About StaFi
FIS is an Ethereum token that powers StaFi, a cross-chain protocol for trading staked assets as derivatives (also called “liquid staking”). Users can stake proof of stake assets via StaFi to receive “rTokens” (for example, staking 1 XTZ on StaFi might generate 1 rXTZ), which can be freely traded and redeemed for a corresponding amount of the locked and staked asset. FIS is used for staking and minting rTokens, and for paying transaction fees on the network.
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Buyer Ratio
Traders
86
1.18%
Buyers
56
60%
Sellers
35
-37.5%
Searched
81
Market Stats
Market Cap
$17.19M
-13.07%
FDV
$23.22M
Circ. Supply
113M FIS
Max Supply
Not enough data
Total Supply
153M FIS
Total Value Locked
$6.35M
Diluted Valuation
$23.21M
Performance
Popularity
#888
Dominance
0%
Volume (24H)
$5.63M
-36.59%
Volume (7D)
$50.15M
Volume (30D)
$528.97M
All time high
$4.82
Price Change (1Y)
-69.77%
Additional info about StaFi
Recent trends
The latest FIS price is $0.15. Compared to StaFi's value of $0.17 from 24 hours ago, there's been a -14% decrease, while the current price is -9% down from $0.17 which was recorded one week ago. StaFi's all time high is $4.82, which was reached on March 3, 2021. This is a -97% change from its price today.
The market cap is currently $17.19M, which is a result of multiplying the current price of StaFi($0.15) by the total supply(153,062,896 FIS). The fully diluted valuation of StaFi is $23.22M. The diluted valuation of StaFi is $23.22M.
Market details
FIS vs markets
↘ 77.17%
FIS vs BTC
↘ 80.47%
FIS vs ETH
↘ 54.67%
Tags
defi
substrate
polkadot
liquid-staking-derivatives
Network & Addresses
Network | Address | |
---|---|---|
Ethereum | 0xef3A930e1FfFFAcd2fc13434aC81bD278B0ecC8d |
Price history
Time | Price | Change |
---|---|---|
Today | $0.15 | ↘ 13.51% |
1 Day | $0.17 | ↘ 13.51% |
1 Week | $0.17 | ↘ 8.67% |
1 Month | $0.23 | ↘ 35.19% |
1 Year | $0.50 | ↘ 69.77% |
FAQ
StaFi, short for Staking Finance, is a decentralized protocol that aims to unlock the liquidity of staked assets in Proof-of-Stake (PoS) blockchains. It is the first multi-chain liquid staking protocol that seeks to resolve the conflict between token liquidity and mainnet security in PoS consensus. Users have the opportunity to stake their PoS tokens through StaFi and receive rTokens in return. These rTokens are synthetic staking derivatives that represent the staked tokens and their corresponding staking rewards. They can be transferred and traded at any time, providing users with liquidity while still allowing them to earn staking rewards. StaFi's protocol is overseen by a decentralized autonomous organization (DAO), with input from the community and core team.
StaFi operates through a staking pool protocol that manages user contributions, staking rewards, and withdrawals. Users stake their PoS tokens through staking contracts built in the StaFi protocol and receive rTokens in return. These rTokens, such as rETH, rMATIC, rATOM, rBNB, rSOL, etc., are tradable and can earn staking rewards from the original chain simultaneously. The staking entities, known as operators, manage a secure and stable infrastructure for running validator clients. This infrastructure includes high-availability servers, redundant networks, and robust security measures. By managing this infrastructure, staking entities help ensure the safety and reliability of validator nodes.
StaFi provides a solution to the liquidity problem in PoS staking. Users have the opportunity to stake their PoS tokens without locking their assets or maintaining infrastructure, while participating in on-chain activities. The rTokens issued by StaFi can be used for trading, borrowing, or lending on various platforms. This allows users to earn staking rewards on their tokens without having to lock them up, providing them with more flexibility. They can also be used to provide liquidity to DeFi protocols and to create staking derivatives. As a result, rTokens are a valuable tool for users who want to participate in the staking market.
StaFi was initially built on the Polkadot ecosystem using Substrate to construct the StaFi Chain, which provides staking through an appchain. Subsequently, StaFi Hub was developed to support staking in the COSMOS ecosystem. With the development of the EVM ecosystem, StaFi has launched a solution for EVM Compatible Chain. Currently, the StaFi Protocol supports multi-chain ecosystems such as Ethereum, Polygon, BSC, COSMOS, Solana, Polkadot, Kusama, etc. Ensuring security is a priority for StaFi, and it works with reputable security auditors to conduct regular security audits and has a security incident response plan in place.
We update our StaFi to USD currency in real-time. Get the live price of StaFi on Coinbase.
The current market cap of StaFi is $17.19M. A high market cap implies that the asset is highly valued by the market.