StaFi DAO Monthly Report - August 2023

Throughout the month of August, StaFi DAO supported more DiFi liquidity events as well as community events. At the same time, we also made some achievements in standardization, documentation, and process clarification across the DAO. It’s great to see that we can welcome September with more determination.

DAO Treasury

Protocol Revenue

StaFi charges a commission ranging from 5% to 10% from different LSD, and an additional redemption fee may apply. These fees will be sent to the treasury pool as protocol revenue.

The following table shows the revenue of StaFi Protocol since June 2023 for each month. You can get more detailed data on StaFi’s data analysis page.

ETH MATIC BNB ATOM IRIS HUAHUA SWTH FIS DOT KSM
2023.06 2.34 271.54 0.55 56.95 12,844.78 3,222,714.00 15,491.22 22,650.01 31.68 0.35
2023.07 3.29 192.34 0.02 56.95 12,887.17 2,369,268.00 13,260.89 22,862.46 16.43 0.28
2023.08 1.60 420.73 0.26 57.96 13,181.47 2,309,995.00 14,564.12 22,792.10 27.44 0.27

DeFi Liquidity Incentives

During the month of August, we provided a total of 155,723 FIS in liquidity incentives to three trading pairs, rMATIC/MATIC, rBNB/BNB and rETH/ETH on various platforms such as Quickswap, Wombat, Thena, Velodrome, Curve, Aura and Kyber.

DeFi Protocol Chain Token/Pairs Platform type Reward-FIS
2023/08 Quickswap Polygon rMATIC/MATIC DEX 10,000.00
2023/08 Wombat BSC rBNB/BNB DEX 4,000.00
2023/08 Thena BSC rBNB/BNB DEX 5,600.00
2023/08 Velodrome Optimism rETH/ETH DEX 2,000.00
2023/08 Curve Ethereum rETH/ETH DEX 36,523.00
2023/08 Aura Ethereum rETH/ETH DEX 60,000.00
2023/08 Kyber ETH rMATIC/MATIC DEX 35,600.00

Community Incentives

A healthy DAO can not be separated from long-term and effective community incentives. StaFi DAO community incentives are ongoing, and we are also exploring more incentives that can bring vitality to the community. Compared to last month, the community incentives for August have increased slightly, mainly for product testing. In the month of August, a total of 23176.52 FIS was awarded to ambassadors, administrators, Rangers and so on.

Category Member Reward-FIS
2023.08 Ambassador 4 2006.96
2023.08 Moderator 6 18,452.17
2023.08 Rangers 14 1,500.00
2023.08 Product Testing - 1043.48
2023.08 rBNB Bug Bounty 2 173.91

DAO Progress

DAO related matters are on track this month and the governance framework for the StaFi DAO is taking shape. Here are the relevant details:

  • The [Discussion Draft] Governance Framework, in which mainly introducing SIP and how the budget flow work in the future, is posted on the forum now.
  • The proposal website is live, you will find all the StaFi proposals there with proposal metas like the discussion link, the vote link, the IPFS hash link (as the proposal will be uploaded to IPFS), the status, etc…
  • The off-chain voting tool research has been completed and some time in the future, the StaFi off-chain voting will happen here.
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