Adaora Anders
3 min readDec 1, 2021


StaFi Protocol Launches rSwap V1

Staking Finance (StaFi) is in the business of unleashing the true potential of PoS chains. The DeFi protocol currently has several POS chains covered in its liquid staking solution. But where does rSwap come in?

The Birth Of rSwap

StaFi’s liquid staking solution entails creating synthetic staking derivatives for the staked asset. rTokens, as they’re called, have to be easily traded or utilized in other ways. This way, users have a say in the management of their liquidity in PoS chains.

rSwap is StaFi’s latest attempt to improve the utility of rTokens. The DEX will allow easy trading of rTokens. At the moment, rSwap V1 allows users to exchange only a limited number of rTokens, say rATOM, rDOT, and rBNB. Making it possible for holders to swap these to the original asset.

Why rSwap?

The liquid staking solution of StaFi relies on the use of rTokens as an easy exit for anyone staking on PoS chains.

Initially, StaFi started through partnerships with different DEXs and DeFi protocols. The aim was to allow for trading of the rToken in addition to other utilities that DeFi dapps do provide.

Despite how helpful these collaborations with other DeFi dapps have been, it’s not the mainstay of StaFi’s utility roadmap for rTokens. rSwap is the first step towards making that a reality.

What Is rSwap?

StaFi recently launched rSwap, a DEX for trading rTokens. The decentralized exchange should make converting rTokens to the main asset a walk in the park.

As novel as the concept of rSwap is in this space, StaFi is only testing the waters with the first version. rSwap V1 is currently on mainnet, but there are a few hiccups. Not all rTokens are currently supported. So if you’re eager about converting your rTokens to the actual asset on rSwap, you might want to look at what rToken you’re holding. At the moment, rATOM is the first to be commissioned on the DEX. rATOM holders can trade the synthetic staking derivative for ATOM, Cosmos chain native token.

Why You Should Use rSwap

StaFi’s rSwap isn’t the only DEX for trading rTokens. From the onset, the substrate-based platform has partnered with DeFi protocols to enable the trading of its rTokens. Holders of these synthetic derivatives can trade them on the relevant DEXs such as Uniswap, Quickswap, and others. So why should anyone use rSwap?

For starters, there’s a discount parameter on the rToken redemption exchange rate of a whopping 90%. But this is only available for early users. The discount will drop down as adoption sets in. So if you’re waiting for other rToken holders to use the DEX before you, then think again.

Secondly, rSwap is based on mainnet, so fees will be paid in FIS. That’s a cheaper alternative to what’s obtainable on other chains.

Liquidity provided on rSwap is another opportunity for rToken holders to take advantage of. Being the early bird here counts for everything as you get to enjoy a chunk of the fees before the pool gets crowded.

StaFi intends to enhance the capacity of its rSwap in V2. This will allow rToken holders to exchange all their rTokens for the underlying asset. Being an AMM DEX, rSwap V2 will be the turning point for liquid staking, so there’s a lot in the offing.


The launch of rSwap is one of the ways StaFi provides utility for its rTokens with the community in the picture. rToken holders have a lot to look forward to. The future of liquid staking is StaFi, and rSwap is DeFi protocol’s tool to build something worthwhile in the decentralized finance space.

For more information, check out the official websites below:


rSwap V1:

rFIS Product:

rETH Product:

rDOT Product:

rKSM Product:

rATOM Product:


Telegram Chat:

Telegram Announcements: