StaFi reduces commission fee for liquid pledge derivative agreement

03/02/2023 01:14 • Crypto & Markets • 66 views

It is reported that the liquid pledge derivative agreement StaFi has reduced the commission fee of its pledge derivative products from 19% to 10% to improve the product utilization rate. Of the 10% commission, 5% will be allocated to the verifier, and the other 5% will be allocated to StaFi DAO Treasury. The distribution of the remaining 90% of Ethereum rewards will be determined by evaluating the ratio of the verifier’s capital investment to the user’s capital investment.

LSD agreement StaFi reduced the commission fee of its pledge derivatives from 19% to 10%

Interpretation of the news:

StaFi, a decentralized finance (DeFi) platform, has announced a drastic reduction in the commission fee of its liquid pledge derivative agreement. The service fee has been decreased from 19% to 10%, in order to boost the utilization of the product on the StaFi platform. The fee reduction aims to make it more attractive to users and to attract more capital into the platform.

According to the new agreement, the 10% commission fee will be split between the verifier and StaFi DAO Treasury in a 5:5 ratio. The remaining 90% of Ethereum rewards will be allocated by percentage, based on the ratio of the verifier’s capital investment to the user’s capital investment.

The liquid pledge derivative agreement is a smart contract-based derivates solution that enables users to deposit their cryptocurrency assets into the platform in exchange for “rToken” (redeemable tokens), which users can use to perform transactions while still earning staking rewards. The commission fee is based on the amount of rTokens minted and should be paid by the user when they unstake their tokens.

The interest rate on rTokens is flexible and variable based on market demand, creating an incentive for users to keep their assets in the pool. By reducing the commission fee, StaFi is hoping to make the product more competitive with other platforms, such as Uniswap and Compound.

Reducing the commission fee to 10% is a significant reduction that could increase the utilization of the liquid pledge derivative agreement, making it more attractive to new investors. The split commission fees between the verifier and the treasury will help to secure the integrity of the platform and incentivize participation from stakeholders.

Overall, this move by StaFi shows that the DeFi ecosystem is evolving rapidly, with new developments and innovations being made every day. The reduction of the commission fee shows that the platform is committed to improving the user experience and becoming more competitive in the marketplace.

In conclusion, StaFi’s reduction of the commission fee is a bold move that is set to attract more users and encourage investment into the platform. The split of the fees between the verifier and the treasury is an excellent strategy to incentivize participation and ensure the security of the platform.

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StaFi reduces commission fee for liquid pledge derivative agreement

LSD agreement StaFi reduced the commission fee of its pledge derivatives from 19% to 10%

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