StaFi Coin (token: FIS) is a digital currency representing an innovative project in the world of decentralized finance (DeFi), and its name is short for:
Staking Finance – meaning 'Staking Funding'.
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✅ What is the StaFi project?
StaFi is a decentralized protocol aimed at solving the liquidity loss issue when staking digital currencies in proof-of-stake (PoS) networks.
Usually, when you stake a coin like ETH or DOT, you cannot use it until the end of the staking period, but StaFi addresses this with smart technology.
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🔁 How does it work?
When you stake coins through the StaFi protocol, you receive what is called:
🎯 rTokens (such as rETH, rDOT...)
These are derived tokens from the native coins.
Represents your ownership of the staked asset + yields.
It can be traded or used in other DeFi protocols.
> Example: Stake 10 DOT → receive 10 rDOT → sell it or use it on DeFi platforms without unstaking.
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💠 FIS Coin (project token)
It is the native currency of the StaFi network and is used for:
Paying fees on the network.
Participation in governance (voting on network decisions).
Rewards for validators and users.
Insurance and security for the network.
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📊 Quick information about FIS (up to June 2025):
Year of launch: 2020.
Blockchain: Built on Substrate (like Polkadot).
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🧠 StaFi Features:
The first protocol to provide liquidity for staking (staking liquidity).
Supports multiple chains (Ethereum, Cosmos, Polkadot...).
Contributes to improving capital efficiency in DeFi.