Partnership between StaFi and WrapFi
StaFi is pleased to announce their partnership with WrapFi, to Explore on Interest-Bearing Tokens.
WrapFi and staking derivative protocol StaFi have teamed up to make their networks and assets more fully compatible with each other. StaFi is a DeFi protocol aimed at unlocking the liquidity of staked assets in PoS projects. StaFi’s system design introduces a staking voucher token called rToken, which is one kind of interest-bearing tokens.
About the partnership
This partnership unlocks the Two following user scenarios:
Joint Exploration in IBT DEX
WrapFi will cooperate with StaFi on exploring how to build a most-friendly DEX for Interest-bearing Tokens (IBTs), like jointly studying the price discovery mechanism of IBTs in current DEX and real exchange rate of the IBTs on original chain. They will leverage both sides’ expertise and experiences to make WrapFi Design perfect for IBTs.
rTokens Integration in WrapFi
WrapFi is built for trading IBTs, and StaFi now has issued 5 IBTs(rETH, rFIS, rKSM, rDOT, rATOM), which cover the main PoS communities. So WrapFi will integrate StaFi’s rTokens as the first batch of IBTs on WrapFi. At the same time, StaFi will give advice on the strategic devlopment and community buiding of WrapFi.
WrapFi’s vision is to propose a universe solution for all mainstream IBTs through TMM algorithm, which will provide general standards, horizontally scaling somutions, and better pricing mechnism and trading liquidity for IBTs. In the future, WrapFi also will launch more IBT-based Apps, like management tools, etc., which will greatly improve capital utilization efficiency for IBTs community.
WrapFi is the first specialized DEX for Interest-Bearing Tokens(IBTs) powered by TMM algorithm. WrapFi creates an innovative Tracking Market Maker (TMM) algorithm to provide the most stable price and sufficient liquidity for IBTs.
Below is the WRA Token Transparency Report:
Please note that the 90% WRA token is only unlocked from the 4 months after Genesis, so 90,000,000 WRA tokens is still escrowed in this address now:0xe078c0f46c866fd192bf43920453c8d11282f572，which you…
WRA is the governance token of the WrapFi protocol, and its main functions are:
1) To encourage WrapFi users, especially Liquidity Providers, to build the WrapFi ecosystem with the team together;
2) Governance of WrapFi’s ecosystem. It is required when adjusting business parameters, submitting token-listing proposals, etc.;
3) WRA can also be staked to share the WrapFi protocol’s income;
4)Trading fee discount.
To know more about WrapFi, click of the link below
StaFi (short for Staking Finance) 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. StaFi Protocol solves the contradiction between the token liquidity and Mainnet security by issuing ABT tokens, which provides the liquidity of your Staking Assets.
Stafi Protocol creates value by providing liquidity of Staking assets. Staker can obtain inflation rewards while circulating rToken to respond to the market in a timely manner. The protocol captures the value of the liquidity and outputs the value to the protocol. The FIS is the native digital cryptographically-secured utility token of the Stafi protocol, FIS is a transferable representation of attributed functions specified in the protocol /code of the stafi protocol, designed to play a major role in the afunctioning of the ecosystem in the Stafi protocol, and intended to be used solely as the primary utility token on the platform.
Read more on StaFi Protocol https://www.stafi.io/