StaFi will deploy a liquidity staking-as-a-service testnet, and the mainnet is scheduled to go online in Q3
According to DeepChao TechFlow, liquidity staking protocol StaFi will deploy its Liquidity Staking as a Service (LSAAS) testnet before its rebranding and StaFi 2.0 mainnet release. StaFi will launch its liquidity re-pledge token on the testnet in Q2 this year, and the mainnet is scheduled to go online in the third quarter of 2024. At the same time, StaFi is looking to provide LSD solutions for BTC.
It is reported that Liquid Staking as a Service refers to a blockchain platform that provides liquidity by minting new tokens representing basic pledged assets. This new token can be used and traded within DeFi protocols to earn additional income or rewards.
StaFi was originally developed through a Polkadot grant, and this latest rebrand will see the protocol break away from the Polkadot ecosystem and position itself as a liquid staking derivatives infrastructure platform compatible with multiple blockchain networks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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