StaFi (FIS) is a token of the DeFi protocol, which is aimed at unlocking the liquidity of assets that are put on stake. The coin provides network security by placing bets, paying transaction fees on the StaFi network, minting and redeeming rTokens.

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📢Proposal To Integrate Interchain Security (ICS) on StaFiHub!

StaFiHub plans to leverage #Cosmos Hub's ICS v1, boosting security, scalability, and decentralization, enabling the expansion & growth of our LST on the Cosmos ecosystem.

✅Benefits
1️⃣Security: Shared model with Cosmos Hub enhances safety.
2️⃣Decentralization: Cosmos Hub validators add to StaFiHub consensus.
3️⃣Scalability: ICS equips StaFiHub for growing demands.
4️⃣Token Utility: ICS expected to boost $FIS token usecase.

✅Challenges
1️⃣Technical hurdles and extensive testing in ICS transition.
2️⃣Potential resistance from validators ceasing block production.
3️⃣Careful planning needed for switch to Cosmos validator set.
4️⃣Heavy reliance on Cosmos validator set.

Welcome to share your feedback on StaFi forum!

📗Read proposal: https://dao.stafi.io/t/draft-discussion-interchain-security-ics-on-stafihub-for-enhanced-security-decentralization-and-scalability/86/1#introduction-1
🔄Retweet: https://twitter.com/StaFiHub_/status/1668576560281186304

Proposal To Integrate Interchain Security (ICS) on StaFiHub.