Stafi (FIS)

Liquid Staking and Liquidity

Stafi allows users to stake their Proof-of-Stake (PoS) tokens and receive rTokens in return. These rTokens represent the staked assets and can be freely traded, transferred, or used in other DeFi applications while still earning staking rewards. This solves the problem of locked assets in traditional staking by unlocking liquidity for staked tokens.

Network Security and Governance

The native token FIS is used to secure the Stafi network through staking, pay transaction fees, mint and redeem rTokens, and participate in governance decisions within the Stafi ecosystem.

Cross-Chain and DeFi Integration

Stafi supports multiple PoS tokens across different blockchains and enables users to engage in various DeFi activities such as yield farming, flash loans, and collateralized debt positions using their liquid staking tokens.

AI-Driven Optimization

Stafi aims to empower users with AI-driven insights and automation to optimize staking strategies, making staking more accessible, efficient, and profitable.

Ecosystem and Community

Stafi is a decentralized, community-governed protocol that continuously evolves based on user needs, offering flexibility and engagement in the crypto market while maintaining staking rewards.

Advantages

• Stafi unlocks liquidity of staked assets by issuing rTokens, which can be traded while still earning staking rewards.
• It supports multiple Proof-of-Stake (PoS) tokens and plans to add more, increasing flexibility.
• The protocol uses AI-driven insights and automation to help users optimize staking strategies.
• Stafi operates on a multi-layer architecture, enhancing security and functionality.
• It enables users to participate in network security and consensus while keeping assets liquid.
• The platform has ongoing development and updates, including integration of AI and transition to Liquid Staking as a Service (LSaaS).
• Stafi has a proactive approach to token economics, including token burn events to manage supply.

Disadvantages

• Stafi has faced challenges maintaining its user base over time.
• Exposure to smart contract and market risks remains.
• The crypto market is highly volatile, and FIS price can fluctuate significantly.
• Competition exists from other staking protocols.
• The project’s future price and adoption depend on various external factors like regulations and market conditions.
• Some community debate exists about the security advantages of its mechanisms compared to traditional PoW networks.

Founders

Stafi was founded by Liam Young and Tore Zhang in 2019.

Background of Founders

Liam Young has about 8 years of experience in product management and development, including work with internet companies like Alibaba. Tore Zhang is a software engineer with over 5 years of software development experience, including blockchain development, and is also the founder of the Wetez mining pool and Wetez wallet.

Key Investors in Stafi

Stafi has raised funding primarily through one round involving two main investors: Continue Capital and ZBS Capital. Other notable investors include LD Capital, B-Tech, Focus Labs, Spark Digital Capital, Web3 Foundation, Drops Ventures, TRG Capital, Duck DAO, Blackedge Capital, Stakely.vc, and Strategic Round Capital.

Funding Details

• Total funding raised: approximately $600,000 in a strategic round in 2020.
• The funding round was a venture series with participation from the above investors.
• Continue Capital and ZBS Capital are the most recent and prominent investors.

Investor Types

• The investors include venture capital firms and crypto-focused funds.
• Some investors are known for supporting decentralized finance (DeFi) projects and blockchain innovations.

This group of investors supports Stafi’s mission to provide liquid staking solutions and develop its decentralized finance ecosystem.

Halal Status

Yes, Stafi is considered halal.

Reasoning

Stafi’s business model focuses on liquid staking services that involve real asset exchange and value creation. It does not engage in interest-based lending, gambling, or other prohibited activities. The protocol generates value by facilitating staking and securing blockchain networks, which aligns with Islamic finance principles. Additionally, staking on Stafi is viewed as halal because it supports the network’s sustainability and rewards come from genuine participation rather than fixed or guaranteed interest.