Reef Finance and Stafi Protocol are Working Together to Unlock the Liquidity of Staked Assets in DeFi Markets
Reef Finance is working together with Stafi Protocol in order to let investors simultaneously enjoy the DeFi yield opportunities along with the liquidity of their assets staked in DeFi applications
StaFi is the first DeFi protocol which unlocks liquidity of staked assets, by letting users stake PoS tokens through StaFi’s Staking Contracts and receive rTokens (reward-Token) in return. These rTokens are available for trading while still allowing the user to earn the original staking rewards.
With this partnership, Reef users will be able to use Stafi’s Staking Contracts to issue rREEF tokens for the assets that they have staked on Reef’s platform. These rREEF tokens will be liquid and tradable, while the original assets remain locked in their native blockchain network.
This will help Reef users to hedge against market volatility by making the staked assets liquid, while still earning the DeFi rewards that are available through Reef’s machine learning and AI powered DeFi Smart Yield Farming engine.
Stafi’s innovative structure will protect the ownership of the original user assets that have been staked. Users will have the flexibility of redeeming them from the blockchain anytime they want.
Speaking about the partnership, Reef Finance CEO Denko Mancheski said, “We are excited to offer Reef users the ability to make their staked assets liquid using Stafi within the Reef platform”.
“Integrating rToken into the first cross chain DeFi operating system will bring us more values in the crypto space” — Liam Young, CEO & Co Founder of Stafi Protocol
The partnership between Reef and Stafi will enhance the value proposition of Reef’s DeFi platform, and provide users with a much superior user experience. This is one of the many features that Reef Finance is providing in our commitment of providing a world-class DeFi platform to users and community members.
StaFi (short for Staking Finance) is the first DeFi protocol that unlocks the liquidity of staked assets. Through Stafi’s Staking Contracts, users can stake PoS tokens and receive rToken in return, which can be exchanged and traded on DEXs and CEXs in the near future, as well as integrated in other DeFi protocols.
Reef is the first cross-chain DeFi operating system built on Polkadot. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
For more information about Reef, or to join our team, please contact us at: firstname.lastname@example.org
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