SFT Protocol
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  • SFT Protocol
  • Protocol
    • πŸ”Security & Audit
    • πŸ›£οΈRoadmap
    • 🏷️Contact Us
  • Products
    • πŸ”¨Staking Minting
    • πŸ”‘Redemption
    • πŸ’°Farm
    • 🚰Provide Liquidity
    • πŸ“ˆLending
    • ⛓️Cross-chain Bridge
    • ☁️RPC Cloud
  • Collaborators
    • 🀝FIL Holders
    • πŸ›‘οΈEquipment Providers
    • πŸ•ΈοΈNode Partners
  • Tutorials
    • πŸ“‘Product Tutorials
      • Stake FIL to Sealing Nodes
        • FVM
      • Stake FIL to Pool
      • Farm Stake and Income
      • Redemption Process
      • Pool Lending Process
    • πŸͺ™Address and Wallet
      • TP Wallet Usage
      • Metamask Wallet Usage
      • FEVM Address Explanation
    • πŸ”ŠMarketing Promotion Plan
  • Technical Documentation
    • Technical Architecture
    • Smart Contracts
    • Technical Description
      • LendingPool Contract
      • Swap Contract
      • Reward Contract
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  1. Products

Staking Minting

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Last updated 1 year ago

After the user stakes FIL to the node, the contract automatically casts SFT in a 1:1 ratio. When the user redeems FIL using SFT, the SFT will be destroyed, and the redemption ratio will remain 1:1.

SFT is a certificate of computing power for FIL holders participating in node mining, which will have the right to share in the revenue and redemption of the node. SFT can be transferred through the wallet, and the right to receive income will also be transferred accordingly.

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