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Stafi
About Stafi
FIS is StaFi's native token powering rapid, secure transactions. Like DOT to Polkadot, FIS prevents abuse and maintains ecosystem value. It's vital across StaFi: validators stake for network access, nominators earn with FIS, transactions require FIS for resource access, preventing abuse. FIS holders shape StaFi via governance, engage in value creation through rTokens. Co-founders Liam Young and Tore Zhang envision cross-chain DeFi ease via secure rTokens. FIS on Polkadot Substrate excels in cross-chain, linking Ethereum, StaFi Hub, and more.
FIS is the native cryptocurrency token of StaFi, a specialized blockchain platform designed to facilitate quick and secure transactions. Similar to how DOT is integral to Polkadot, FIS serves as the cornerstone for StaFi, fulfilling key roles in maintaining system integrity and value capture within the StaFi ecosystem.
FIS is instrumental in numerous capacities within StaFi. First, validators in the StaFi consensus network are obligated to stake FIS to actively participate in the network. Nominators, on the other hand, require FIS to nominate validators and earn rewards. In addition, FIS is the transaction fee currency, utilized to access computational resources. This not only helps eliminate invalid transactions but also curbs system abuse. Beyond that, FIS holders have governance influence, contributing to the project's direction and participating in value generation through rToken solutions.