Stafi (FIS) Price

Info

Contract Address

ETH 0xef3a930e1ffffacd2fc13434ac81bd278b0ecc8d

BSC  0xf4bafaeae73a4a7c8b6479970075e91e641fb1fc

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About Stafi (FIS)

In StaFi, FIS serves several critical functions. Validators in the Stafi consensus network need to stake FIS to join, while nominators need FIS to nominate and earn rewards. Additionally, to prevent system abuse, initiators of transactions must pay FIS to access computing resources, ensuring that invalid transactions are eradicated.

FIS holders also have a say in the governance of the StaFi. They can participate in tinkering with protocol parameters, vote for protocol upgrades, and determine the development course of the platform. Moreover, FIS holders can capitalize on the value generated by rToken solutions.

StaFi charges a commission ranging from 5% to 10% from different rToken solutions, with additional redemption fees that may apply. These fees are sent to the treasury pool, and FIS holders have the right to decide how to utilize the rewards generated from rToken solutions. They can be distributed among FIS holders, remain in the Treasury, or be used for the buy-back-burn strategy.

All the parameters mentioned above can be voted and updated by the community. Governance proposals will be raised on StaFi Chain, and staked FIS and rFIS (backed by staked FIS) holders can gain voting power. They have the right to govern the direction of StaFi.