แดสแดแดแด๊ฑแดส ๊ฐแดส ษดแดแดก สแดแดแดแดษด สษช๊ฑแดษชษดษข: สแดสแดส แดษด สสแดแดษดแดสแดแดแด ๊ฑแดแด๊ฑแดษด 3
INTRODUCTION
As the DeFi ecosystem continues to evolve, the integration of reliable market data with innovative staking solutions is paramount. This proposal introduces rPYTH, a new rToken designed to unlock the full potential of PYTH token staking through StaFiโs liquid staking framework, LSaaS, within the rLaunchpad Season
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐ฃ๐ฌ๐ง๐?
PYTH provides secure, low-latency market data sourced directly from institutional participants, making it a trusted oracle solution for building mission-critical smart contracts. It delivers real-time market data across various asset classes, including crypto, equities, FX, and commodities, to over 80 blockchains.
๐๐ฎ๐๐ฎ ๐๐ผ๐ป๐๐ฟ๐ถ๐ฏ๐๐๐ผ๐ฟ๐:: 120+ prominent market players like Jane Street, CBOE, Binance, OKX, and Bybit.
๐ฃ๐๐ฟ๐ฝ๐ผ๐๐ฒ: Empower developers to create high-fidelity applications backed by reliable oracle feeds.
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐ฟ๐ฃ๐ฌ๐ง๐ ๐ฎ๐ป๐ฑ ๐๐๐ ๐จ๐๐ฒ ๐๐ฎ๐๐ฒ๐?
rPYTH is a liquid staking derivative (LSD) designed for PYTH token holders, developed using StaFiโs robust LSaaS framework. Its features include:
๐ฆ๐ฒ๐ฎ๐บ๐น๐ฒ๐๐ ๐ฆ๐๐ฎ๐ธ๐ถ๐ป๐ด: Users can stake PYTH tokens without capacity restrictions through the StaFi Protocol.
๐ข๐ฝ๐๐ถ๐บ๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐ธ๐ถ๐ป๐ด ๐ฌ๐ถ๐ฒ๐น๐ฑ๐: StaFiโs staking contracts autonomously allocate staked PYTH to the most efficient sequencers to maximize yield
๐ฅ๐ฒ๐ฏ๐ฎ๐๐ฒ๐ฎ๐ฏ๐น๐ฒ ๐ง๐ผ๐ธ๐ฒ๐ป: Stakers receive rPYTH, a rebaseable token equivalent to their staked PYTH value. rPYTH can be traded freely or used to provide liquidity on decentralized exchanges (DEXs).
๐๐ฑ๐ฑ๐ถ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฌ๐ถ๐ฒ๐น๐ฑ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ถ๐ฒ๐:
By providing liquidity, users can earn additional rewards and stake them on PYTHโs ecosystem with reputable DEX partners.
๐ฃ๐๐๐ต-๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฃ๐ฟ๐ถ๐ผ๐ฟ๐ถ๐๐ถ๐๐ฎ๐๐ถ๐ผ๐ป:
StaFiโs LSaaS framework will prioritize Oracle Integrity Staking for PYTH tokens over governance staking. This ensures that data reliability and network security remain at the forefront of the integration.
๐๐บ๐ฝ๐น๐ฒ๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
Both the PYTH LSD Stack and rPYTH developments will be realized under rLaunchpad Season 3, marking a significant milestone in StaFiโs liquid staking ecosystem.
๐ช๐ต๐ ๐๐ต๐ผ๐ผ๐๐ฒ ๐ฟ๐ฃ๐ฌ๐ง๐?
๐๐ณ๐ณ๐ถ๐ฐ๐ถ๐ฒ๐ป๐ฐ๐ ๐ฎ๐ป๐ฑ ๐ฆ๐ฐ๐ฎ๐น๐ฎ๐ฏ๐ถ๐น๐ถ๐๐: Unlock the full potential of PYTH tokens with minimal configuration, backed by StaFiโs proven LSaaS infrastructure.
๐๐น๐ฒ๐ ๐ถ๐ฏ๐ถ๐น๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐: rPYTH allows users to trade, stake, or provide liquidity, creating multiple avenues for earning additional yield.
๐๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐๐ฒ ๐ข๐ฟ๐ฎ๐ฐ๐น๐ฒ ๐ฆ๐๐ฎ๐ธ๐ถ๐ป๐ด: The integration of Oracle Integrity Staking ensures the reliability and integrity of the Pyth network while maximizing staking rewards.
๐๐ป๐ต๐ฎ๐ป๐ฐ๐ฒ๐ฑ ๐๐ฐ๐ผ๐๐๐๐๐ฒ๐บ ๐ฆ๐๐ป๐ฒ๐ฟ๐ด๐: Strengthen collaborations within the PYTH and broader DeFi ecosystems through liquidity partnerships and staking innovations.
By choosing rPYTH, token holders can seamlessly participate in liquid staking while contributing to the growth and security of the PYTH oracle network.