How Stafi Integrates into the Polkadot Ecosystem

Self-introduction

Eric Wang is a seasoned professional in the blockchain technology industry and currently serves as the Head of Ecosystem Development at Parity. He entered the industry in 2017 and co-founded the decentralized storage solutions company Archon. At Parity, Eric is primarily responsible for ecosystem strategy, external outreach, and the "Substrate Builders Program" project.

The "Substrate Builders Program" aims to provide comprehensive support for projects by integrating Parity's internal technologies, market, business development, and other resources to assist their growth.

AMA Q&A Session

The nature and characteristics of the Substrate Builders Program ###

The Substrate Builders Program is neither an accelerator nor an incubator, but rather provides professional technical support and industry resource connections based on Parity's deep understanding of the Substrate ecosystem and technology stack. Unlike the direct funding provided by Web3 Foundation Grants, this program offers more comprehensive support.

Project Selection Criteria and Rights

The selection criteria are based on a comprehensive assessment of factors such as project stage, business model, financing status, development progress, and team. Selected projects can receive various forms of support, including technical assistance, community promotion, financing connections, and business development, for a duration of 6 months.

Understanding of Stafi Protocol ###

Stafi Protocol aims to provide liquidity for staked assets, addressing the liquidity loss issues caused by staking in POS chains. By generating rToken, users can maintain asset liquidity while earning staking rewards. The Stafi team has a solid technical background and industry experience, and the project's launch timing is closely related to Polkadot.

The Impact of Stafi on POS Public Chains

Projects like Stafi can lower the staking threshold, encouraging more users to participate in staking, thereby enhancing the security of the original chain. At the same time, it provides the possibility for the development of financial instruments like derivatives, which is expected to bring about a positive feedback loop.

Polkadot's support for Stafi

As a Substrate ecosystem project, Stafi can receive support from Polkadot in terms of technical assistance, community resources, and investor connections. Although parachain slots need to be obtained through auctions, participating in the Builders Program helps Stafi gain more community support and improve the chances of a successful bid.

The role of Stafi in the Polkadot DeFi ecosystem

Stafi, as a collateral derivatives platform, can bring significant liquidity advantages to the Polkadot ecosystem. It is expected to become a unique advantage in attracting users to use Polkadot and provide more collateralizable assets for other DeFi projects ( like Acala ), promoting ecological development.

Potential collaboration opportunities for Stafi

Stafi can collaborate with DeFi projects within the Polkadot ecosystem, such as providing rToken as collateral for platforms that generate stablecoins, or for developing various financial derivatives. Parity will promote cooperation between Stafi and other projects within the ecosystem through promotion and project matching.

Personal views on Stafi

Eric believes that if projects like Stafi are successfully launched, they will provide users with a solution that balances staking rewards and asset liquidity. He stated that he might consider using Stafi to more easily manage and diversify his KSM staking.

Substrate Builders Program application suggestion

The program is open for applications at any time. It is recommended to prepare sufficient technical proof ( such as GitHub repositories ) and a clear description of the business model when applying. Parity hopes to ensure that ecological projects receive adequate support and have long-term development potential.