Market cap$54,386,705.00
Est. APR22.38%Fee 20.00%

What is StaFi?

StaFi (short for Staking Finance) is a decentralized liquid staking protocol created with Substrate and part of the Polkadot ecosystem. 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. 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.

FIS is the native cryptocurrency of the StaFi blockchain. It can be traded, used for gas fees, and staked to earn additional newly minted FIS.

What is StaFi staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as FIS) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens and receive five additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as FIS does not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for StaFi (FIS) staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

Stakin has been an active Stafi Mainnet validator since genesis in September 2020 as part of the initial validator group, making us one of the longest standing validator operator on Stafi. We are also a selected member of the StaFi Foundation delegation program. Stakin is also a validator on 5+ Substrate-based blockchains, including Polkadot and Kusama.

There are several advantages when staking your StaFi (FIS) tokens with Stakin, such as:

  • Triple AAA-rated institutional staking provider by Staking Rewards

  • ISO 27001 certified staking provider

  • Tracking dashboard, to easily track and generate reports for the performance of your staked assets

  • Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

  • Enhanced yield service for institutional investors, taking into account NPoS constraints

  • Automatic rewards claim every 4 days, enabling your staking rewards to compound.

  • Dedicated support for all your staking, unstaking, and network-related questions

  • Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Stafi (FIS) Staking?

As an institutional-grade Stafi (FIS) node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

  • Institutional grade SLAs with 99.5%+ uptime guarantees and slashing guarantees

  • Dedicated Account Manager to answer all your technical and commercial questions

  • Whitelabel and dedicated nodes with dedicated infrastructure which can be deployed in your preferred region to fit decentralization or compliance needs

  • To adapt to NPoS (Nominated Proof-of-Stake) specificities, we can deploy as many dedicated servers as required for institutional customers, which contributes to optimizing the yield on Stafi

  • To avoid coordinated slashing events, which carry a higher slashing penalty on Stafi, we can set up an infrastructure that is distributed at several bare metal providers in different geographies

  • Automated payouts, commissions, reward claims, and management with clear reporting. Commissions and rewards can be set to specific addresses and handled directly by the protocol without any custody from Stakin

  • 24/7 monitoring and alerting with a private dashboard for dedicated and Whitelabel nodes

  • Free premium access to Stakin Dashboard which includes staking data visualization across any validator and premium historical data features (on selected networks)

Articles and Staking Guides

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