Exploring the SFT Chain Sushi-LP Staking Liquidity Pool

3 min readMar 11, 2024

The SFT Chain Sushi-LP Staking Liquidity Pool represents a pioneering initiative designed to empower participants by facilitating the contribution of digital assets to a liquidity pool, while simultaneously rewarding them. This innovative mechanism significantly enhances the liquidity, price discovery, and decentralization of rSPD, serving as a catalyst for the growth and sophistication of the SFT ecosystem.

I. Acquisition of Sushi-LP Tokens

1.1 Engagement with SushiSwap: Participants are encouraged to visit SushiSwap and allocate FIL and rSPD to the liquidity pool. This process involves the combination of these assets into LP tokens, reflecting market dynamics. Here is the link: https://www.sushi.com/pool/314:0x83a0c0912fa141730bf2c0ebce9e3394ee7c5e2d

1.2 Staking of LP Tokens: The resultant Sushi-LP tokens are then staked within the SFT Chain liquidity pool, enabling participants to accrue rSPD rewards. Here is the link: https://www.sft.network/#/Farm/SUSHI

1.3 Reward Distribution: A consistent release of 2000 rSPD tokens is maintained daily over a span of six months, rewarding contributors for their participation.

II. Yield Rate Computation

The Annual Percentage Rate (APR) for Sushi-LP token staking is calculated based on the aggregated value of the FIL : rSPD pairing, with adjustments reflective of market valuations of FIL and rSPD. This dynamic calculation ensures an equitable distribution of rewards in line with current market conditions.

III. The Multifaceted Role of rSPD

3.1 SPD Exchange Mechanism

Post the SPD mainnet launch, rSPD tokens are exchangeable at a 1:1 ratio for SPD, culminating in the destruction of the exchanged rSPD.

3.2 Infrastructure Exchange via DePIN

Before the launch of the SFT Chain mainnet, rSPD served as a means of exchanging infrastructure points. These points could be used to acquire infrastructure in the areas of storage, computation, and edge CDN, developed by SFT Chain. Examples include:

Storage domain: Filecoin, Spacemesh, CESS, AR, etc.

Computation domain: Render Network, IO.NET, ALEO, Fluence, etc.

Edge CDN domain: ICP, EDGE, HNT, Filecoin, etc.

IV. Alternative Avenues for rSPD Acquisition

4.1 Referral Program

Participants introducing new users to the platform’s regular farming opportunities are rewarded with rSPD, matching the staked SFT volume of their referrals.。

4.2 Regular Farming Initiatives Engagement

Users can significantly increase their rSPD earnings through SFT Chain’s farming opportunities, earning 10 times the SFT staking yield daily.

4.3 Liquidity Pool Staking Initiatives Engagement

By staking rSFT in the liquidity pool, users can significantly increase their rSPD earnings through SFT Chain’s liquidity pool staking opportunities, earning double the SFT staking yield daily.

4.4 Stake your Sushi-LP

You’ll be eligible to share in a daily distribution of 2000 rSPD.

4.5 Community Participation

Active involvement in community-driven activities also presents opportunities for rSPD airdrops, fostering a vibrant and collaborative ecosystem.

Conclusion：

The SFT Chain Sushi-LP Staking Liquidity Pool offers an engaging and rewarding platform for users keen on enhancing the SFT ecosystem’s liquidity and dynamism. Through strategic participation, users not only contribute to the ecosystem’s liquidity and price stability but also stand to gain substantial rewards. The comprehensive reward mechanism and the versatile utility of rSPD underscore the SFT Chain’s commitment to fostering a robust, decentralized, and sustainable digital asset ecosystem.

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