$rSEI, the winner of rLaunchpad season 1 and developed by StaFi LSaaS stack, is ready for mainnet deployment after months of testing, coinciding with the upcoming @SeiNetwork #EVM mainnet launch.
🚀Challenges and Solutions Behind #LSD Stacks 1️⃣Smart Contract Immutability Smart contracts cannot be modified once deployed. However, as projects evolve, there is often a need to add new features or fix bugs.
StaFi #LSD Stacks utilizes the ERC-1822 UUPS proxy pattern, enabling smart contracts to be upgraded without compromising their initial functionality.
StaFi Protocol Monthly - April Community Update In April, progress on StaFi 2.0 continued smoothly with rSEI based on the #EVM #LSD Stack and $rATOM, based on the CosmWasm LSD Stack, launched on the testnet. Let’s dive into the details👇
➡️Product & Development ✅ $rSEI launch on the testnet ✅ $rATOM launch on @Neutron_org testnet ✅StaFi #LRT Stack technical key points ✅Technical spell behind StaFi LSaaS’s #LSD Stacks
📢Bridge Removal Update As planned, the bridge for $rSOL from StaFi to Solana has been removed due to the completion of $rSOL migration. Any question pls contact us: https://t.co/CVEYQ6sr6g Proposal:
In Q2, AI will be introduced to enhance StaFi LSaaS with intelligent processing. It will: 1️⃣Enhance the StaFi smart delegation algorithm 2️⃣Maximize staking yields 3️⃣Mitigate losses 4️⃣Bolster decentralization The research is being conducted, stay tuned for more details!
StaFi is excited to announce the introduction of $rSEI to the Sei community in association with @SeiNetwork . $rSEI, developed based on the SEI #EVM, represents a significant innovation in LST development. This initiative also benefits from the EVM LSD Stack in StaFi 2.0.
The introduction will provide the Sei ecosystem with more stable staking and liquidity support. This will also help balance between the $SEI token liquidity and network security, and provide long-term sustainability for the ecosystem.
StaFi 2.0 Progress Update (Apr 22 - Apr 26) 1⃣The contract logic for $rBNB migration has been developed and deployed on the mainnet. Additionally, the undelegate operation has been successfully executed.
2⃣The $rSEI contracts have been redeployed on the testnet with optimized logic enhancements. 3⃣The LRT stack contracts have been upgraded to the latest version and are undergoing continuous testing.
Check out the latest status update on StaFi $FIS & $rToken as of April 26, 2024. This update includes a summary of $FIS , details on the treasury $FIS , the amount of FIS being staked, #rToken supply, and TVL. 👉 For more information, visit:
🗒Note: $FIS is the native token of StaFi Chain. You can check the supply and distribution of FIS accounts on Subscan at https://t.co/P1d3F6zQ6s
🔥Technical Spell behind StaFi LSaaS's LSD Stack LSD Stacks of LSaaS are open for mainstream chains like #Ethereum, EVM-compatible chains, Cosmos. This simplifies the process of running staking projects, making it effortless for users. LSaaS on Testnet:
Diff. #LSD Stacks have diff. technical implementations due to the differences in the staking design of the original chain. But, there're some common elements. Usually an LSD Stack includes 3 key elements: 1️⃣Smart Contracts Framework 2️⃣Off-chain Relay Service 3️⃣User Interface App
⚠️ Temporary Suspension of rBNB-Related Functions Hey stakers, please note that starting from May 6th, all $rBNB-related functionalities on the StaFi #rToken App will be temporarily suspended due to the $BNB Chain Fusion to $BNB Smart Chain.
Your assets remain fully SAFU during the entire migration process, and all $BNB-related functionalities will be re-enabled once the migration is completed. The whole process will last for about 2 weeks, stay tuned for more updates!
StaFi 2.0 Progress Update (Apr 15 - Apr 19) 1⃣Several issues within the $BNB stack have been resolved, and technical testing for its front-end functions of is now complete. Additionally, we are currently exploring the logic related to $rBNB migration.
2⃣Several issues with the #LRT stack contracts have been resolved. Furthermore, certain optimization plans have been confirmed and are currently being adjusted.
📢StaFi LRT Stack Technical Key Points StaFi LRT Stack is a simple, scalable and open-source development stack that powers @eigenlayer LRT providers. Developers can easily launch an LRT based on this stack.
✅Smart Contracts 1⃣LrdToken: an ERC-20 compatible derived token. Users receive this token as a receipt for staking #LST, and it will be burnt after unstaking. 2⃣StakePool: do delegation stuff with #EigenLayer and bind it to the chosen operator. https://t.co/zUkP8TyNW3
StaFi 2.0 Progress Update (Apr 8 - Apr 12) 1️⃣The development of the #LRT stack is about to be finished and is under testing. 2⃣The development of the $BNB stack contracts is in progress, with some initial functions already being tested.
🚀 StaFi $FIS & $rToken Status Update: As of April 11, 2024 This update includes a summary of $FIS , details on the treasury $FIS , the amount of FIS being staked, #rToken supply, and TVL. 👉 For more information, visit:
🗒️Note: FIS is the native token of StaFi Chain. You can check the supply and distribution of FIS accounts on Subscan at https://t.co/P1d3F6zQ6s
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