The Utility Of StaFi Native Token — FIS
Introduction
StaFi has advanced in terms of Staking, last month they made a Staking Solution for BNB, Polygon, and Solana, how cool is it in a few months
StaFi has succeeded in making Staking Mainnet in their application StaFi APP and I can say Staking Mainnet is not an ordinary token or coin
But the famous ones like ATOM, DOT, ETH, BNB, SOL, MATIC. They succeeded in establishing cooperation with the project that I mentioned above.
But there is one thing that makes me curious, maybe you also.
Well, that makes me think, if StaFi focuses on making Staking rToken then what about their original/native Token which is FIS? will it affect
It can be said that in the StaFi APP we can stake various tokens, for example, SOL, MATIC, BNB, etc, then where is the power and utility of this FIS token?
Ok before we discuss the utility of FIS token, here I will briefly explain “What is FIS”
FIS TOKEN
In short, FIS is the original token of the StaFi Protocol which plays an important role in the StaFi Ecosystem and rToken.
On above, I briefly explained the utility of FIS, one of which is in the ecosystem. And there’s more because after I saw the FIS utility token it was very useful and indeed very influential in rToken.
So it will still have no effect even if StaFi releases more staking mainnet like rBNB, rSOL, etc.
It is precisely here that more and more StaFi releases mainnet Staking tokens, the more profit FIS holders get regardless of Staking rFIS
We can see in this picture
In the initial Staking process, I took the example of SOL Staking on the StaFi APP
In this 2nd picture, we can choose which network to use
In the 3rd picture, we can see where the FIS utility token is. Well, the function of the FIS token here is not only for staking, FIS is also used for FEE staking, transfers, bridges.
So it’s good that we want to stake SOL, BNB, or ETH which can be said the FEE gas is very high here, it can be replaced with FIS Token, it’s good that Staking Token is good without a big FEE
Well apart from that we can also get double income, how do you do it? So why can I say double income? In StaFi APP FIS can also be Staking to rFIS
So for example you have 10 FIS tokens and you are Staking
Then there are newly staking mainnets such as SOLANA (SOL) So we can take the results of the FIS staking for the SOL Staking fee or we can staking both if we are just Staking on the StaFi APP.
So after Staking SOL, the FIS that we bought earlier was used for SOL Staking fees, we can Staking the rest of the FIS. It’s not a loss, it’s even double the profit. Staking other tokens, FIS staking is also smooth
How come? well, this is the uniqueness of the Staking system of the StaFi Protocol. Because it’s unlocking, that’s why I said the FIS we bought in the market
For the purposes of Staking other tokens in the StaFi APP, we can also Stake without a minimum and we can take it for additional staking fees. And the good thing here is that FIS holders can participate in the tinkering of StaFi Protocol parameters, vote for Protocol upgrade, and determine development courses. Anyone can hand in proposals to the Protocol, but only holders of FIS can vote for or against a proposal, 1 FIS account for 1 ballot.
That’s where the utility of this FIS token is, so for me more and more staff are bringing up Staking mainnet rTokens. FIS is still powerful and profitable, still needed. It won’t be forgotten, because this FIS is really a TOKENOMIC from StaFi. It plays an important role in the StaFi ecosystem.For those who want to try it, you can go directly to https://app.stafi.io/
For a tutorial on how to staking, you can check here
https://docs.stafi.io/rtoken-app/rfis-solution/rfis-guide
About StaFi
StaFi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App (https://app.stafi.io). rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
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