February 2024 Budget Plan

February 2024 Budget Plan

Integration services Fee


Overview

With the smooth integration with CCIP and SSV DVT, StaFi’s security and decentralization have been enhanced. The integration of CCIP enables secure cross-chain transmission of rToken exchange rates, while SSV DVT enhances the security and decentralization of ETH staking.

In the meantime, there are some costs associated with using these services, which will be covered by StaFi DAO treasury.

Budget Plan

Year/Month Protocol Token Amount
2024/02 Chainlink CCIP LINK 100
2022/02 SSV Network SSV 180

This is an estimated value and the actual value may slightly vary depending on market fluctuations.

LP Incentive Fee


Overview

StaFi LSD offers trading liquidity for rTokens on DEXes, allowing users to easily swap between liquid staked tokens and unstaked tokens.

To further encourage liquidity provision, we propose allocating FIS tokens to liquidity pools. These incentives aim to attract more participants and enhance liquidity on DEXes. Improved liquidity will reduce slippage and enable seamless transactions, ultimately attracting more users to the protocol.

Budget Plan

Year/Month DeFi Protocol Network Token/Pairs Reward-FIS
2024/02 Thena BSC rBNB/BNB 7,500.00
2024/02 Quickswap Polygon rMATIC/MATIC 10,000.00
2024/02 Osmosis Cosmos rATOM/ATOM 30,000.00
2024/02 Curve Ethereum rETH/ETH 30,000.00
2024/02 Pancake BSC rBNB/BNB 25,000.00

This is an estimated value and the actual value may slightly vary depending on market fluctuations.

Note: due to the Gamma security incident, StaFi DAO has decided not to continue placing incentives to Beefy for the time being, as opposed to opening up incentives for rBNB/BNB on Pancake starting in February.

How to Get Involved

Mint rToken

rToken App

Guide

Add liquidity

Pools portal at StaFi: https://app.stafi.io/pool/all/