rSWTH 🆕
The first liquid staked derivative of SWTH
rSWTH
Powered by StaFiHub, rSWTH is the first liquid staked derivative (LSD) of the SWTH token.
About StaFi
StaFi is a Liquid Staking Provider in the Cosmos ecosystem. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards.
rSWTH:
Is a synthetic staking derivative issued by StaFi to users when users stake SWTH tokens through the StaFiHub rToken App;
Is anchored to the SWTH tokens staked by users and the corresponding staking rewards;
Can be transferred and traded at any time.
Stakers can stake SWTH on StaFiHub to mint rSWTH directly here.
How It Works
Stake: Stake your SWTH tokens on StaFiHub and see your rewards grow in real-time.
Mint: Receive rSWTH when you stake. These tokens can be freely redeemed into your original SWTH tokens (+ staking rewards!) from StaFiHub at any time.
DeFi: With rSWTH, you can still earn staking yield while compounding extra yield by taking part in other DeFi activities such as lending, LPing, and more.
Delegation Algorithm
At present, the SWTH tokens which are staked on StaFiHub to mint rSWTH are delegated to 10 validators on Carbon. The delegation of these SWTH tokens is based on the staking rewards and operational reliability.
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