rMATIC Liquidity Solution for Polygon by StaFi Protocol
StaFi announced the launch of the rMATIC solution, which solves the staking liquidity problem for the Polygon.
rMATIC, a decentralized DeFi product produced by StaFi that solves the liquidity problem of staked MATIC on Ethereum mainnet.
rMATIC token is a synthetic staking derivative issued by StaFi when they stake MATIC through the StaFi rMATIC product. rMATIC tokens are anchored to the staked MATIC and the corresponding staking rewards. rMATIC tokens can be transferred and traded at any time.
🔹Staking Strategies
Based on the PoS consensus mechanism(Tendermint Consensus Engine) of Heimdall Chain, the PoS layer of Polygon, and the influencing factors of staking rewards, the rMATIC product adopts the following staking rewards maximization strategy:
1) Diversified delegation. The MATIC tokens deposited by the user will be distributed to several(N) mini staking pools. N will be based on the scale of the deposit. Each staking pool will then select several (M) validators for delegation by the profit maximization strategy, so as to reduce the slashing occurrence probability of a single node.
2) Strictly select Original Validators candidates. The rMATIC product will evaluate the performance data of original validator candidates from the metrics including online duration, slashing record, self-bond ratio, node identity, commission ratio, etc., to ensure that excellent validators with relatively low commission are selected.
3) An automatic delegation strategy that maximizes staking rewards.The solution monitors OV’s on-chain data in real-time, such as commission ratio changes, commission volume ranking, slashing, off-line rate, and other indicators. This ensures that in each Epoch, the system selects the best OVs for delegation while simultaneously reinvesting profits.
4) A strategy that minimizes the potential loss. When the system detects that the node is slashed or the online rate is lower than the standard, the rMATIC staking contract will automatically initiate the redelegate operation and re-select other qualified validators for delegation.
🔹The Secondary Market Circulation of rMATIC
StaFi will create rich, multi-level circulation scenarios that stretch across different chains for rMATIC holders:
1) When the rMATIC product is launched, rBridge will at the same time support rMATIC two-way cross-chain bridge function from StaFi chain to Ethereum, so that users can have access to DeFi applications on Ethereum by using rBridge product.
2) In the near future, StaFi will list rMATIC tokens on DEXes such as Uniswap and Quickswap, and launch liquidity mining incentive campaigns to ensure the liquidity of the pairs.
3) StaFi will not only support the circulation of rMATIC in the Ethereum ecosystem but also empower rMATIC’s engagement in the DeFi protocolof Polygon through cross-chain bridge services.
About StaFi Protocol
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. FIS is the native token on StaFi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the StaFi chain, and mint & redeem rTokens.
About Polygon
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
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