Stone collaborates with StaFi to bring liquid staking assets into DeFi 2.0

What is 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.

What is Stone?

Stone is a yield aggregation protocol that powers innovative yield generation strategies through liquid PoS staking. Following thorough review and research into the DeFi space, Stone has identified and crafted new farming strategies that tap into PoS farming, starting with staked ETH.

The emergence of yield farming 2.0 on Polkadot ecosystem

StaFi and Stone both recognize the potential of interoperability and have been designing new products on substrate, anticipating new assets emerging on Polkadot Ecosystem. “So far over 50% of DOTs are staked and that is worth 10 billion USD with 28 days of unbounding. In addition, parachain auctions will make even more DOTs staked within the system for up to 2 years. There is a strong market need of making the staked DOT liquid.” Mentioned Alex Lam, “Stone aspires to build index products and other interest products on substrate to harness the abundance of cross-chain assets on Polkadot and provide easy access for average users to yield-bearing assets.”

What will the partnership bring to the community?

Introduction of rETH onto Stone

rETH is a synthetic derivative asset issued to ETH stakers, that enables instant liquidity for the illiquid Ethereum 2.0 network. rETH can be redeemed from the StaFi platform for the stakers to keep in self-custody, trade on Uniswap or utilize in DeFi protocols to earn a yield.

The only yield management framework focused on creating Rock Solid Yield for all the users in the #DeFi space.