TrustFi
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Economic and Design Principles
The global market size for Proof-of-Stake (PoS) is soaring as the demand for Ethereum surged along with the anticipated shift to PoS (Eth2) and successful competitors emerged and earned market share. Some of these competitors include Solana, Avalanche, Polkadot, Terra and Cardano, all among top cryptocurrencies per market capitalization. As a result of competitors such as these, the total value locked (TVL) on DeFi increased seven times year-over-year, surpassing $200 billion with almost 60% of the total TVL remaining on Ethereum, according to DappRadar 2021 Industry Report (https://dappradar.com/blog/2021-dapp-industry-report).
TrustFi separates the part of consensus in Proof-of-Stake (PoS), without considering the ability of maintaining the security and stability of the public chain network, and refines the economic model related to revenue distribution. TrustFi simplifies the complex process of the whole staking, and designs it as a decentralized staking smart contract product that allows everyone to participate equally, which is named TrustFi Farmer. Therefore, the core component of TrustFi Farmer, Decentralized Staking Contract, is different from Proof-of-Stake (PoS) staking, which is a Half Community Governance model that enables crypto startups to build early communities.
TrustFi builds upon some of the core design principles of DeFi projects, while at the same, introduces several new and improved mechanisms to drive platform growth. In particular, TrustFi Farmer focuses on the development of virtuous economic cycles that:
  1. 1.
    Accumulate increasing value within the ecosystem over time;
  2. 2.
    Net deflationary tokenomics to reduce token supply;
  3. 3.
    Attract the inflow of value by incentivizing value participation;
  4. 4.
    Grow value distribution proportionately with value inflows;
  5. 5.
    Slow down the circulation speed of Project Token;
  6. 6.
    Scale up exponentially with the addition of new staking ecosystems.
The core design principle of TrustFi Farmer takes into account the effective link with TrustFi Launchpad and TrustFi Booster, which makes TrustFi BaaS Ecosystem a real community driven incubator. Under the premise of simple and easy use, TrustFi Products stimulate the vitality of DAO, unlock the potential of DeFi, and become an important supplement to Web3.0 infrastructure.
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