The StaFi team launched validator incentive program to help them develop the community and get rewards for it.
Currently, StaFi has opened a limited number of seats for nominators, and many validators who have contributed a lot to StaFi are still in the waiting list. To make up for that, the StaFi team launched a nomination incentive program to motivate validators who have made significant contributions. In the initial issuance of FIS, the StaFi team has allocated up to 40% of FIS in order to pay for those community members. For example, the rewards for Phase1 of Sitara incentive testnet and StakingDrop will be taken from this allocation. Team will roll out more campaigns including StakingDrop or DevelopmentDrop to help the community grow. The token incentives for outstanding validators were also from the community incentives.
Team select and nominate outstanding validators to facilitate the development of StaFi. Therefore, team will withdraw the nomination even by the end of one cycle when a validator:
Validators can submit your contributions in Google Forms . To facilitate reading, please read requirements and make clear, detailed statements, in the form of a PDF file, and then upload it to Google Forms.
If you have submitted in the Google form according to requirements, then congratulations, you have made a big step. Team will carefully evaluate the contributions you have made by the above criteria and determine future nominations. For those excellent validators, team will reward them extra FIS as incentives.
Generally, in each quarter, a validator can submit their contributions during the first half of the last month, and team will assess that within the next two weeks. Rewards and nominations are issued in the first week of the next quarter. Team will also remind validators to submit through Twitter and Telegram channels. The assessment results will also be released to the community promptly.
StaFi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. FIS is the native token on StaFi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the StaFi chain, and mint & redeem rTokens.
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann