Vote for StaFi’s rETH/ETH Pool Listing Proposal on Curve
In order to improve the liquidity and adoption of rETH, StaFi just raised a proposal on Curve DAO to add the rETH/ETH trading pair. According to the Decentralized Finance (DeFi) Pulse, Curve is the second largest DEX with 5.9 billion TVL on Ethereum, and only a couple of well-adopted assets are trading on Curve. If the proposal is passed, the liquidity and adoption of rETH will be greatly boosted, and this will be another big milestone for StaFi’s rToken development. As to encourage veCRV holders to vote, they have prepared an incentive program of 120K $FIS tokens for the rETH/ETH liquidity providers on Curve. So hope their community could join to vote for StaFi and make it happen.
To vote and how to vote, follow the provided link below
About StaFi and rETH token
StaFi is a Decentralized finance (DeFi) protocol unlocking liquidity of staked assets in Power of stake (PoS) networks. As a project dedicated to addressing the liquidity issue of staked assets, StaFi has created the rETH Application which allows for ETH2.0 liquid staking. StaFi already has rDOT, rATOM and rKSM close to the production stage, focusing on bringing liquidity to stakers on other chains. Whenever a user stakes ETH by using the rETH App, they will automatically receive rETH Tokens (ERC-20) in return, which is a synthetic representation of his or her staked ETH balance and corresponding staking rewards. The rETH token may then be traded on a variety of trading venues, and can be used in other DeFi protocols.
About Curve DAO Token
Curve DAO Token (CRV) is an Ethereum token that powers Curve.fi, a decentralized exchange and automated market maker protocol. The protocol is designed to make it easy to swap between similar ERC-20 tokens, primarily stablecoins (like USDC and DAI) and Ethereum-based Bitcoin tokens (like WBTC and renBTC). CRV is the governance token for Curve Finance. It implemented a complex time-based staking system to exchange CRV into veCRV, where veCRV is an internal token intended for governance purpose and has a right to claim the cash flows generated by the protocol.