StaFi (FIS) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).
StaFi is a combined abbreviation of Staking Finance, it is a decentralised protocol built with the Substrate. The contract layer is composed of multiple staking contracts, and the application layer is mainly a trading platform of rTokens. StaFi protocol is the first decentralised protocol unlocking liquidity of Staked assets. It aims to solve the contradiction between mainnet security and token liquidity in PoS consensus protocols. FIS is the native token of StaFi Network. Token holders who stake through staking contracts built in StaFi protocol can get alternative rTokens which are tradable and can get staking rewards from the original chain at the same time.
Crypto.com App users can now purchase FIS at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.