Rebranding and $FIS burning coming 🔥

According to Foresight News, liquidity staking protocol StaFi has released an upgrade and rebranding plan called 'StaFi 2.0'. In terms of positioning, StaFi will transition from a multi-chain LSD protocol to an LSD Infra Layer, with a corresponding brand upgrade. In token economics, FIS will introduce a burning mechanism and add new utilities. In terms of security, it will support contract layer security on top of existing chain security, including support for multiple virtual machines such as EVM and WASM and frameworks.

StaFi stated that the rebranding will be carried out in phases, with the first phase starting in the first quarter of 2024. Its native token FIS will be renamed, and the new name will be announced later.