# Staking Letter #8: StaFi 2.0 Status Update By [StaFi](https://paragraph.com/@stafi) · 2024-08-14 --- [https://mirror.xyz/0xBABf7e6b5bcE0BD749FD3C527374bEf8919cC7A9/bNtJk4LKO8DPW9so57eyLlltDdR8hkBe9jTrZNUv5UM](https://mirror.xyz/0xBABf7e6b5bcE0BD749FD3C527374bEf8919cC7A9/bNtJk4LKO8DPW9so57eyLlltDdR8hkBe9jTrZNUv5UM) New Era - Liquid Staking as a Service(LSaaS) -------------------------------------------- It's been nearly six months since the introduction of StaFi 2.0. During this period, market conditions have been highly volatile and unpredictable. In response, the StaFi team has focused primarily on product development. **We've introduced the concept of "Liquid Staking as a Service" (LSaaS), evolving StaFi from merely a liquid staking protocol for multiple PoS chains to becoming a comprehensive liquid staking infrastructure for multiple PoS chains.** Below is an update on our progress in product development and implementation. **✅ Launches** * ETH LSaaS Stack * EVM LSaaS Stack: SEI, BNB * LRT Stack: Eigen Layer, Karak * BTC LSaaS Stack: Babylon * CosmWasm LSaaS Stack * SOL LSaaS Stack * Rebrand website: [https://stafi.io](https://stafi.io) * LSaaS App: [https://stack-app.stafi.io](https://stack-app.stafi.io/) * LSaaS Doc: [https://lsaas-docs.stafi.io](https://lsaas-docs.stafi.io) **🚧 In Development** * Eigen Layer LRT Stack: rewards distribution * Babylon LRT Stack: Cobo integration * LSaaS Modularity: Point module, AI module, FE module * Chainlink CCIP module * More module is coming **⭕️ PMF & Growth** * rLaunchpad Season1 & Season2 * Pitching to Potential Partners * Online Hackathons * Market Agency Collaboration * Participation in Web3 Events Based on the progress outlined above, it's clear that LSaaS has made significant strides over the past six months. Our next focus will be on finding Product-Market Fit (PMF). We've already pitched to numerous partners to drive LSaaS adoption. To further this effort, we are sharing our pitch deck and actively recruiting more business developers from the community to help expand LSaaS. If you're interested, feel free to apply directly on Discord. * LSaaS Pitch Deck: [docsend.com/view/rxf9p8h9rj6r5yqj](http://docsend.com/view/rxf9p8h9rj6r5yqj) * Apply to community BD: [https://warrior.stafi.io](https://warrior.stafi.io) FIS Token --------- In reality, the team hasn't had the bandwidth to focus on the FIS token over the past six months, despite significant community interest and feedback. With the product and engineering milestones gradually being achieved, the team will now have more time to address these concerns. First, a proposal for burning FIS tokens will be submitted around next week. The FIS tokens to be burned will be taken from the Treasury address, and the amount burned will be substantial. **This burn will not affect the FIS tokens already held by users, and it will be a genuine burn—not just an adjustment to the so-called max supply—since FIS is already in full circulation.** The proposal will be reviewed by the community, and after any necessary revisions, it will go to a community vote. Once the voting is complete, the engineering team will proceed with the development, and we will also make the relevant parameters public. **The FIS burn will be executed following the completion of development, testing, and deployment by the engineering team.** Additionally, the FIS rebranding process is yet to begin and will be a significant undertaking, requiring comprehensive community discussion and input. Below are some key points that will be addressed in the rebranding discussion. **⭕️ Rebranding Discussion Points** * New token name and icon * Transition from StaFi Chain native to ERC20 native: handling StaFi Chain and StaFi Hub * CEX support * New tokenomics * New government **If you have any ideas or suggestions, please feel free to share and discuss them within the community. We've already started exploring the rebranding process.** **About StaFi 2.0** ------------------- StaFi 2.0 will be a major upgrade and rebrand. In terms of positioning, StaFi will transform from a multi-chain LSD protocol to an LSD Infra Layer, and the brand will also be upgraded accordingly. In terms of tokenomics, FIS will introduce a burn mechanism and add new utilities. In terms of security, on top of the existing chain security, it will support contract layer security, including support and frameworks for multiple VMs such as EVM and WASM. Read more about [StaFi 2.0](https://mirror.xyz/0xBABf7e6b5bcE0BD749FD3C527374bEf8919cC7A9/bNtJk4LKO8DPW9so57eyLlltDdR8hkBe9jTrZNUv5UM). [Website](http://www.stafi.io/) | [rToken App](https://app.stafi.io/) | [Twitter](https://twitter.com/StaFi_Protocol) | [Telegram](https://t.me/stafi_protocol) | [Discord](https://discord.com/invite/jB77etn) | [Forum](https://dao.stafi.io/) --- *Originally published on [StaFi](https://paragraph.com/@stafi/staking-letter-8-stafi-2-0-status-update)*