StaFi Protocol Monthly-March Community Updates
The March month at StaFi Protocol began at a high note due to the launch of its much anticipated product, rDEX, on the mainnet. This was followed by another major event of the release of StaFiHub testnet. StaFi also upgraded the UI/UX of its rToken App to further enhance its user experience.
Many community engagement initiatives were also undertaken to attract more audience to what we are building at StaFi for transforming the process of staking.
Currently, we are working to develop the StaFi ecosystem and expand its horizon with high-quality products to its users. A roadmap for Q2 of 2022 was also released to share our goals for the next three months.
Here are the details of March’s progress:
Technical Update
1. rDEX went live on Mainnet
On 1st March, rDEX was launched on the mainnet. It is an AMM DEX built by StaFi which is of crucial importance for the development of the rToken ecosystem. rDEX will directly support the trading of all the rTokens issued by StaFi. Some of the important features of rDEX are:
➡Provides Continuous liquidity for all 7 rTokens
➡Ensures Lower slippage
➡Supports asymmetric deposits
For complete details, read here: https://twitter.com/StaFi_Protocol/status/1498640261781463042
2. New Round of Mint Program with reward pool of 119K $FIS went live on rPool
This program is live for a period of 180 days starting from 4th of March. It caters to the following token holders: $ETH, $BNB, $DOT, $KSM, $ATOM, $SOL & $MATIC. The users enjoy benefits such as $FIS rewards, Higher staking rewards, and tradable rTokens.
Read here for more details: https://twitter.com/StaFi_Protocol/status/1499701519301890052
3. StaFiHub
We shared some important technical updates on StaFiHub on the 11th of March to make the community familiar with our progress. Read these updates here: https://twitter.com/StaFiHub_/status/1502281352116588546
4. StaFiHub testnet phase 1 released
On March 23rd, We proudly shared the release of the 1st phase of StaFiHub testnet which is open for StaFi core developers only. We will release a public testnet after this phase ends. Details on this will be shared with the community shortly.
For complete information, read here: https://twitter.com/StaFiHub_/status/1506592025713733642
5. rToken App V3 Upgrade on the mainnet
rToken App V3 upgrade was released on the mainnet on 29th of March, to ameliorate the overall experience of the users by rectifying the problems faced by the community over the past months. We have added new UI/UX enhancements to the rToken App which includes:
- Renewed staking page
- rBridge page moved to main navigation bar
- Reorganized rAsset page
- Optimized staking process
- rDEX link integration
Click here for more details: https://twitter.com/StaFi_Protocol/status/1508772936458862598
6. Invited more validators for StaFi Validator Eco Building Program
As the StaFi ecosystem is expanding rapidly with the continuous influx of new products, on March 24th, we invited more validators to support its growth. StaFi Foundation will offer delegation grant to validators for their remarkable contributions.
Get all the required information here: https://twitter.com/StaFi_Protocol/status/1506950119714828290
Community Update
1. Roadmap for Q2 of 2022
We have released our roadmap for the second quarter of 2022 which gives an overview of our next steps and gives users a scope of the platform and our growth prospects.
2. Giveaway of 200 $FIS through rDEX Twitter handle
On 2nd of March, to celebrate the release of rDEX on mainnet a 200 $FIS Giveaway was organized to reward 10 participants.
3. Twitter space and AMA for rDEX updates
On March 7th, a Twitter space was organized with the StaFi’s CEO, Liam Young, to provide more information on rDEX. This was accompanied by an AMA.
4. A big Gleam questionnaire giveaway with a prize pool of 1000U
On 10th of March, StaFi Protocol organized a big and 15-days long Gleam questionnaire giveaway. A prize pool of total 1000U in $FIS will be given out to 50 winners.
5. StaFi Warrior contributions for February
On 15th of March, we shared the admirable content created by our valued StaFi Warriors in various formats like Articles, GIFs, Infographic, videos & memes. We also selected 3 excellent StaFi Warriors for their contributions.
6. Discord server
We have revamped our Discord server completely to make it more attractive and useful for the community. We also added several language groups for the convenience of our users all around the world.
7. StaFi Forum
We have added new categories for rDEX and StaFiHub in our Forum. We welcome everyone to share their opinions on StaFi and propose any changes or upgrades they wish to see in our platform.
PR & Communications
StaFi Protocol is thrilled to share that we have received amazing coverage throughout several platforms.
- Yahoo Finance: https://twitter.com/StaFi_Protocol/status/1501993985803714561
- Tech Times News: https://twitter.com/rDEX_Finance/status/1503353990163369985
- Bloomberg Markets: https://twitter.com/StaFi_Protocol/status/1503400182271995904
- Cointelegraph: https://twitter.com/StaFi_Protocol/status/1504456406376022016
- Startup Fortune: https://twitter.com/StaFi_Protocol/status/1507346377201778691
April Prospects
Time flies and we are about to enter Q2 now. During March, we collected some feedback from the community received after the launch of rDEX and we began to design the V2. Moreover, integrating rDEX into StaFiHub has been taken into consideration. In addition, StaFiHub has been released on the testnet and we are testing the whole integration process with some project partners. All issues found in the testing will be fixed and improved before the release on public testnet.
In April, the focus will be the further development of StaFiHub and releasing it on public testnet. Meanwhile, we will supplement and improve some tools, such as recommendation plan, ledger integration, rATOM airdrop tool, etc. To summarize, we will continue to optimize product experience for our users. Let’s look forward to an exciting new month now!
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 . rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
