Stafi Protocol published the development circuit diagram in the fourth quarter, and rToken will be first implemented on FIS
BlockBeats: September 22, Stafi Protocol, a decentralized Protocol, released its development roadmap for the fourth quarter, focusing on the establishment of ERC20 bridge and rToken standard.
The main development plans are as follows:
1. September - October: ERC20 Bridge
Considering that most DeFi projects are built on Ethereum, it becomes necessary to convert rToken to ERC Token. At the same time, the ERC20 bridge can synchronously support FIS to be converted into Ethereum Token, enabling FIS and rToken to be circulated on Dex, such as Uniswap. Before rToken comes out, the Stafi Protocol needs to build a bridge first.
2. October to December: rToken
In general, in order to rapidly advance the standard of rToken, the Stafi Protocol divides rToken into four categories:
1) Substrate
2) CosmosSDK class
3) ERC20 class
4) Other PoS classes
To complete the rToken forging process, rToken will be implemented first on FIS, which is scheduled to go live at the end of November. After the smooth operation of rFIS, the development of rDot and rKSM began in December, because DOT and KSM are also based on Substrate development, so the access speed will be faster, and then rDot and rKSM will also become the reference targets for the development of Substrate based project standards.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
