Started on August 15, 2021, VNDC officially listed Stafi Token (FIS) on VNDC Wallet. Right after FIS is available on the platform, users can perform the following features with FIS:

Off-chain transactions: Send, receive FIS with other users on the same system.
Exchange: Convert from VNDC to FIS and vice versa.
Credit Line: Use FIS as collateral to borrow VNDC with a 30% credit line.

About Stafi

Stafi (short for Staking Finance) is founded in Octorber 2018, developed by Tore Zhang, former software engineer for Alibaba and Young Liam, founder of Wetez mining pool and Wetez Wallet. Stafi is a DeFi protocol that aims to unlock liquidity of staked assets.

Stafi protocol is capable of resolving the conflict between mainnet security and liquidity by issuing rToken (Reward Token), a token created to provide liquidity for staking assets. In other words, users can staking tokens under the PoS mechanism through Stafi and get an equal amount of rToken in return. rToken allows users to receive staking rewards and access liquidity any time by trading rTokens directly. Users also have the right to redeem the corresponding amount of staked tokens at any time.

Website: https://www.stafi.io/

What is FIS Token?

FIS is the native token on StaFi Chain, running on Ethereum network with ERC20 standard and can be used:

As Gas fee to distribute to Validators and Protocol Treasury
As staking rewards.
As a means of storing value in the Stafi system and providing liquidity for rToken.

Specifications:

Name: Stafi token
Symbol: FIS
Platform: Ethereum
Standard: ERC-20
Smart Contract Address: 0xef3a930e1ffffacd2fc13434ac81bd278b0ecc8d
Type: Utility Token

Up to now, FIS is available on some of the largest cryptocurrency exchanges like Binance, Huobi Global, Gate.io,… with a total daily trading volume of up to $26 million. At the time of writing, FIS is ranked #683 on CoinMarketCap.