The Liquid Staking Solution rATOM Proposed By StaFiHub

Overview Hi Cosmos community, StaFiHub is a fully fledged project based on the Cosmos SDK developed by StaFi protocol to provide Liquid Staking Derivative SDK solutions for Cosmos Ecosystem projects. We would like to propose a liquid staking solution called rATOM (rATOM Solution) for Cosmos’s native token $ATOM, based on StaFiHub’s Liquid Staking SDK. StaFi had previously developed the rATOM liquid staking solution on the StaFi chain which is built on Polkadot’s Substrate Infrastructure. At its peak, $7,000,000 worth of ATOM tokens were staked through the StaFi rATOM DApp in the past year. However, we have found that the rATOM solution on the StaFi chain presents some user limitations due to them being on separate ecosystems (cross chain between the StaFi chain and Cosmos Hub chain). Therefore, we propose to deploy the rATOM liquid staking solution on the StaFiHub chain, which is built on the Cosmos SDK, to serve the ATOM stakers with an improved UI/UX and low gas fees. StaFiHub’s rATOM establishes an edge over the pStake’s stkATOM as it: • Will be issued with extremely low gas fees for stakers on the StaFiHub chain; • Could be transferred with no gas fee through IBC…

Excerpt (1196 of 10025 characters). Read the whole post on the forum ↗