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DeFi Protocol StaFi Nearly Halves Commission Fees for Staking
StaFi will now charge a 10% fee on its Liquid staking derivatives products, down from 19%.
Updated May 9, 2023, 4:09 a.m. Published Mar 1, 2023, 8:19 p.m.
StaFi, a decentralized finance (DeFi) protocol, has nearly halved its commission fees on its liquid staking derivatives product in a move to bolster its platform's adoption and growth, the company said Wednesday on its blog.
The protocol will now charge users a 10% commission fee, the proceeds from which will be evenly distributed among validators and the StaFi decentralized autonomous organization (DAO) Treasury. Previously, the protocol charged its users a 19% staking commission.
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"In order for StaFi to be a mutually beneficial ecosystem, it is crucial to incentivize stakers to participate in the project and contribute to its growth," StaFi said in its post.
Staking is a consensus mechanism that validates transactions for proof-of-stake blockchains such as Ethereum, offering users a path to collecting yield on their cryptocurrency holdings.
Under the new 10% commission fee model, 5% of the fee will be allocated to validators, while another 5% will go to the StaFi DAO Treasury. The distribution of the remaining 90% ETH reward will be determined by assessing the ratio of the validator’s capital to the user’s capital.
The new model should incentivize stakers and validators to engage with the StaFi protocol, according to StaFi. But offering more attractive rewards for users will come at the cost of decreasing the StaFi DAO Treasury's own income, potentially limiting StaFi's ability to pay contributors and fund projects on its protocol.
StaFi's move to slash commission fees comes in the runup to the Ethereum Shanghai Upgrade, a network upgrade that encompasses a collection of improvement proposals, including one to allow investors to collect their staked, or locked-up, ether. The upgrade, which is slated for March, is expected to boost the number of stakers within the DeFi ecosystem, offering StaFi an opportunity to attract more builders to its protocol.
Read More: Upcoming Upgrades That Will Shape the Ethereum Ecosystem
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
Ano ang dapat malaman:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
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