StaFi

Name: StaFi
Brand: Cryptocurrency
SKU: FIS
Price: 0.24899491640000001102 GBP
Availability: InStock

FIS

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About StaFi

FIS is an Ethereum token that powers StaFi, a cross-chain protocol for trading staked assets as derivatives (also called “liquid staking”). Users can stake proof of stake assets via StaFi to receive “rTokens” (for example, staking 1 XTZ on StaFi might generate 1 rXTZ), which can be freely traded and redeemed for a corresponding amount of the locked and staked asset. FIS is used for staking and minting rTokens, and for paying transaction fees on the network.

Resources

StaFi, short for Staking Finance, is a decentralized protocol that aims to unlock the liquidity of staked assets in Proof-of-Stake (PoS) blockchains. It is the first multi-chain liquid staking protocol that seeks to resolve the conflict between token liquidity and mainnet security in PoS consensus. Users have the opportunity to stake their PoS tokens through StaFi and receive rTokens in return. These rTokens are synthetic staking derivatives that represent the staked tokens and their corresponding staking rewards. They can be transferred and traded at any time, providing users with liquidity while still allowing them to earn staking rewards. StaFi's protocol is overseen by a decentralized autonomous organization (DAO), with input from the community and core team.

StaFi operates through a staking pool protocol that manages user contributions, staking rewards, and withdrawals. Users stake their PoS tokens through staking contracts built in the StaFi protocol and receive rTokens in return. These rTokens, such as rETH, rMATIC, rATOM, rBNB, rSOL, etc., are tradable and can earn staking rewards from the original chain simultaneously. The staking entities, known as operators, manage an infrastructure for running validator clients. This infrastructure includes high-availability servers and redundant networks.

StaFi provides a solution to the liquidity problem in PoS staking. Users have the opportunity to stake their PoS tokens without locking their assets or maintaining infrastructure, while participating in on-chain activities. The rTokens issued by StaFi can be used for trading, borrowing, or lending on various platforms. This allows users to earn staking rewards on their tokens without having to lock them up, providing them with more flexibility. They can also be used to provide liquidity to DeFi protocols and to create staking derivatives. As a result, rTokens are a valuable tool for users who want to participate in the staking market.

StaFi was initially built on the Polkadot ecosystem using Substrate to construct the StaFi Chain, which provides staking through an appchain. Subsequently, StaFi Hub was developed to support staking in the COSMOS ecosystem. With the development of the EVM ecosystem, StaFi has launched a solution for EVM Compatible Chain. Currently, the StaFi Protocol supports multi-chain ecosystems such as Ethereum, Polygon, BSC, COSMOS, Solana, Polkadot, Kusama, etc.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£26.1M

Volume (24h)

£2.7M

Circulating supply

104.6M FIS

Typical hold time

3 days

Popularity

#633

All time high

£3.63

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.2%

Price change (1d)

+11.47%

Price change (1w)

+4.32%

Price change (2w)

+9.59%

Price change (1m)

+12.28%

Price change (1y)

+15.63%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about StaFi on social media

13 unique individuals are talking about StaFi and it is ranked #703 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, StaFi has an average sentiment score of 3.4 out of 5. Finally, StaFi is becoming more newsworthy, with 0 news articles published about StaFi. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about StaFi. There were 90.91% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about StaFi. 9.09% of tweets were neutral about StaFi. These sentiments are based on 33 tweets.

On Reddit, StaFi was mentioned in 0 Reddit posts and there were 0 comments about StaFi. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

13 people

Posts

49 posts

Dominance

Volume rank

#703

Average Sentiment

3.4 out of 5

Twitter

Tweet Count

33 people

Sentiment

90.91%

Bullish

9.09%

Neutral

Bearish

StaFi Calculator

How much is 1 FIS?

Conversion Table

FIS/USD (United States Dollar)

$0.33

FIS/CAD (Canadian Dollar)

CA$0.45

FIS/GBP (British Pound)

£0.25

FIS/JPY (Japanese Yen)

¥47.27

FIS/INR (Indian Rupee)

₹27.65

FIS/BRL (Real)

R$1.79

FIS/EUR (Euro)

€0.30

FIS/NGN (Nigerian Naira)

NGN 542.17

FIS/KRW (South Korean Won)

₩439.24

FIS/SGD (Singapore Dollar)

S$0.43

StaFi is on the rise this week.

The price of StaFi has increased by 0.20% in the last hour and increased by 11.47% in the past 24 hours. StaFi’s price has also risen by 4.32% in the past week. The current price is £0.25 per FIS with a 24-hour trading volume of £2.70M. Currently, StaFi is valued at 93.14% below its all time high of £3.63. This all-time high was the highest price paid for StaFi since its launch.

The current circulating supply of StaFi is 104,598,941 FIS which means that StaFi has as total market cap of 104,598,941.

FAQ

What is the current price of StaFi?

We update our StaFi to GBP currency in real-time. Get the live price of StaFi on Coinbase.

What is the market cap of StaFi?

The current market cap of StaFi is £26.09M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of StaFi?

The all-time high of StaFi is £3.63. This all-time high is highest price paid for StaFi since it was launched.

What is the 24 hour trading volume of StaFi?

Over the last 24 hours, the trading volume of StaFi is £2.70M.

What other assets are similar to StaFi?

Assets that have a similar market cap to StaFi include Propchain, Boson Protocol, Santos FC Fan Token, and many others. To see a full list, see our comparable market cap assets.

How many StaFi are there?

The current circulating supply of StaFi is 105 million.

What is the typical holding time of StaFi?

The median time that Coinbase customers hold StaFi before selling it or sending it to another account or address is 3 days.

What is the relative popularity of StaFi?

StaFi ranks 271 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of StaFi?

Currently, 33% of Coinbase users are buying StaFi. In other words, 33% of Coinbase customers have increased their net position in StaFi over the past 24 hours through trading.

Can I buy StaFi on Coinbase?

Yes, StaFi is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy StaFi guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.