SFT Protocol Target

The SFT Protocol is divided into on-chain contract protocol, cloud node API interface protocol, and hardware protocol.

2.1 On-chain contract protocol:

Solve the public chain assets that are locked by stakes in the medium and long term, provide a decentralized protocol, release liquidity, expand the liquidity ecology, integrate with the current DeFi ecology, and solve the public chain liquidity by casting SFT tokens and protect the interests of users.

2.1.1 Release liquidity

The SFT Protocol establishes a Staking Contract on the upper layer. The holder can initiate Staking through the specified contract and obtain the token SFT at the same time. The holder's Staking process and the SFT issuance process are automatically executed by the contract code without any third-party endorsement. Except that there is no third-party intervention, all the distribution rights of SFT are returned to the original chain token holders. The POS public chain pledges a market value of 100 billion U.S. dollars, which will surge the number of SFTs in the market to support the SFT derivatives trading market. Promote liquidity such as leveraged transactions. Holders can continue to obtain income through Stake, but this expectation of future income from the legal currency is still fluctuating, resulting in inconsistent expectations for SFT transactions in the trading market, which will lead to a large influx of leveraged transactions into the market. Creating a decentralized asset exchange brings more opportunities and possibilities.

2.1.2 Extending the Liquidity Token Protocol

SC-based SFT Protocol can provide liquidity for locked Staking assets. At the same time, SFT Protocol can create more types of SCs for various Staking assets. Developers can freely build various derivative products on SFT through a set of SC development kits provided by SFT.

2.1.3 Integration with the existing DeFi ecosystem

The integration with existing DeFi ecosystems is mainly at the asset level. At present, DeFi projects are mainly based on tokens generated in the form of EVM using the public chain. The StakingToken market can obtain more liquidity and asset portfolios through various DeFi: such as Swap, Liquidity, Farm, Pools, Earn, and can also realize pledged tokens by bridging existing lending platforms and mortgage platforms.

2.2 Cloud node API level :

Gather Blockchain APIs and provide all cloud service nodes needed to build the future Web3 and Metaverse.

2.2.1 Gather cloud node API interface

With the evolution of Web3 and the development of various applications, developers have begun to rapidly develop decentralized applications on various Blockchains. Although developing DApps on the public chain itself, it is still a headache to build your own public chain nodes. It takes a long time and requires some technical barriers. The SFT Protocol solves this problem by providing high-performance public chain node services, bringing together various Blockchain APIs, and providing one-click deployment node services.

2.3 Hardware facilities level :

Build a globally distributed, self-scaling, multi-cloud network infrastructure, a flexible combination of privacy computing, storage solutions, and high-performance GPU computing capabilities.

Hardware infrastructure in the SFT protocol

The SFT Protocol matches the needs of enterprises at the Laas and Naas levels with the hardware architecture service platform under the protocol to provide support for better development of enterprises in the web3 field. SFT Protocol tokens are used to pay usage fees to investors willing to invest in the infrastructure sector. It also allows new users who are not familiar with cryptocurrencies to easily start services while using SFT Protocol tokens. This means that when global enterprises or users use the SFT Protocol to pay for their work, the infrastructure node operators will be rewarded with SFT Protocol tokens according to the workload.

2.4 The SFT protocol will be divided into three phases to achieve the short-term goals：

2.4.1 The first stage:

With Filecoin as the first supported public chain to initialize the entire protocol ecosystem, FIL users can flexibly participate, transfer, withdraw or redeem, providing a completely flexible Stake participation method; integrating existing DeFi functions to provide decentralized transactions, Lending and other services, while expanding the underlying assets to encrypted asset projects that rely on storage and privacy computing, adding more revenue pools;

2.4.2 The second stage:

Collect API interfaces of various public chains and cloud service interfaces and integrate them into the SFT protocol to provide convenient underlying services for web3 projects and enterprises.

2.4.3 The third stage structure:

Build a globally distributed infrastructure node, integrate the hardware infrastructure platform and Tokenization into the entire protocol ecology, and make the SFT protocol ecology expand and prosper in the long run.