StaFi increased coverage amount from 1 million to 2 million through Tidal platform

We are thrilled to announce that our client and long term strategic partner StaFi protocol,, has increased their coverage amount from 1 million to 2 million USD to further protect their users’ safety.

With StaFi’s current reserve size ~1.46 million, the increased purchase amount will increase the capital utilization rate to100%, boosting earnings for the reserve providers.

To compliment the increased acquisition, premium pricing for StaFi protocol will be reduced from 5% a year to 4% a year, overall increasing USDC return from 2.25% APR to 3.6% APR to reward the 2 million dollar reserve pool.

The increased purchase amount and pricing adjustment will become effective in the coming week (October 17th). Support StaFi’s reserve pool and earn!