FIS Stafi Rank #2214 $0.0060 ▲ 1.69%

Stafi is a decentralized finance protocol built to address the lack of liquidity associated with staked proof-of-stake assets. Through the platform, users can deposit PoS tokens and receive equivalent rTokens in return, allowing them to trade or deploy those tokens elsewhere in DeFi while continuing to accrue staking rewards. This mechanism is designed to remove the traditional trade-off between securing a network and maintaining access to capital. FIS is the native token of the Stafi chain and serves several core functions within the ecosystem. It is used to secure the network through staking, to pay transaction fees, and to support the minting and redemption of rTokens. The protocol operates within the broader Ethereum and broader multi-chain DeFi landscape, and is also connected to ecosystems such as Osmosis and Sora, reflecting its cross-chain approach to liquid staking. As a liquid staking governance token, FIS plays a role in how the protocol is directed and maintained.