Summary
This document presents a discussion proposal about deploying StaFiHub, an appchain of the StaFi Protocol, into Neutron. The aim is to enhance StaFi’s security model by transitioning from appchain-based to native security for its rToken products (such as rATOM and StaFi LSD). The integration with Neutron is expected to provide StaFiHub with robust security, drawing from the ICS security framework of CosmosHub via Neutron.
This strategic move is also anticipated to offer substantial benefits to Neutron, including the addition of a significant ecosystem player, an increase in Total Value Locked (TVL), and the adoption of liquid staking derivatives (LSD).
Details
For comprehensive details of this proposal, please refer to the StaFi Forum at StaFi Forum.
Feedback and insights from the community are highly valued as we explore this mutually beneficial collaboration and the potential synergies it may bring.
About StaFi
StaFi Protocol is a decentralized multichain liquid staking solution for Proof of Stake (PoS) blockchains. It addresses the conflict between the need for Mainnet security and the liquidity of PoS tokens. Users can stake their PoS tokens via StaFi rToken App and receive rTokens in return. These rTokens can be traded freely while users continue to earn staking rewards. The platform currently supports various liquid staking solutions, including rETH (StaFi Staked ETH), rMATIC, rBNB, rATOM, and others.