StaFi_ protocol; Thanos of our time
Many of us have watched the story of Thanos.
A native of the planet Titan, Thanos saw the danger his people were in from overpopulation and suggested a severe solution -the elimination of half the population, at random and without prejudice, in order to make life better for the planet as a whole. He was shunned as a madman but later on , his planet eventually died.
The Mad Titan Thanos quests across universe in search of the infinity stones,intending using this powerful and limitless Stones for the purpose of reducing overpopulation.
Introducing StaFi protocol ; Thanos of our time
If you were observant enough, you would notice the obvious relationship between Thanos of Titan and StaFi -Protocol. StaFi protocol just like Thanos of Titan have been saving the day, the only clear difference is that while Thanos seeks to eliminate overpopulation which a lot of people didn’t come in terms with reason why most of his country men called him a mad man, StaFi protocol seeks to save the day by unlocking liquidity of your staked assets.
Prior to the announcement by the Ethereum foundation, a minimum of 32 ETH was required to participate in the ETH 2.0 staking which went live November 2020. A lot of retail investors was willing to participate in the staking but due to the enormous ETH required to stake, it's became very impossible for them to participate.
Then, StaFi protocol in the bit to save the day, came up with an initiative and a solution just like Thanos -They came up with a mechanism that allowed retail investors participate in the staking. Instead of the 32 ETH required by Ethereum foundation , a minimum of 0.01 ETH was required to stake on the StaFi portal. This gave retail investors a huge opportunity to be involved in the staking and with a 100% Liquidity assurance.
To further satisfy the universe and the entire DeFi and polkadot ecosystem, StaFi protocol further went on a quest across the universe for 6 precious infinity stones (rFIS , rETH ,rDOT, rATOM , rADA ,rXTZ) .These are called reward tokens, to further satisfy the StaFi community, StaFi protocol came up with a way to reward each staker or validator. For any amount of ETH or FIS you stake,you get exactly the same amount in reward tokens.
These quest for the precious infinity stones took months of tireless works from the team until they discovered rFIS and rETH. rtokens was officially launched and listed in the market (rFIS and rETH) and while Liam the CEO of staFi is still in the quest, we hope to discover more reward tokens in the future.
Staking Finance (StaFi) is the first Decentralized Finance (DeFi) protocol for unlocking the liquidity of staking assets. Through the Protocol, users can stake their Proof of Stake (PoS) tokens and get rTokens. This is just like staking one’s certificate of shares occupancy through an organization and receiving funds to trade other assets. With rToken, users are able to get the staking reward and trade the locked staking token at the same time.