TechFlow News, the liquid staking protocol StaFi will deploy its Liquid Staking as a Service (LSAAS) testnet ahead of its rebranding and the launch of StaFi 2.0 mainnet. StaFi plans to introduce its liquidity restaking tokens on the testnet in Q2 this year, with the mainnet scheduled to go live in the third quarter of 2024. Meanwhile, StaFi is exploring LSD solutions for BTC.
Notably, Liquid Staking as a Service refers to blockchain platforms that provide liquidity by minting new tokens representing underlying staked assets. These new tokens can be used and traded across DeFi protocols to generate additional income or rewards.
Originally developed through a Polkadot grant, this latest rebranding will enable the protocol to move beyond the Polkadot ecosystem and position itself as an infrastructure platform for liquid staking derivatives compatible with multiple blockchain networks.
