StaFi Releases rMATIC Liquidity Solution for Polygon

StaFi has released the latest development of the rMATIC liquidity solution for all PoS projects on social platforms. The vision behind the same is to provide liquidity solutions for all sorts of PoS projects. It wants to ease out the staking to make it more flexible. 

For achieving the same, StaFi has announced 5 rToken including rFIS, rETH, rDOT, rATOM, rKSM, and other solutions. 

Presently, StaFi has roped in rMATIC to join the bandwagon to solve liquidity staking problems for the Polygon community. 

rMATIC Introduction 

rMATIC is a Decentralized Financial product that is produced by StaFi to solve the problem of liquidity and staked MATIC in Ethereum mainnet. 

rMATIC token will be a synthetic staking derivative when issued through the StaFi rMATIC product. rMATICs are anchored for rewards to the staked MATIC. The tokens can be transferred and traded at any time. 

The rMATIC product can solve two major issues of MATIC stakers: 

  1. There would be absolutely no requirement of waiting for 80 checkpoints to withdraw staked MATIC. Users will now have the liberty to transfer or trade rMATIC at any point in time for liquidity or resolving price risks. 
  2. There is no need to memorize the complex PoS consensus for the sake of collecting rewards. The rules for the same will now be simplified. With the product, the users will have to follow a few procedures for depositing MATIC into the rMATIC contract. This will select the most suitable validator for the delegation to maximize the profit strategy and everything would be automated. 

The product developed is likely to bring many changes in the mechanism. The associated users or, the ones who are planning to come on board, will have a better experience from now on. The community is anticipated to grow in the wake of this advancement.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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