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 Transitioning $rMATIC to StaFi's EVM LSD Architecture

In our ongoing commitment to enhancing the utility and security of rTokens, StaFi propose to transition $rMATIC from the StaFi Chain to our innovative EVM LSD Architecture.

Benefits of EVM LSD Architecture
1️⃣ Improved Usability: Streamlines the process of minting $rMATIC, reducing the need for multiple transactions and wallets.
2️⃣ Enhanced Security: Introduces improved contract interface and permissionless Relay service, open for any user to operate.

Specifications
1️⃣ New Staking Contracts: Facilitates $rMATIC liquid staking directly on Ethereum.
2️⃣ Permissionless rMATIC Relay: Ensures the transmission of accurate exchange rates.
3️⃣ System Staking Contract: Manages $MATIC staking requests on Ethereum.

📗Read more: https://dao.stafi.io/t/sip-4-a-new-liquid-staking-implementation-for-matic-using-the-evm-lsd-architecture/90

🔄Retweet: https://twitter.com/StaFi_Protocol/status/1675821785248309249

Proposal Transitioning $rMATIC to StaFi's EVM LSD Architecture.