WrapFi Integrates with StaFi to Explore on Interest-Bearing Tokens.
This partnership aims at providing solutions to the following scenarios:
- Joint Exploration in Interest-bearing Tokens (IBTs) DEX: In this area, WrapFi will cooperate with the StaFi Protocol to explore more on how to build and innovate the best most friendly Dex for the Interest-bearing Tokens (IBTs). These IBTs would help in providing better means in studying the price discovery mechanism of the current DEX and real exchange rate on the original chain.
- rTokens Integration in WrapFi: WrapFi is built for trading IBTs, and StaFi now has issued 5 IBTs(rETH, rFIS, rKSM, rDOT, rATOM), which cover the main PoS communities. WrapFi will integrate StaFi’s rTokens as the first batch of IBTs on WrapFi.
WrapFi will leverage both sides’ expertise and experiences to make WrapFi Design perfect for IBTs and also accept advice from the StaFi team on how the strategic development can be built on the WrapFi ecosystem.
Read more here: https://wrapped-finance.medium.com/wrapfi-integrates-with-stafi-to-explore-on-interest-bearing-tokens-8f26ceea20b3
About StaFi Protocol
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. FIS is the native token on StaFi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the StaFi chain, and mint & redeem rTokens.
For More Information about StaFi Protocol:
Website: https://www.stafi.io/
Telegram Group: https://t.me/stafi_protocol
Twitter: https://twitter.com/Stafi_Protocol
Discord: https://discord.com/invite/jB77etn
Medium: https://medium.com/stafi
About WrapFi
WrapFi is the first specialized DEX for Interest-Bearing Tokens(IBTs) powered by the TMM algorithm. Price discovery of IBTs on the current AMMs or PMMs does not work well, and there always exists a huge gap between the trading price on DEX and the real exchange rate. WrapFi creates an innovative Tracking Market Maker (TMM) algorithm to provide the most stable price and sufficient liquidity for IBTs.
For more information about WrapFi:
Website: https://wrapfi.io/
Medium:https://medium.com/@wrapped-finance
Twitter:https://twitter.com/Wrapped_Finance
Telegram Chat: https://t.me/wrapped_finance
