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Rank #700
Stafi Price (FIS)
Stafi (FIS)
$0.320313 1.9%
0.00001667 BTC 1.7%
0.05094686 DOT 0.8%
10,511 people like this
$0.312956
24H Range
$0.340027
Market Cap $18,030,403
24 Hour Trading Vol $5,446,284
Fully Diluted Valuation $36,509,664
Total Value Locked (TVL) $22,678,747
Fully Diluted Valuation / TVL Ratio 1.61
Market Cap / TVL Ratio 0.8
Circulating Supply 56,340,000
Total Supply 114,082,560
Max Supply 114,082,560
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Stafi Price Chart (FIS/USD)

Last updated 12:39PM UTC. Currency in USD.
Need more data? Explore our API
1h
24h
7d
14d
30d
1y
0.5%
1.9%
0.7%
-0.9%
-2.1%
-79.2%

Convert FIS to USD

FIS
USD
USD

1 FIS = $0.320313

FIS Price Statistics

Stafi Price Today
Stafi Price $0.320314
24h Low / 24h High $0.312956 / $0.340027
7d Low / 7d High $0.306564 / $0.360331
Trading Volume $5,447,175
Market Cap Rank #700
Market Cap $18,030,403
Market Cap Dominance 0.002%
Volume / Market Cap 0.3018
All-Time High $4.70 -93.2%
Mar 19, 2021 (over 1 year)
All-Time Low $0.176583 80.9%
May 12, 2022 (5 months)

FIS Price Today

Stafi price today is $0.320313 with a 24-hour trading volume of $5,446,284. FIS price is up 1.9% in the last 24 hours. It has a circulating supply of 56 Million FIS coins and a total supply of 114 Million. If you are looking to buy or sell Stafi, Binance is currently the most active exchange.

What was the highest price for Stafi?

Stafi hit an all time high of $4.70 on Mar 19, 2021 (over 1 year).

What was the lowest price for Stafi?

Stafi had an all time low of $0.176583 on May 12, 2022 (5 months).

What was the 24 hour trading volume of Stafi?

The 24 hour trading volume of Stafi is $5,446,284.

Where can Stafi be traded?

You can trade Stafi on Binance, Bitrue, and WhiteBIT. Popular trading pairs for Stafi in the market includes FIS/USD, FIS/CAD, FIS/AUD, FIS/GBP, FIS/INR, and FIS/PHP.

What is StaFi (FIS)?

FIS is the governance token for the StaFi protocol. Other than that, FIS secures the StaFi ecosystem through staking. FIS is also used to cover transaction fees on the protocol and to mint rTokens. 

What is StaFi Protocol?

StaFi, short for Staking Finance, is the first DeFi protocol that unlocks liquidity of staked assets. Users can stake their PoS (Proof-of-Stake) tokens and receive equivalent amounts of rTokens (reward tokens). Users can trade these rTokens on decentralized exchanges, on top of earning staking rewards.

What is Proof-of-Stake?

There are two consensus mechanisms, Proof-of-Work (PoW) and Proof-of-Stake (PoS). 

Proof-of-Work is an algorithm that rewards the first person that solves a computational problem (i.e. mining) to achieve distributed consensus. Miners compete to solve challenging cryptographic puzzles to add the next block on the blockchain. 

On the other hand, Proof-of-Stake is designed to address the massive energy consumption in PoW. The PoS consensus algorithm elects block validators to sign blocks based on the percentage of tokens staked.

Bitcoin has adopted PoW while projects such as Tezos, NEO, Cardano, and recently Ethereum 2.0 have adopted PoS. 

How does StaFi Work? 

StaFi is made up of three layers: the bottom, contract, and application layer. 

The bottom layer is predominantly built with Substrate’s blockchain framework. The Substrate framework encompasses component technologies such as P2P networks, consensus algorithms, and staking functions. 

The contract layer allows for the creation of staking contracts for various assets such as Tezos, Cosmos, and Polkadot. Like usual staking protocols, stakers of these tokens will be rewarded with incentives on staking. However, StaFi unlocks liquidity by minting an equivalent amount of rTokens associated with the tokens initially staked. 

The third and last layer, the application layer, supports third-party StaFi-based APIs or customized APIs to create a decentralized bonded asset trading market for rTokens to circulate, transfer, and trade on the StaFi Protocol.

The StaFi protocol is decentralized and is connected to Polkadot as a parallel chain. In other words, StaFi shares Polkadot’s underlying consensus. Polkadot also ensures the main security and performance of the whole system. 

What are rTokens?

rTokens (reward-tokens) empowers liquidity. For example, stakers of PoS tokens such as ADA and XTZ will receive rADA and rXTZ in a 1:1 ratio. Holders of rADA and rXTZ can then trade these rTokens, or lend these on other DeFi platforms.

Some use cases of rTokens include:



  1. Staking rewards distribution - rToken holders receive the staking rewards 1:1 to the original token.




  2. Trading - rTokens can be traded on StaFi and other exchange.




  3. Lending - rTokens can be used as collateral on lending platforms to borrow ETH or USDT.




  4. Derivatives - StaFi aims to allow rTokens to be used on derivatives protocols such as Opyn or Hegic. This will open up the options market for users to hedge against price fluctuations.




  5. Insurance - StaFi will explore insurance services for rTokens original validators to insure against the slashing loss




  6. Redemption of the Staking Token - only rToken holders can unlock the original token



 

How many rTokens are supported on StaFi? 

StaFi currently supports two products, rETH and rFIS. 

StaFi is planning to support more PoS tokens in its protocol, with rDOT, rKSM, rXTZ, and rATOM coming soon. 

How to access these products?

For rETH, users would require a Metamask wallet as rETH is on the Ethereum blockchain. 

For rFIS, users would need to install the Polkadotjs extension to stake FIS.

How to obtain FIS tokens?

You may purchase FIS from exchanges such as Uniswap and Huobi.

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