“Introducing the New Liquid Collateralized Derivative Solution by StaFi”

04/07/2023 11:57 • Blockchain Briefs • 79 views

On April 7th, the DeFi protocol StaFi launched a proposal in the community to launch a new liquid collateralized derivative (LSD) solution for EVM compatible chains. rToken will be directly issued on the target chain to enhance its security and composability. In the new EVM LSD scheme, rToken Relay will be directly deployed to the target contract layer, enabling it to perform operations directly. The main feature of this scheme is that rTokens will be directly issued on the target chain, and users do not need to cross chain communication when obtaining rTokens. Moreover, given the same token standard, rTokens can be easily integrated into DeFi on the target chain.

StaFi Launches New Liquidity Collateral Derivatives Solution for EVM Compatible Chain

Outline:

1. Introduction – definition of DeFi protocols and their significance
2. Overview of StaFi – its core values and products
3. Explanation of Liquid Collateralized Derivative (LSD) solution
4. Features of the new EVM LSD scheme
5. Importance of rToken Relay for the EVM compatible chains
6. Applications of rTokens in the DeFi ecosystem
7. Conclusion – how StaFi’s innovative solution can benefit the DeFi community
8. FAQs

Article:

If you’re familiar with the world of DeFi protocols, you may have heard of StaFi – a platform dedicated to providing a secure and scalable infrastructure for decentralized finance applications. On April 7th, the StaFi community was abuzz with excitement as the platform launched a proposal for a new liquid collateralized derivative (LSD) solution for EVM compatible chains.
For those not familiar with the term, DeFi protocols are designed to provide financial services without the need for intermediaries such as banks. DeFi has grown significantly over the past year, with total value locked in these protocols surpassing $50 billion in early 2021.
StaFi is a prime example of a platform looking to capitalize on this trend. With its focus on scalability and security, StaFi has managed to attract a growing community of users and developers. The platform’s products include rTokens (collateralized derivatives), sTokens (synthetic assets), and dTokens (wrapped NFTs).
Liquid Collateralized Derivatives, or LSDs, are financial instruments that allow investors to acquire exposure to underlying assets without owning them directly. They offer several advantages, including increased liquidity and reduced counterparty risk.
StaFi’s new EVM LSD scheme builds on these advantages by introducing rToken Relay – a technology that allows for direct deployment of rTokens to the target contract layer. This means that users can obtain rTokens directly on the target chain without the need for cross-chain communication. Additionally, rTokens can be easily integrated into DeFi on the target chain.
The benefits of the new LSD solution are numerous. First, it enhances the security and composability of EVM compatible chains. Second, it eliminates the need for cross-chain communication and therefore simplifies the process of obtaining rTokens. Finally, it promotes the integration of rTokens into the wider DeFi ecosystem.
With the rToken Relay, the EVM compatible chains will be able to perform on-chain operations directly. Users can also use rTokens as collateral for creating new assets, earning interest, or trading on different platforms. The possibilities are vast.
In conclusion, StaFi’s new liquid collateralized derivative solution is a significant step towards enhancing the security and composability of EVM compatible chains. By introducing the rToken Relay technology, the platform has made it easier for users to obtain rTokens and use them in a variety of DeFi applications. As the DeFi ecosystem continues to grow, platforms like StaFi will play a crucial role in providing the necessary infrastructure.

FAQs:

Q1. How does the new EVM LSD solution differ from traditional derivatives?
A1. The new EVM LSD scheme is a type of liquid collateralized derivative that allows investors to acquire exposure to underlying assets without owning them directly. It eliminates the need for cross-chain communication and simplifies the process of obtaining rTokens.
Q2. How can users integrate rTokens into the wider DeFi ecosystem?
A2. Users can use rTokens as collateral for creating new assets, earning interest, or trading on different platforms. The possibilities are vast.
Q3. How does the rToken Relay enhance the security and composability of EVM compatible chains?
A3. The rToken Relay technology enables rTokens to be directly deployed to the target contract layer, allowing for on-chain operations to be performed directly. It also eliminates the need for cross-chain communication.

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