rETH V2 Upgrades
On the 22nd of September, we introduced the upgrades for ETH liquidity staking solution named rETH. rETH V2 comes along with upgrades aimed at lowering the entry barrier when onboarding new users:
- Enhanced UI/UX
- Lowered ETH deposit to run ETH2 nodes from StaFi
- Reduced validator gas fees for deploying ETH2 nodes
- Multiple deposit/files upload transactions
- Distributed validator technology
- Priority fee distribution
- Auto re-stake
Community Updates
1.StaFiHub Smart Delegation Algorithm
On the 3rd of September, we released the video for StaFiHub Smart Delegation Algorithm. The delegation algorithm leverages on design principles that:
- Maximizes staking rewards
- Minimizes potential losses
- Decentralizes delegations among validators
Watch full video on Youtube: https://www.youtube.com/watch?v=MtwKdiUO7oc
2.Product Feedback Forum On Discord
On the 19th of September, in order to serve the StaFi community well and have them enjoy the best experiences while using StaFi products (StaFi rToken App, StaFiHub App and rDEX), we started an incentivized feedback campaign on Discord.
Forum Link: https://discord.com/invite/GmRgp4fr2x
3.The Liquid Staking Solution rEVMOS Proposed By StaFiHub
On the 19th of September, StaFi proposed a liquid staking solution called rJUNO (rJUNO Solution) for Juno’s native token $JUNO, based on StaFiHub’s Liquid Staking Solution.
4.Business Development Manager Recruitment
On the 27th of September, StaFi released the announcement to recruit a Business Development Manager to help StaFi build communications with Cosmos eco projects and pitch StaFiHub liquid staking solutions.
Apply: mail your resume at liam@stafi.io
5.StaFiHub Quiz
On the 27th of September, a quiz for StaFiHub was released for our community members, it aims to see how well our community understands StaFiHub products. 20 winners will be rewarded 500 FIS in October. Now the quiz is on-going, welcome to participate!
6.Twitter Poll
In September, StaFi created a s series of polls to know more about community‘s views on StaFi products, you can find more details here:
1)https://twitter.com/StaFiHub_/status/1573891307600113667
2)https://twitter.com/StaFiHub_/status/1571047172367581186
3)https://twitter.com/StaFiHub_/status/1568513526754582529
4)https://twitter.com/rDEX_Finance/status/1571824452744392704
5)https://twitter.com/rDEX_Finance/status/1566691300896051202
Collaborations
1.StaFiHub Mainnet Validator: Cosmostation
On the 1st of September, we introduced Cosmostation as our new validator on StaFiHub mainnet. CosmostationVD is a leading, highly-secure validator node operator & end-user application provider trusted on 45+ Cosmos interchain networks and chosen by users worldwide.
Check more details: https://medium.com/stafi/introducing-stafihub-mainnet-validator-cosmostation-19ab41567c4f
2.The AMA with IRIS Network
On the 5th of September, we had an AMA with IRIS network on Twitter Space to talk about the liquid staking solution rIRIS and incentive campaign plan.
3.StaFiHub Mainnet Validator: Nodejumber
On the 9th of September, we introduced Nodejumber as our new validator on StaFiHub mainnet. Nodejumper is a professional PoS validator that is focused on blockchain consumers & validators by helping them to easily join the Cosmos SDK community and make it bigger and more valuable.
Check more details: https://medium.com/stafi/introducing-stafihub-mainnet-validator-nodejumper-336120b96463
October Prospects
In September, three rTokens were launched on StaFiHub, including rATOM, rIRIS and rHUAHUA. The main work will continue to focus on StaFiHub in the coming month. rETH V2 will be released to mainly solve the matching issue between ETH2 validators and staking pools. Meanwhile, the development work of StaFiHub Smart Delegation Algorithm V2 and rBridge V2 will be simultaneous.
Now the development work of StaFiHub Smart Delegation Algorithm V2 mainly aims at the collection and analysis of vital on-chain data of validators and will start on the modeling in the next stage. rBridge V2 optimization will mainly focus on the circulation of $FIS and $rTokens in multi-chain ecosystems. There will also be lots of work in October, and users will get a better experience with the StaFi products.
About StaFi
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.
