SFT Protocol 2.0 Unveils the DePIN Blueprint
Introduction to the SFT Protocol：
The SFT Protocol, as a Web3 infrastructure service protocol, integrates various cutting-edge technologies such as LSD, AI, data storage, privacy computing, and optimization algorithms. It focuses on critical areas such as underlying distributed data storage, privacy encryption, and data transactions. This protocol provides robust support for global economic development, industry transformation, and technological innovation. Additionally, the SFT Protocol establishes an application chain platform, enhancing data security across various industries, reducing centralization risks, and actively promoting the development of Web3 infrastructure and global AI intelligence.
The SFT Protocol was initially deployed on two major networks: Filecoin and Binance Smart Chain. It offers a decentralized staking and mining solution, ensuring a safer, more efficient, and flexible FIL asset management experience through innovative technical architectures and feature settings.
1. Staking, Minting, and Redemption
The SFT Protocol introduces an automated staking and minting mechanism, significantly enhancing the convenience of asset management. Users can stake FIL tokens with specified nodes, and the system automatically mints SFT at a 1:1 ratio. This design makes SFT not only a proof of FIL ownership but also a representation of revenue rights. Users can seamlessly transfer their SFT while enjoying the flexibility of redeeming FIL in real-time to ensure asset liquidity.
Access the Mint page：
https://www.sftproject.io/#/mint
2. SFT Protocol FIL Liquidity Pool
Definition of FIL Liquidity Pool:
The FIL liquidity pool within the SFT Protocol is built on the Filecoin Virtual Machine (FVM) and serves as a liquidity collateral and leverage mining pool. This protocol allows users holding FIL tokens to earn stable returns without any lock-up period and provides loan services for those in need of FIL liquidity. Users providing FIL through this protocol can earn compounded APY returns ranging from 10% to 58%. Moreover, users will receive rSFT LP tokens, which can be redeemed for FIL at a 1:1 ratio. The launch of the SFT Protocol offers FIL token holders and demand participants more choices and opportunities to reap higher rewards and returns on the Filecoin network.
Access the Pool Deposit page:
https://www.sftproject.io/#/Pool
3. Key Updates in SFT Protocol 2.0
🧩Farms: Maximizing Returns
One of the core features of the SFT Protocol is its “Farms.” Currently, farms include two forms: a 6-month fixed-term staking and a flexible-term staking. In the 6-month fixed-term farms, users only need to stake their SFT in the farm pool to enjoy daily fluctuating returns with an annualized rate ranging from 20% to 35%. However, staked SFT needs to remain locked for six months before unlocking. In contrast, the flexible-term farms offer a fixed annualized return of 10%, allowing users to redeem SFT at any time without time restrictions, greatly enhancing asset flexibility.
Access the Farm page:
https://www.sftproject.io/#/farm
🧩Lending
To further enhance the efficiency of FIL utilization, the SFT Protocol introduces an innovative lending feature. Users can borrow FIL based on the quantity of staked SFT, with a maximum borrowing coefficient of 60%, and they are not required to bear any borrowing interest. This design not only improves FIL’s efficiency of use but also relieves users from the pressure of high-interest rates. More detailed information about lending will be presented in future articles.
Access the Lend page:
https://www.sftproject.io/#/Lend
🧩Cross-Chain Bridge
The SFT Protocol breaks down barriers between blockchains by establishing a cross-chain bridge between BSC and Filecoin. This allows users to carry out asset operations between the two chains and adapt flexibly to various market conditions.
Access the Cross-Chain Bridge page:
https://www.sftproject.io/#/bridge
🧩Market Activities
The SFT Protocol has initiated a variety of market activities, including market promotion ambassadors, rewards for first-time stakers, luxurious lottery games, Spacemesh hardware device exchanges, and more. All these activities are based on the SFT Protocol’s rSPD tokens.
What is rSPD token? rSPD is the early token of the SFT Protocol, defined as a point system used for rewards, promotions, airdrops, etc. It is issued on the BSC chain and can be exchanged 1:1 for SPD in the future. Once rSPD is exchanged for SPD, it will be burned.
Learn more:
https://sftprotocol.medium.com/introducing-rspd-token-and-its-powerful-utilities-a7a37b9a55ca
Access the Market Activities page:
https://www.sftproject.io/#/marketing
4. Conclusion
In conclusion, SFT Protocol 2.0 brings a fresh perspective to the LSD landscape with its unique design and features. This forward-looking design not only enhances asset liquidity, allowing participants to manage assets more flexibly but also provides strong support for the prosperity of the Filecoin and BSC networks. Looking ahead, the SFT Protocol will continue to build an application chain platform, drive innovation and development in Web3 hardware infrastructure, and establish a more open, efficient, and equitable decentralized network.
🏡Official Links
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