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Stafi (FIS) is the 436th largest cryptocurrency in the world by market cap, valued at $45,694,799. The current price of Stafi is $0.4161, which is -5.881% lower than yesterday. Prices have ranged between $0.444092 and $0.429 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 07:02 UTC.
Stafi (a portmanteau of staking finance) is a decentralized finance protocol designed to unlock the liquidity of staked assets. By staking proof-of-stake cryptocurrency tokens through Stafi, users can acquire reward-Tokens (rTokens) in return.
These rTokens can then be traded or used as collateral elsewhere in other protocols, allowing users to access liquidity while still earning staking rewards. FIS is Stafi Chain’s native token. This utility token has a range of uses, including staking to provide network security, paying for transaction fees and for minting and redeeming rTokens. Check out the tokenomics of Stafi for more information on how the token is used. Stafi is also developing rBridge, which will allow users to exchange their FIS and rTokens for Ethereum ERC20 tokens.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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