Top 5 things on Staking with Saffron

November 9, 2021
June 7, 2022

Dingo returns and walks us through the top 5 things users should know about Saffron Staking V2.

Hey guys, Dingo here back again in the limelight with another video for you guys. We’re all incredibly excited about the launch of Saffron Staking V2 and we thought it would be a good idea to educate users on some of the things that they might not know about Saffron Staking V2. Everybody loves lists, so let’s go ahead and kick things off:

1Saffron Staking V2 is here and it is just the beginning of our product rollout - it is not the entirety of V2… on the contrary it is just the beginning. We outlined the general roadmap for V2 for users to the roadmap we listed in July and we’ll have a link to the description of the video. You’re seeing that we’re testing in prod right now on the Polygon mainnet, and many of you will be excited to know that we’ll be building Saffron on the Avalanche network next. So if this is you thinking that this is all we’ve got, well, you’re in for a very pleasant surprise.

2. The biggest feature request arrives with Saffron Staking V2 - perpetual staking. This means you can stake your SFI and just set it and forget it while you continue to earn yield. No longer will you have to stake and retake your funds every epoch - we’ve done away with epochs altogether… meaning our users will save a ton on gas fees going forward. So if you still have funds on V1 - go rescue em. Cause they’re not really doing anything ;)

3. You can access V1 by going to the menu in the upper right hand side of our new V2 UI and clicking the drop down menu. If you were an early adopter of ours you likely have some funds left over - so make sure to get those out of V1 so you can migrate over to V2.

4. We’re testing in prod on the Polygon mainnet now at polygon.saffron.finance. We’re really excited to start testing out our tranche system with real funds. This does come with a few caveats though. Please be warned that there are deposit caps (up to $15k) and unlike on the Ethereum side of things, the contracts are not yet audited. The UI is not complete and only serves as a basic functionality test and the purpose of this beta test is to figure out how the mechanics of the tranche system work with real funds. Users need to initiate a withdraw one week before they actually want to receive the funds — as all funds will be locked for one week. Unlike the Rinkeby beta test, we’re testing with live funds, so the APRs that are displayed are real and the earnings that you will receive are real. You can join other tests on the Polygon specific Saffron telegram channel to discuss the latest developments on the V2 tranche system by goin to the link in the description. We can’t wait to hear your guys’ feedback.

5. We believe NFTs are a cornerstone of Saffron - and will play a big part in the industry moving forward. Outside of our innovative tranche system they’ve been one of the most popular things at Saffron that we’ve done - they help showcase that you were there in the humble beginnings of our protocol, they’re fun tokens to give away, and hey - people like to collect them. Well, the good news is over the next few months we’ll be implementing them in some new ways that the industry hasn’t seen before - and we’ll be able to go into more details soon. We had a brief taste of them throughout the last few months through Bitcoin Miami, Saffron V2 Beta test, the art contest, and more - but we’re going to be kicking things up a notch and integrating them more heavily into our protocol in some unexpected ways. Some of these events we’ll announce ahead of time, but others we’ll reward as a fun surprise. Speaking of surprises, anyone who interacted with the Saffron V2 protocol - on polygon or on ethereum - during the 28th to the 31st will receive this limited edition Halloween NFT. Expect more of these little

That’s all for today. It’s good to be back, and thank you for joining us at the beginning of the next iteration of Saffron.