New rTokens

For every new quarter in the future, the development of new rTokens will be significant development work. It is essential for StaFi Protocol to become a staking network. In the future, the standards of the rTokens that are integrated into the protocol will become more stringent. The protocol will comprehensively assess the impact and benefits before/after releasing every new rToken and make informed decisions on whether to accept any rToken. Checking whether the ecosystem is robust enough will be a very important work for the team in the future. The projects currently being evaluated/developed include rSOL, rBNB, rMATIC, rNEAR, rROSE, rADA, rAVAX, rIRIS, etc. The market situation and community opinion will determine whether and when any one of them will be made public.
Of course, projects based on the Cosmos SDK and Substrate are also under consideration. They will be presented before the community sooner than the above-mentioned projects, but they face similar technical and product standards. Some Substrate and Cosmos SDK based projects are outstanding, such as Terra, Band, Secret, Plasm, etc. StaFi has realized reproducibility for the development, which makes it easy to develop liquid staking solutions for the above projects.

New Integrations

StaFi will continue to create new user scenarios for rToken in the Q3. Liquidity will keep increasing to support new integrations in the future. Taking our cooperation with Curve as a great example, strong liquidity revitalizes the staked ETH assets that are released. Other released rTokens, such as rDOT, rATOM, etc., need to find their Curve counterparts in their respective ecosystems (such as Pancake and Ellipsis on BSC, Polkaswap based on Substrate, Gravity, Osmosis and Coinswap based on Cosmos SDK, etc.) in order to achieve a win-win cooperation.
In addition to liquidity, mining projects (for example, mining in cooperation with StoneDefi and mining in cooperation with WrapFi, etc.) may be another key emphasis of work. All rTokens are endorsed by staked assets and are interest-bearing assets, so a lot of mining protocols will be interested in cooperating with us.
StaFi will keep looking at the possibility of rTokens acting as collaterals, such as integrating rToken in AAVE as loan collateral, or as StableCoin collateral in MakerDAO. No doubt, that requires time and community participation in the long term.

A New rToken App

rToken App is a tool that facilitates the rToken asset management both for stakers and Validators. At the current stage, the UI/UX is not as per our expectations. As the number of rToken holders is increasing, the App faces new challenges. We are working to optimize the App experience based on user feedback. At the same time, we are optimizing the UI/UX for the Validators, and one important work ahead of us is to optimize the election strategy for original validators. We design the strategy to follow the principle of maximizing rewards and minimizing losses. A mature product will be released in Q3. Almost all users will benefit from that exciting product.

New Explorations

The mint amount of rToken will gradually increase, which poses both opportunities and challenges for the protocol. When StaFi completes the trans-ecosystem connection (rBridge), the StaFi protocol is positioned to develop related applications based on rTokens.
If we have enough manpower, we will devote some of our energies to exploring new applications, such as rToken-based index products and algorithm products based on rToken election, etc. Another emphasis is the self-upgrading of the protocol. In order to prevent problems such as slash or liquidity risk, StaFi Dev will set up relevant solutions at the protocol layer. For example, the lending solution for the liquidity of stakers at the protocol level, the insurance solution for Slash risks, etc. All these protocol upgrades will be introduced in the follow-up articles.

Security & Decentralization

Security has always been StaFi’s top priority. We believe that with more manpower, security can be better guaranteed. As more developers join, code quality, development speed, and problem response will all be enhanced, raising the protocol’s security to another level compared to Q2. Security is closely related to a protocol’s decentralization, and so the degree of decentralization will also be improved. We are optimizing the tokenomics of the StaFi protocol, and seeking to complete decentralization upgrades for RPC Node/Light Client, Relay Node, etc., which is essential to our safeguard endeavor.