⚙️@TheRigLST is live on mainnet, bringing native liquid staking to @Fuel_Network!
The Rig is $Fuel's native liquid staking protocol that mints stFUEL, a token that grows in value as you earn staking rewards — letting you stay liquid while supporting $Fuel sequencer security.
Using the https://t.co/ccwRmC1VKf app, you stake $FUEL, which is delegated across 8 distributed validators. You instantly receive stFUEL that you can use for lending/borrowing, providing liquidity, or trading.
Meanwhile, your stake automatically compounds and earns over 28% APR in the background. Track your rewards on The Rig, trade/LP stFUEL on @miraprotocol, and prepare for upcoming withdrawals and more DeFi integrations.
Deployed on Ignition, The Rig delivers capital-efficient staking native to FuelVM. Our team is proud to support it as one of the first sequencer operators alongside @simplystaking, @chainlayerio, @RealBlockPI, @kintsugi_tech and others.
Secure the sequencer. Stay liquid. Scale with stFUEL! ⛽