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Unlocking Liquidity of Staked Assets | StaFi, Liam Young
Manage episode 306761021 series 3000775
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Liam Young is the co-founder of StaFi Protocol, a decentralized protocol that unlocks the liquidity of staked tokens. StaFi allows users to stake PoS tokens, and receive reward tokens, or rTokens, in return. These rTokens are a synthetic representation of their staked balance and staking rewards, and can be traded on a variety of exchanges and used in DeFi protocols.
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How StaFi protocol was started and why it was built using the Polkadot ecosystem, what separates it from its competitors, as well as some potential risks for people considering using StaFi. They also discuss the future funding and outlook of the project, with an emphasis on building awareness in the community as to what exactly staking derivatives are and why they can be so valuable.
You can learn more about StaFi at https://stafi.io/
Subscribe to Bull Flag Group: www.bullflaggroup.com
*DISCLAIMER: The information provided is not legal, accounting, tax, or investment advice.
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