StaFiHub is a cross-chain staking derivatives platform on the Cosmos ecosystem. It is built using the Cosmos-SDK and aims to provide liquid staking solutions for assets through the Inter-Blockchain Communication (IBC) Protocol to rapidly grow the staking industry. It has the following features:
[1] The chain function will be based on the Cosmos SDK that is similar to that of TerraChain, Osmosis Chain, and Sifchain. However, the validator system will not be open when the mainnet is launched and will be nominated by the StaFi Foundation.
[2] It will be an application chain serving the Cosmos Eco Staking Derivatives.
[3] The IBC cross-chain protocol will be supported. The token assets of the Cosmos ecosystem can be cross-chained to StaFiHub through the IBC protocol, and the rToken assets on the StaFiHub can all circulate in the Cosmos ecosystem through the IBC protocol.
[4] Cosmos ECO tokens can directly mint out StaFiHub-based staking derivatives using the Keplr wallet and the corresponding PoS Token.
[5] The StaFi team will build a cross-chain bridge between StaFi Chain and StaFiHub to support the exchange of rTokens between the two chains.
[6] General Liquid Staking Solutions for Cosmos SDK Projects will be opened to the community to encourage the Cosmos ECO community to develop staking derivatives. Based on StaFiHub, the circulation process of Cosmos Eco's rToken in "Mint-Trade-Redeem" will be greatly improved. Let's take rATOM as an example, as shown in the figure below:
Benefits of StaFiHub
[1] Quickly and efficiently serve all Cosmos ecosystems and provide them with Liquid Staking solution.
[2] Promote adoption with a more friendly user experience for Cosmos ecological users.
[3] Enrich the ecosystem of StaFi's rToken.
StaFiHub's tokens
There are two tokens in StaFiHub, FIS and rToken. Both these tokens are ICS20 compatible and may be transferred to other Cosmos ecosystems through the IBC.
FIS - the native token of StaFi Protocol and the native token of StaFiHub, its main function is staking, preventing system abuse, on-chain governance and value capture.
rToken (reward-Token) - a general term for a series of staking derivatives. The existing rTokens in StaFi Chain include rETH, rATOM, rSOL, etc. They provide staking derivatives for their respective target chains and they are an important way to capture value for FIS.
StaFiHub x Forbole
Forbole is one of the StaFiHub's genesis validators and a professional staking service provider. Before the two parties reached cooperation, Forbole had running nodes for some leading projects like Cosmos Hub, Solana, Osmosis. StaFHub is an important exploration for the StaFi team in Cosmos Ecosystem. Security is the fundamental of the StaFiHub network. The professional node management experience from Forbole will bring higher security for StaFiHub mainnet. We will support StaFiHub in securing the chain and raise awareness to our community about the liquid staking solutions provided. We are also exploring the possibility to bring the open-source interchain block explorer Big Dipper to StaFiHub. Big Dipper has gained popularity among users and has been forked over 180 times.
Where to find Forbole: Telegram | Twitter | Website | GitHub