STFX is a DeFi and SocialFi protocol for short-term asset management. The concept behind STFs ("Single Trade Funds") is short duration, non-custodial, actively managed vaults that are dedicated to a single specific trade.
The STFX platform charges a flat 0.3% commission fee on all STF vaults. This fee is debited after fundraising completion but before the margin is deployed to Perp DEX.
STFX stakers will receive claim to 80% of protocol revenue, with the remaining 20% accruing to the DAO treasury. Rewards will be paid out to stakers in USDC on a weekly basis. Staking will be subject to a 1 week “cooldown” period prior to becoming re-liquid.
In addition to the commission fee, the protocol will also charge a 3% performance carry fee on all STFs that close in profit. Performance fees will not be levied on STFs that close at breakeven or in loss.
$STFX is the native token of the STFX platform with the following functionalities:
- Fee Rebate – Token stakers will be granted fee reduction and rebates on STFs, both as managers and investors
- Governance Decisions – Token holder will have pro rata influence over governance parameters and future implementation proposals. These values could include raising/lowering vault capacities, adding new tradeable instruments, integrating new DEX protocols, raising/lowering fee structure etc.
- Delegation – Stakers will be able to delegate their tokens to a particular vault of interest. For example, if an investor plans to join a specific STF, they would be able to delegate their stake to that STF, unlocking perks for the manager.
- Priority Access – Large $STFX token holders will get first access rights to high profile manager STFs that may be otherwise oversubscribed.
- STF Advertising – In a competitive marketplace for investor mindshare, managers will be able to stake and/or buy and burn $STFX to get higher visibility on the protocol’s discover page.