HIGHLIGHTING THE MAJOR ACHIEVEMENTS OF THE STAKING FINANCE NETWORK IN Q3
The staking finance platform since its Launch has totally changed how individuals within the DeFi industry interact with the blockchain tchnology especially as regards to staking. staking descriptively has provided users the opportunity to optimize their earnings and leverage their crypto assets for optimum benefits.
StaFi network in a bid to provide top notch staking services keeps reinventing its structure and has become one of the top blockchain projects that unlocks liquidity for staking assets by offering alternative tokens which gives the users access to their staking rewards at the completion of the lock up period, the rtoken are also tradable on compatible exchanges. Basically, StaFi staking structure is a win-win for all of its adopters and proposes more improvements to give users the best of services.
When it comes to program and structural improvements, the stafi platform has recorded massive achievements over the past few months, a lot of new and exciting features are already making rounds on various social media handles, this is a reflection of the teams doggedness towards ensuring sustainable project development and provision of unbeatable products in the global market. there are a good number of developments in the staking finance platform, let’s take a look at some of them below.
The validator building program.
The StaFi chain since its release has been able to reel in more than 250 validators, a plausible feat considering its only been a few months the network debuted, however, a few laxities within the chain started coming to limelight, the integrity of validators was gradually dwindling, the stafi foundation has moved to nip this unwholesome development in the bud by moving for a recruitment scheme that will see the integrity of validators restored.
The stafi validator eco building program is to attract more institutional investors to become part of the stafi chain, however, only the most qualified candidates can be accepted into the network, in order to ascertain the qualifications of aspiring candidates, a few regulations have been drafted and stringent requirements expected of the accepted participants, this is to ensure utmost professionalism of the validators in the ecosystem.
ROCKZ
StaFi network is the gift that keeps on giving, there have been a lot of partnerships from various angles since its inception partnerships helps in sustaining a project for the long term, furthermore, it provides interoperability between the various parties as well as creates more opportunities for users to have a variety of experience in decentralized finance.
Just recently, the staking finance platform has reached a partnership with another high profile blockchain powerhouse, Rockz. Rockz is a professional staking service provider which has existed in the blocks for quite some time, providing enterprise grade validating services for diverse blockchain projects including solana, terra, polkadot, oasis, kusma and many more. rockz will pave the way for major improvements on StaFi and share its expertise on reliability, security and decentralization in the staking.
Furthermore, the platform with its robust structure will provide reliable validating services for rtokens including reth,rdot,rksm and others. It will also help in research and ecosystem development, joint exploration in liquidity staking and a lot more. This partnership will bring to users a wealth of experience in mining, staking, protocol research and infrastructure design among many others.
COINSWAP
This is another groundbreaking partnership for the staking finance platform, in a bid to create compatibility between the StaFi network and coinswap, these two powerhouses have teamed up to launch new rAtom asset which is a staking derivative of Atom, this development is aimed to make both systems stronger and as well provide maximum incentive package for providers of liquidity.
This development will see the stafis rAtom swappable on the coinswap exchange, coinswap users will be provided more Dis token as reward for their loyalty, it will also contribute to the strengthening of the security of both Iris hub and Cosmos hub. Moreso, as the rtokens are usually minted after assets are staked, double rewards for rtokens is enabled on coinswap, there is also liquidity provider rewards for farmers and PoS staking rewards after assets are unlocked.
POLKALOKR
A huge win for the both users of the StaFi network and polkalokr is on the cards here, with the obvious complexities of DeFi these networks set out to create seamless and smart solutions for adopters. The partnership between StaFi and polkalokr is drawn to help in the distribution of StaFi tokens. Obviously, the Polkalokr network is known for its innovative and cutting edge technology, the StaFi network intends to integrate and leverage these technology for maximum token distribution, on the other hand, Polkalokr network will stand to create more usability and utility for their clients and community members.
IMTOKEN
Presently, the Eth2.0 coalition is expected to begin operating after 2021, this will impact the withdrawal of Eth for sometime, One can only retrieve withdrawal when Eth2.0 opens up, however, the rEth, which is a staking derivative for Eth has been included in the imtoken ecosystem. This implies that instead of waiting to retrieve one’s Eth withdrawal before resuming trade, one can easily swap rEth to Eth on various compatible decentralized exchanges like Uniswap or Curve.
CONCLUSION
Aside from unlocking the liquidity of staking assets, the staking finance platform keeps reinventing itself and broadening its scope of operations to provide the best DeFi experience for its users. The Q3 has been a rollercoaster season for this network, with improvements on various parts and partnerships with other top notch blockchain projects in order to strengthen its security and improve system development.
The likes Of Polkalokr, rockz, imtoken, coinswap and the newly launched validator building program is only the beginning of a revolutionary StaFi network, there are still more partnerships to come in the future and more DeFi territories to conquer, this reinforces the fact that Staking finance is here for the long term.
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