Stafi partners with Stone DeFi

Stafi is a decentralized protocol that empowers liquidity. stafi encompasses 3 layers bottom, contract and application layers. The bottom layer is normally based on a blockchain system established by Substrate (which is a blockchain architecture developed by Parity, and the whole architecture integrates many development modules, including consensus module, P2P module, Staking module, etc.). The contract layer support creating a variety of Staking contracts, such as Staking contracts for XTZ, Atom and Dot respectively. The token holder can Stake through Staking Contract, which is consistent with the inflation incentives obtained by the ordinary Stake. But the difference is that The holder also can obtain rTokens. Last, the application layer supports third-party Stafi based APIs or customized APIs to create a decentralized bondeds asset trading market for rTokens to circulate, transfer, and trade on the Stafi protocol.

StaFi has of late being making steady progress partnering with DeFi protocols to unlock staked assets and create rewards token of staked assets. Among the “rTokens” are rDOT, rETH, rATOM, rKSM, rFIS among others. These are reward tokens that brings value to staked assets thereby bring value to unlock them

About Stone protocol, is the only yield management protocol focused on creating ‘Rock Solid Yield’ for all users in the DeFi ecosystem.

Stone is positioned as an anchor yield aggregation platform, and will eventually evolve to become a cross-chain asset aggregation and yield marketplace with the inclusion of multi-chain Proof of Stake assets such as Eth2.0 and Polkadot.

About there partnership

What there partnership will bring to the community, Introduction of rETH onto Stone

conclusion

StaFi is a generation platform of staking derivatives, rETH will solve the controversy between locking period and token dilution until phase1.5 of ETH2, integrated into STONE will bring a new use case for rETH holder, that’s yield farming, which make me excited] Said Liam Young, Founder of StaFi

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