Fees 10.00 %
Market Cap $18,022,792 Price$0.32
RewardsEvery 6 hours on average (every 1 era)
Lock-up period7 days (28 eras)
CompoundingCompounding is automatic as rewards are sent to the delegator account, increasing its voting power. Stakin proceeds to claim transactions every 4 days. Nominators can manually do a claim transaction if they wish to claim earlier. The process is fully non-custodial, and rewards are sent from the blockchain to the nominator’s address.
Slashing riskThere are 4 Levels of Slashing Risks on Stafi • Level 1: isolated unresponsiveness, i.e., being offline for an entire epoch (4 hours). Generally, no slashing. • Level 2: concurrent unresponsiveness (coordinated downtime) or isolated equivocation (double signing). A small amount of the stake is slashed (up to 1%) but ultimately dependent on how many nodes are simultaneously down. The validator is removed from the active set for the next epoch (chilling). • Level 3: misconducts unlikely to be accidental but which do not harm the network's security. Examples include concurrent equivocation or isolated cases of unjustified voting. Again, slashing up to 10%, followed by ‘chilling’. • Level 4: misconduct that poses severe security or monetary risk to the system or mass collusion. Risk of an entire delegation being slashed, followed by ‘chilling.’ To mitigate downtime risks, Stakin uses a redundant infrastructure with 24/7 monitoring and alerting. Double signing risks are mitigated with a manual redundancy process, as most double signing occurs due to a deficient automated redundancy process. For slashing caused by protocol bugs, Stakin will use its best endeavours to recover the funds and influence protocol governance, including coordinating an on-chain motion.
StaFi (short for Staking Finance) is a decentralized liquid staking protocol. Using StaFi contracts, token holders can make their staked assets liquid and tradeable. StaFi issues non-custodial rTokens such as rETH, rDOT, rKSM, rFIS, etc., which can be redeemed for underlying staked assets at any time. These rTokens can be obtained by staking the underlying on the StaFi platform and trading on decentralized exchanges such as Uniswap. While rTokens are tradable and liquid, they also accrue in value based on the staking rewards of the underlying. rTokens are issued through multiple staking contracts running on the StaFi blockchain. The StaFi blockchain is created with Substrate and is part of the Polkadot ecosystem. FIS is StaFi’s native cryptocurrency. It can be traded, used for gas fees, and staked to earn additional newly minted FIS. For more information about StaFi, have a look at our blog: https://blog.stakin.com/tag/stafi/
Learn about Stafi (FIS)
Why stake with us?• Completed the Sitara testnet in July 2020 • Active Stafi Mainnet validator since genesis month in September 2020 as part of the initial validator group • Validator on 5+ Substrate-based blockchains including Polkadot and Kusama • Selected member of the StaFi Foundation delegation program • Enhanced yield service for institutional investors considering NPoS constraints • Automatic claiming of the rewards every 4 days enables your staking rewards to compound • We offer dedicated support for all your staking, unstaking, and network-related questions