StaFi Protocol Monthly | September Update

StaFi Protocol released September Update about #rMATIC and #rBNB App, and the rBNB mining campaign that has greatly contributed to StaFi TVL.

Technical Update

1.rMATIC

On Sept 1st, StaFi listed the rMATIC/ MATIC trading pair on Quickswapand the liquidity pool is around 200K USDT, rMATIC holders can trade and add liquidity on QuickSwap.

2.rBNB

1) On Sept 13th, StaFi released an rBNB infographic, it will help users better understand rBNB token and rBNB App.

2) On Sept 14th, StaFi released the liquid staking solution rBNB for staked BNB on Binance.

3) On Sept 15th, StaFi rBNB App was online. We have launched a FIS reward pool valued at 1,000,000 USDT for the users who stake the BNB via rBNB App to mint rBNB token.

Meanwhile, Liqee lending platform supported rBNB with a big yield farming campaign for rBNB holders.

Details: https://twitter.com/StaFi_Protocol/status/1438106014042050569

4) On Sept 18th, StaFi updated the rBNB analysis, the amount of staked BNB has reached 4,521, and the TVL is worth $1,853,610 USDT.

5) Up to Sept 26th, the amount of staked BNB via StaFi rBNB App reaches 7,645, and the TVL is worth $2,591,551.01 USDT.

3.StaFi Mainnet v0.4.7 upgrade

On Sept 14th, StaFi mainnet v0.4.7 was released, upgrade:

a.Add a new BondAction type to support rBNB.

b.Add new bond functions to support swapping rToken to other platforms when mints rToken.

c.Update the signature verification of rSOL.

4.rSOL

On Sept 23th, StaFi released the rSOL solution, which solves the staking liquidity problem for the Solana community.

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 (https://app.stafi.io). rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.

📰 INFO

https://medium.com/stafi/stafi-protocol-monthly-september-community-updates-7bc392fc983b