Rise of DeFi
The crypto space witnessed a chilly bear market in 2022, that in turn stimulated fiery action in the DeFi space. With traders afraid to get their fingers burnt, many resorted to finding other means of income that involved low risk and market exposure.
The Liquid Staking Boom
Liquid staking has been making waves across the ecosystem, with almost every Proof-of-Stake chain rising to the occasion. Liquid staking refers to the minting of a liquid staking derivative (LSD) that represents the liquid version of the underlying staked asset. It unlocks the liquidity of the staked asset to use for trading or other activities, while the underlying asset continues to earn its staking APY. This has become an extremely powerful derivative as it removes the opportunity cost of losing out on staking APYs.
Furthermore unlocking this liquidity has led to more action in this space suppressing the bearish movement. The Cosmos space in particular has grown ever since the boom of liquid staking. Being one of the smaller yet more powerful ecosystems, IBC tokens enjoy high staking APYs which makes users hesitate to unstake, well until now.
StaFiHub, the Liquid Staking Derivative Hub for Cosmos
StaFi is a liquid staked derivatives protocol launched in Q3 2020, with a focus on bringing liquidity to staked assets on Ethereum and other Proof of Stake chains such as Cosmos, Polygon, Solana, and Polkadot. Since launch, the protocol has accrued over $36,000,000 worth of staked assets across 11 tokens, with 3,439 active validators.
StaFiHub is a Cosmos SDK built chain powered by StaFi to provide the solution for liquid staking in the Cosmos Ecosystem, with motivations to rapidly grow the staking industry. The protocol currently provides minting of Cosmos Eco LSDs such as rATOM, rSWTH (live in about 2~3 weeks) , rIRIS, rHUAHUA, etc.
Partnership with Demex, Cosmos’ First CLOB DEX
Demex is partnering up with StaFiHub to launch rATOM/rHUAHUA/rIRIS on the DEX! In the first stage, the rATOM will be integrated. The rATOM/ATOM market is created to trade the LSD for its underlying token with minimal slippage. This minimal slippage is ensured as the market is linked to the liquidity pool of rATOM/ATOM on rDEX.
You can also earn some juicy APYs by committing liquidity to the liquidity pool to earn 4x block rewards.
Acquire rATOM: https://app.stafihub.io/rToken/rATOM/stake
Commit liquidity on Demex: https://app.dem.exchange/pools
Partnership with Nitron, The Permissionless Cross-chain Money Market
Nitron money market by Demex is currently the most extensive cross-chain money market in Cosmos. We recently launched LSDs of $ATOM and $OSMO that were very highly demanded for DeFi play, which pushed Nitron to cross millions in TVL within a few days of launch. The synergy between money markets and LSDs has proven to be unmatched for real yield.
StaFiHub will allocate 10,000 $FIS tokens to the lend pool each week! The incentives will last for 4 weeks, and will end on 9 March 2023.
Of course, there is no better time to launch rHUAHUA/rIRIS lend and borrow pools on Nitron!
Lend on Nitron: https://app.dem.exchange/nitron
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.
Demex (or Decentralized Mercantile Exchange) is the cross-chain derivatives DEX powered by Carbon, and is designed to support any type of financial asset imaginable. Demex aims to make finance accessible and trust-optional while providing an intuitive and familiar user experience.
Demex is fully permissionless, allowing any user to list new markets, tokens, and participate in DeFi, giving control back to users for a truly decentralized experience.
For more information: