StaFi is a DeFi protocol that allows users to unlock the liquidity of their staked assets. In short, users that stake PoS tokens through StaFi will receive equal amounts of rTokens in return. For example, an rAtom token will represent the user’s staked Atom tokens. This way, users can keep earning rewards on their PoS tokens while accessing equivalent liquidity through trading rTokens. When a user wishes to unlock their staked tokens, they can trade in their corresponding rTokens.
FIS is the native token to the StaFi Chain. It’s used to secure the network through staking, pay for transaction fees, and mint and redeem rTokens.