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0.00012370ETH
+0.24%
$0.32488029฿0.00000479Volume(24H)$339.57
Today
Low:0.32415600
High:0.33827900
Yesterday
Low:0.00012220
High:0.00012470

Market information

Market Cap $48,056,602.67
Global Volume(24H)$3,313,899.74
All-Time Low$0.22824200
All-Time High$4.8187
Initial Price$0.15
ROI
116.59%
Circulating Supply 147,796,305 FIS
Circulation Percentage 100.0000%
Max Supply 147,796,305 FIS
Total Supply 147,796,305 FIS

Price history

Information

Converter

FIS

Project Introduction

StaFi is a liquidity release protocol that provides liquidity for pledged tokens in PoS mechanisms.

Project Vision

StaFi aims to resolve the conflict between the security of the main network and token liquidity in the PoS consensus.

Market Demand

In the Stake model, the system has stability requirements on pledged tokens to prevent remote attacks: there is no Stake. There is also the problem of computing fragmentation. Pledged tokens are locked up by the system for a period of time. While token holders can initiate the unlocking at any time, tokens remain untradeable during the period. That is, the holder is still not protected from fluctuations in the value of the token at that stage. This is caused by the contradiction between the security of Token pledge and the liquidity of Token.

Solution

Staking is Staking with a contract built into a StaFi agreement, where the owner gets an alternative token (rToken, such as rXTZ, rAtom, rDot, etc.) that is tradeable and is rewarded with good Staking from the original chain.

Project Implementation Mechanism

StaFi Staking is Staking+Finance. It is a decentralized protocol built using Substrate. The contract layer is made up of contracts, and the application layer is where rTokens primarily trade.

Token Usage Scenarios

Pledge: Verifiers in THE StaFi Consensus need to invest in FIS to join the consensus network, and nominees need to pledge FIS to participate. Transaction fees: To avoid system abuse, the originator of a transaction must pay an FIS to access computing resources. In this way, invalid transactions will be eliminated, similar to the functionality of other Boca chains. On-chain governance: FIS holders can participate in changing StaFi protocol parameters, vote for protocol upgrades, and determine the development process. Anyone can submit a proposal to the agreement, but only FIS holders can vote for or against the proposal, i.e. one FIS account represents one vote. Value capture: The majority of the platform fees (transaction fees and liquidity fees) of the StaFi agreement will be used to fund the buyback and burning of FIS tokens. The distribution of StaFi income may change depending on governance decisions.

Characteristic

1. At present, the mainstream public chain projects in the market adopt PoS consensus mechanism. As time goes by, the liquidity demand for releasing pledged assets will increase. 2. Pursuing multi-chain development, StaFi currently supports 7 crypto asset liquidity solutions. 3.StaFi is relatively secure, and many of its products are audited by third parties. 4. Decentralized and unmanaged asset management through multi-signed addresses and secure multi-party computing. 5.StaFi community is highly active.

Release Mechanism

FIS is a Stafi protocol native token, with an initial issuance of 100 million and additional issuance each year. The largest portion of the allocation of tokens is community rewards (40%), which is mainly used for user and community rewards, with teams and investors holding 33.07% of tokens.

Competitors

StaFi's rivals are liquidity relief agreements for mortgage assets, which can also be written down. Lido, Ankr, and StakeFi are representative among these protocols. Lido mainly provides liquidity solutions for ETH. It features the DAO mechanism, which distributes collateral assets and rewards through an elected node operator and a series of nodes managed by the operator. Ankr and Stakeholder are multi-chain liquidity providers for mortgage assets. There are two types of token distribution: one is that the standby token is anchored in a 1:1 ratio with the original token, and the pledge reward is distributed by generating additional tokens; The other is that the standby token the user receives remains the same, but the value of the token increases as the pledge reward is generated.

Project Risk

1. Compared with Lido Finance, StaFi is less competitive in ETH liquidity release. 2.StaFi's rToken ecosystem still has some room for improvement.

Values

StaFi is committed to building multi-chain liquidity release protocols for its clients. Mortgaged assets. Despite Lido's outstanding performance in the ETH liquidity release agreement, StaFi still has the opportunity to acquire other collateral assets in the current market. In addition, StaFi is more decentralized than Lido and contains a relatively low risk exposure. As other Pos public chains develop, StaFi will become more competitive.

Pairs

RankSourcePairPrice24hVolume(24H)Trading PercentUpdated
1Binance1BinanceFIS/USDT
0.32560000
1.15%$854,701.4213.1948%2024-10-18 10:24:34
2CoinW2CoinWFIS/USDT
0.32740000
1.33%$122,764.131.8952%2024-10-18 10:24:24
3Bitget3BitgetFIS/USDT
0.32530000
0.68%$42,381.80.6543%2024-10-18 10:21:39
4BingX4BingXFIS/USDT
0.32530000
0.62%$34,596.360.5341%2024-10-18 10:24:10
5Coinbase Pro5Coinbase ProFIS/USD
$0.3321
0%$4,961.940.0766%2024-10-18 10:24:19
6Binance6BinanceFIS/BTC
0.00000478
-0.62%$3,699.960.0571%2024-10-18 10:24:15
7Crypto.com Exchange7Crypto.com ExchangeFIS/USD
$0.3254
0.91%$3,423.90.0529%2024-10-18 10:24:14
8Gate.io8Gate.ioFIS/USDT
0.32580000
0.74%$1,127.040.0174%2024-10-18 10:23:57
9Kraken9KrakenFIS/USD
$0.3197
-0.56%$469.390.0072%2024-10-18 10:21:37
10Gate.io10Gate.ioFIS/ETH
0.00012370
0.24%$339.80.0052%2024-10-18 10:24:26
11HTX11HTXFIS/USDT
0.32110000
-1.89%$47.04680.0007%2024-10-18 10:23:18
12WhiteBIT12WhiteBITFIS/USDT
0.32540000
1.02%$323,387.484.9924%2024-10-18 10:19:35

Trading platform transaction information

Trading Percent

All Exchange
ExchangeVolume(24H)Trading Percent
BinanceBinance$858,401.3827.1331%Visit
Coinbase ProCoinbase Pro$4,961.940.1568%Visit
KrakenKraken$469.390.0148%Visit
Gate.ioGate.io$1,466.850.0464%Visit
Crypto.com ExchangeCrypto.com Exchange$3,423.90.1082%Visit
BitgetBitget$42,381.81.3396%Visit
BingXBingX$34,596.361.0936%Visit
CoinWCoinW$122,764.133.8804%Visit
HTXHTX$47.04680.0015%Visit
WhiteBITWhiteBIT$323,387.4810.2219%Visit
XT.COMXT.COM$291,854.959.2252%Visit