Abstract:
With the planned deployment of the rBNB/BNB pool on Wombat Exchange (BSC), the next step for StaFi includes listing the rBNB/BNB pool on Wombat’s voting gauge. This addition would enable rBNB/BNB liquidity providers to earn a share of the daily WOM emissions from the platform.
Motivation:
By listing the rBNB/BNB liquidity pool on Wombat’s voting gauge and providing 1000 FIS bribes/week, StaFi can potentially extend its reach through Wombat’s emission distribution mechanism. Consequently, this could enhance rewards for rBNB depositors and lead to increased liquidity depth, as users can potentially earn a higher APR. Listing the rBNB/BNB pool would also have a significant positive impact on Wombat protocol’s Total Value Locked (TVL).
Specification:
The proposal calls for the inclusion of the rBNB Pool on Wombat’s voting gauge (BSC)
Next Steps:
Once the temperature check has been successfully completed, Wombat will initiate a snapshot voting process, inviting the community to participate. If the voting process achieves its objectives, StaFi will then work with Wombat to proceed to deploy the rBNB pool on the Wombat Exchange voting gauge.
References:
StaFi protocol is the first decentralized protocol unlocking liquidity of Staked assets.StaFi aims to solve the contradiction between Mainnet security and token liquidity in PoS consensus. The token holders are staking through staking contracts built in StaFi protocol, and then get alternative tokens(rToken ,such as rDOT, rATOM, rBNB, rSOL etc.), rTokens are tradable and it can get staking rewards from original chain at the same time.
StaFi is a combined abbreviation of Staking+Finance. It is a decentralized protocol built with the Substrate. The contract layer is composed of multiple staking contracts, and the application layer is mainly trading platform of rTokens.
Do you agree to list the rBNB/BNB Pool on Wombat’s Voting Gauge?
- Yes
- No