StaFihub: StaFi Parallel Chain Dedicated for Cosmos Ecosystem rTokens

What is StaFiHub?

Key Features

  • It will be a Cosmos Eco Staking Derivatives-serving application chain.
  • The Cosmos SDK, similar to TerraChain, Osmosis Chain, and Sifchain, will be used for the chain function. On the other hand, the validator system will not be available when the mainnet launches and is nominated by the StaFi Foundation.
  • StaFiHub enables the IBC cross-chain protocol. The Cosmos ecosystem’s token assets can be cross-chained to StaFiHub via the IBC protocol, and the StaFiHub’s rToken assets can all circulate in the Cosmos ecosystem via the IBC protocol.
  • Using the Keplr wallet and the corresponding PoS Token, Cosmos ECO tokens can directly mint StaFiHub-based staking derivatives.
  • The StaFi team will create a cross-chain bridge between the StaFi Chain and the StaFiHub to exchange rTokens between the two chains.
  • The community will access general liquid staking solutions for Cosmos SDK projects to encourage the Cosmos ECO community to develop staking derivatives.

Why StaFiHub?

Some Notable Benefits of StaFiHub

  • Serve all Cosmos ecosystems (which include over 40 Cosmos SDK Projects) quickly and efficiently, and provide them with Liquid Staking Solution.
  • Encourage adoption by providing a more user-friendly Cosmos ecological experience.
  • Add to the rToken ecosystem at StaFi.

Conclusion

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Helen IMAH

Helen IMAH

I’m a TECH Lover, Blockchain Enthusiast, Strategic Digital Marketer, Content Creator, Crypto Trader & Data Analyst…