RockX Announces Partnership with StaFi Protocol
RockX is excited to announce that it has been elected as one of the institutional validators for StaFi network. The partnership between RockX and StaFi will bring a brand new staking experience with rTokens (rETH, rDOT, rKSM and others) which allows staked assets to be freely traded.
StaFi provides flexibility and liberty to staked assets
Staked assets are locked up in customers’ wallets and usually subject to an unbounding period when customers decide to unstake. This leaves customers’ tokens exposed to market volatility when they decide to unstake. Hence sometimes it keeps potential customers away from staking their tokens on a validator. To resolve this issue, StaFi team has developed the rTokens to allow customers to hold rTokens as ownership proof of the underlying staked assets. By trading rTokens, customers can acquire or sell their staked assets at ease.
RockX provides reliable validating services for StaFi network and rTokens
RockX has joined the StaFi network as Original Validitors for the StaFi network and rTokens including rETH, rDOT, rKSM, rATOM and other networks to be supported. This will ensure all the staked tokens are managed by secure and reliable validators to minimize slashing risk. rToken holders can be assured that their staked tokens are under good hands such as RockX.
RockX validator address on StaFi: 32tFx4aGi7EESm5EK51diRFeyuUHtEJFjD1kiZfGYq7vz2S3
RockX customers will enjoy flexible ETH2.0 staking with rETH (coming soon)
Currently, ETH2.0 is the most exciting staking opportunity in the crypto space. However, it requires one single user to stake 32 ETH on a non-custodian validator and no unstaking is possible until new features are added onto ETH2.0 in a year or so.
While assisting clients setting up ETH2.0 nodes, RockX is constantly searching for solutions to allow users to stake any amount of ETH, and also to redeem anytime. RockX sees rETH as the last piece to this puzzle, in making the seamless experience work for customers. With rETH, customers only will need to stake any amount and receive an equivalent amount of rETH. rETH will accumulate staking yield from ETH2.0, and it can be traded on Curve almost 1:1 with ETH.
RockX and StaFi will further collaborate to expand the liquid staking system
Under this partnership, RockX will work closely with StaFi to explore how to improve the security and stability of all Original Validators, thus enhancing the robustness of the whole rToken ecosystem.
On community building in the future, StaFi and RockX will organize events such as Hackathon and also work research reports to support the liquid staking ecosystem.
StaFi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App. rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
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