StaFiHub Dedicated for Cosmos Ecosystem rTokens

5 min readJan 30, 2022

Introduction

The protocol of Stafi is created by Substrate and adopts Nominated Proof-of-Stake (NPoS), which complete Staking by setting up Staking Contracts in the upper layer to communicate with public chains. The Staking process is immune to Stafi’s contracts, for the latter act as the account book during Staking. Tokens staked through contracts will be written in the contracts and finally be locked-up on the original chain.

in this article I will explain what StaFiHub is, as usual I will explain it briefly and concisely

What Is StaFiHub?

StaFiHub is a blockchain project in the Cosmos ecosystem that aims to make it easy for users of the ecosystem to get rTokens such as rATOM and rLUNA and trade them. To achieve this goal, StaFiHub needs to implement its own rToken Protocol. Though StaFiHub is based on Cosmos-SDK while StaFi chain is based on Substrate, their architectures are similar.

What Is The Solution Provided By StaFiHub?

StaFfHub provides great solutions and features

StaFi is proposing a new set of Staking Derivative solutions, namely StaFiHub, to serve many Cosmos Ecosystem chains and their users. StaFiHub provides a new technical architecture that is friendly to both Cosmos users and developers, to promote the Cosmos ECO rToken and the openness of its general technical architecture.

Why Did StaFi Release The StaFiHub?

The current rToken technical framework greatly constrains the development and user experience of the Cosmos Eco rTokens. At the same time, General Liquid Staking Solutions for Cosmos SDK Projects developed by StaFi based on rATOM is also limited due to the current technical architecture, for projects are reluctant to be engaged due to technical difficulty.

How Does StaFiHub Feature, Does It Provide The Best?

StaFi releases StaFiHub will definitely provide the best and best possible features for the community and its investors

StaFiHub is a parallel chain developed by StaFi based on the Cosmos SDK. It has the following features:

1) The chain function will be based on the Cosmos SDK that is similar to that of TerraChain, Osmosis Chain, and Sifchain. However, the validator system will not be open when the mainnet is launched and will be nominated by the StaFi Foundation.
2) It will be an application chain serving the Cosmos Eco Staking Derivatives.
3) The IBC cross-chain protocol will be supported. The token assets of the Cosmos ecosystem can be cross-chained to StaFiHub through the IBC protocol, and the rToken assets on the StaFiHub can all circulate in the Cosmos ecosystem through the IBC protocol.
4) Cosmos ECO tokens can directly mint out StaFiHub-based staking derivatives using the Keplr wallet and the corresponding PoS Token.
5) The StaFi team will build a cross-chain bridge between StaFi Chain and StaFiHub to support the exchange of rTokens between the two chains.
6) General Liquid Staking Solutions for Cosmos SDK Projects will be opened to the community to encourage the Cosmos ECO community to develop staking derivatives.

Based on StaFiHub, the circulation process of Cosmos Eco’s rToken in “Mint-Trade-Redeem” will be greatly improved

How It Works Technical Architecture Of StaFiHub?

The way it works is pretty good and if we look at the process how it works this StaFiHub feature is really good

StaFiHub’s Native token is FIS from StaFiChain. There will be another cross-chain bridge to support transfer of FIS and other rTokens between StaFiHub and StaFiChain.

2. StaFiHub will use POA rather than POS.

3. New Operation Mechanism on StaFiHub.
StaFiHub supports IBC transfer, as each IBC transfer to StaFiHub will emit a transfer record on StaFiHub, rToken users can get rToken simply by sending an IBC transfer to the given address on StaFiHub.

4. Cross-chain model: Cross-chain bridge project rToken-Relay will scan every block to find all the IBC and other rToken related types of msgs to complete all the processes of one Era.

Both StaFiHub and foreign-chains are based on cosmos-sdk, the StaFiHub client and the foreign chain client are actually two instances of one interface.

Both StaFiChain and StaFiHub support emitting an event from a transaction to drive the process forward step by step.

What Are The Benefits Provided By StaFiHub?

The benefits provided by StaFfHub are quite good and help in a more friendly ecosystem at a lower cost

Benefits of StaFiHub
1) Quickly and efficiently serve all Cosmos ecosystems (which consists of over 40 Cosmos SDK Projects), and provide them with Liquid Staking Solution.
2) Promote Adoption with a more friendly user experience for Cosmos ecological users.
3) Enrich the ecosystem of StaFi’s rToken.

How About The Roadmap?

for the roadmap on StaFiHub
StaFi is more focused on roughly evaluating the work potential and releasing the mainnet, as well as fully developing the first rToken on StaFihub

Integrate IBC module to interact with other IBC chains in Cosmos Eco.
Integrate the bridge between StaFi chain and StaFiHub.

this is an explanation of the StaFf Hub that I can discuss in this article, in this article I take the source from

For those who are curious about the StaFi Protocol, you can follow the social media and visit the website

Website: www.stafi.io
rToken App: https://app.stafi.io
Twitter: @Stafi_Protocol
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann
Discord: https://discord.com/invite/jB77etn
Forum: https://commonwealth.im/stafi