Stafi Report by Jesse

Hello and welcome to another edition of Wealth Mastery. Like last week, this week we won’t be venturing too far away from what’s happening in the Polkadot ecosystem. With staking being a key mechanism to not only a great ROI for early entries, but also what’s currently thought to be the most energy-efficient means of consensus. This week we’ll be looking at the “hottest and latest” staking as a service project called Stafi.

Introduction

Stafi (FIS) is short for staking finance and gives a clear representation of the project's intent on providing a secured solution to address the conflict between the mainnet security and the token liquidity in the current staking model. To do this, the team at Stafi is developing a system that replaces computing power weight by token weight in BP (Block Producers) elections. Those selected will be responsible for the packing, verifying of transactions, and prolonging the chain. Allowing token holders to take part in the system consensus through staking. During the whole process, the token holders only have to run servers of certain standards or delegate to professional validators. This random election solves the problem of squandering computing power brought about by mining competitions. While at the same time, creating a new blockchain relationship with holders to make them miners and creating a new way to produce blocks in the public blockchain world. Making Stafi the first decentralized protocol to unlock liquidity of staked assets.

Stafi encompasses three layers to its decentralized protocol; the bottom, contract, and application layers. The bottom layer is mainly based on the established blockchain system Parity Substrate that we’ve talked about many times within the Polkadot ecosystem. The contract layer supports