EigenLayer

StaFi

Liquid Staking Derivatives

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<h4>StaFi is introducing LRT to upgrade its Liquid Staking as a Service (LSaaS) stack. </h4> 
The recent upgrade is a move towards providing liquid staking solutions in this platform. Read on to explore LSaaS’s recent upgrade. 
<h5>Enhancing LSaaS: StaFi Integrates LRT for Advanced Staking</h5> 
<a href="https://www.stafi.io/" target="_blank" rel="noopener">StaFi</a> unlocks the liquidity of staked assets in the <a href="https://www.investopedia.com/terms/p/proof-stake-pos.asp" target="_blank" rel="noopener">Proof-of-Stake</a> blockchains. StaFi recently announced an improvement to StaFi by integrating <a href="https://www.securities.io/what-are-liquid-restaking-tokens-lrts/" target="_blank" rel="noopener">LRT</a> within <a href="https://www.stafi.io/lsaas/" target="_blank" rel="noopener">LSaaS</a>. This integration aligns with <a href="https://mirror.xyz/0xBABf7e6b5bcE0BD749FD3C527374bEf8919cC7A9/bNtJk4LKO8DPW9so57eyLlltDdR8hkBe9jTrZNUv5UM" target="_blank" rel="noopener">StaFi 2.0</a> growth plans, which is upgrading the LSaaS stack. 
Liam Young, StaFi’s founder, said, “The integration of LRT into StaFi’s LSaaS is a turning point for developers.” He continues, ‘They can now create secure restaking products interacting with many chains.’ 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 1⃣LSaaS Adoption Marketing Budget StaFi DAO proposes to offer a budget worth $100,000 in May. DeFi liquidity incentive will not be listed separately thereafter, instead it will be part of the LSaaS adoption marketing spend. 
 More details will be provided in upcoming reports. 
 8/ 
 — StaFi Protocol (@StaFi_Protocol) <a href="https://twitter.com/StaFi_Protocol/status/1789245670035255323?ref_src=twsrc%5Etfw">May 11, 2024</a>
</blockquote> 
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LRT stands out with its suite of unique functions. These functions include unrestake/restake/withdraw, burn/mint LRT, and managing <a href="https://www.altcoinbuzz.io/?s=restaking" target="_blank" rel="noopener">restaking</a> pools. An extra function is delegating restaking operators. These functions inspire developers to build solutions that leverage <a href="https://chain.link/education-hub/liquid-staking" target="_blank" rel="noopener">liquid staking</a>. Before now, the LSaaS Stack App supported EigenLayer LRT, Karaoke, and BounceBit LRT. There are plans to support BTC LRT.&nbsp; 
<h5>More About StaFi</h5> 
Also, LSaaS’s support for <a href="https://www.eigenlayer.xyz/" target="_blank" rel="noopener">EigenLayer’s</a> upgrade will improve its functionality. It will allow developers and LRT operators to provide their LRT solutions. So, you will be able to swap AVS restaking rewards for ETH via swap to aid in the creation of the LRT/ETH pair. 
Integrating LRT into StaFi’s LSaaS stack improves LRT development’s reliability. It also makes restaking across many chains accessible. With this integration, liquid staking has so much in store for us.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;">StaFi LSaaS Stack Supports EigenLayer LRT 
 With the successful launch of <a href="https://twitter.com/eigenlayer?ref_src=twsrc%5Etfw">@eigenlayer</a> mainnet, deploying EigenLayer LRT on LSaaS with min additional development effort is now possible. 
 This will greatly enhance the efficiency of LRT development &amp; overall acceptance of restaking <a href="https://t.co/f7px5SffBl">pic.twitter.com/f7px5SffBl</a> 
 — StaFi Protocol (@StaFi_Protocol) <a href="https://twitter.com/StaFi_Protocol/status/1788918954691535137?ref_src=twsrc%5Etfw">May 10, 2024</a>
</blockquote> 
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StaFi 2.0 is a significant upgrade of StaFi. It places StaFi as the <a href="https://www.coingecko.com/learn/what-is-liquid-staking-liquid-staked-derivatives-you-need-to-know" target="_blank" rel="noopener">Liquid Staking Derivatives</a> Infrastructure Layer. The recent upgrade will bring about the integration of new tokens. 
 This platform will be a much more secure platform with a new identity. All these make StaFi a platform committed to improving liquid staking technology. This new integration will lead to a more efficient liquid staking solution. 
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The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/stafi-updates-lsaas-with-lrt-integration-and-new-roadmap/">StaFi Updates LSaaS with LRT Integration and New Roadmap</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

StaFi Updates LSaaS with LRT Integration and New Roadmap

Altcoin Buzz

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