How Stafi Integrates into the Polkadot Ecosystem

Eric, the head of the Polkadot ecosystem developer program, accepted an AMA interview and shared his views on the Stafi Protocol and its role in the Polkadot ecosystem.

Eric is the head of ecosystem development at Parity, responsible for projects such as the Substrate Builders Program. He stated that the program aims to support project development by bringing together resources from within Parity, including technology, marketing, and business development.

The Substrate Builders Program is different from traditional accelerators or incubators, primarily providing professional support related to the Substrate ecosystem and technology. Selected projects can receive assistance in terms of technical support, community promotion, financing connections, and business development.

Eric believes that Stafi Protocol can solve the problem of lack of liquidity of collateral assets in POS chains by generating rToken. Users can maintain asset liquidity while earning collateral yields, which is very helpful in lowering the collateral threshold.

Regarding Stafi's role in the Polkadot ecosystem, Eric pointed out that it can become an important DeFi infrastructure. By collaborating with other DeFi projects, the rToken generated by Stafi can serve as collateral or be used to create financial derivatives, helping to enhance the liquidity of the entire ecosystem.

Eric stated that Parity will promote cooperation between Stafi and other projects within the ecosystem in various ways. He suggested that Stafi could focus on collaborating with DeFi projects, such as the stablecoin platform Acala.

Overall, Eric believes that collateral derivative projects like Stafi will become an important part of the Polkadot ecosystem and help attract more users. He also mentioned that he would consider using products like Stafi to manage his KSM collateral more flexibly.

Eric finally suggested that projects hoping to join the Substrate Builders Program should be prepared to demonstrate technical progress and a clear business model. Parity hopes that the projects it supports can receive good backing and achieve long-term success.