The Benefits of Staking with SFT Protocol on Filecoin Virtual Machine (FVM)
As decentralized finance (DeFi) continues to gain traction, staking has emerged as a popular way to earn passive income while supporting the security and stability of blockchain networks. SFT Protocol, a decentralized protocol providing liquidity for staked assets, presents an innovative solution for those interested in FIL staking.
Benefits of Staking FIL on FVM
Gas fee subsidy campaign for users: During the campaign period (Before June 15, 2023), users who stake SFT tokens for 3 or 12 months fixed-term products on the FVM mainnet (unlimited times) will receive a corresponding proportion of gas subsidy (FIL). Airdrop Time: After the campaign ends, FIL will be airdropped in a unified manner to FVM wallet addresses based on on-chain address data.
Seamless integration with Filecoin ecosystem: FVM is designed specifically for Filecoin, ensuring a smooth experience when interacting with Filecoin-based applications and services. By staking on FVM with SFT Protocol, users can tap into the vast potential of Filecoin’s data storage capabilities.
Enhanced security and decentralization: FVM prioritizes maintaining a secure and decentralized environment, which is essential for the long-term sustainability of the network. By staking on FVM, users can contribute to the network’s security while reaping the rewards of a decentralized system.
Data-centric applications: Filecoin’s primary focus is on decentralized data storage, making it an ideal platform for data-centric applications. Staking on FVM can pave the way for innovative dApps and use cases in data storage, retrieval, and analysis, distinguishing FVM from other staking platforms.
Unique DeFi opportunities: With its compatibility and focus on data storage, FVM offers unique DeFi opportunities that are not typically found in other ecosystems. Users can explore DeFi applications tailored to the needs of data-driven projects, further expanding the possibilities within the Filecoin ecosystem.
Conclusion
By choosing to stake FIL on FVM, users can get SFT tokens to stake on Farms, and they not only earn rich passive income but also contribute to the growth and development of the Filecoin network, ultimately fostering a vibrant and innovative ecosystem for decentralized data storage and management.
