Stakers deposit funds into StaFi and receive a return on investment in the form of staking rewards (supply-side revenue).

StaFi is a non-custodial liquid staking protocol built on Ethereum and other blockchains. StaFi was co-founded by Liam Young and launched in 2020.

FIS tokenholders own and govern the protocol. They currently take a cut of the total staking rewards earned by the protocol (revenue). StaFi’s investors include Focus Labs, Spark Digital Capital & a number of angel investors.

governance

github

twitter

discord

website

Liquid staking

StaFi

# StaFi Active users (daily) Methodology

## 1. Overview

Daily Active Users (DAU) for StaFi measures the count of unique user addresses that interact with the StaFi liquid staking protocol each day. This metric tracks user engagement by identifying addresses that either deposit tokens to mint liquid staking derivatives or unstake/withdraw their tokens. The calculation aggregates distinct user addresses per day across all StaFi protocol activities to provide a measure of daily user activity and protocol adoption.

## 2. Data sources

The DAU calculation uses the following raw blockchain data sources:
- **StaFi protocol events**: Parsed Ethereum event logs from StaFi smart contracts, specifically `TokensMinted` events from the RETHToken contract and `Unstake` events from the StafiWithdraw contract
- **Ethereum transaction data**: Block timestamps, transaction hashes, and log indices from Ethereum blockchain transactions containing StaFi protocol interactions
- **Event parameters**: User addresses extracted from event parameters (`to` addresses for minting events and `from` addresses for unstaking events)

## 3. Step-by-step calculation

### Component A: User activity extraction
- **Purpose**: Identify all user addresses that interact with StaFi liquid staking protocol
- **Logic**: Parse two types of StaFi protocol events from Ethereum blockchain. Extract depositor addresses from `TokensMinted` events emitted by the RETHToken contract when users mint liquid staking tokens. Extract withdrawer addresses from `Unstake` events emitted by the StafiWithdraw contract when users unstake their tokens. Each user interaction is classified by type - depositors who mint new liquid staking tokens and withdrawers who unstake existing positions.
- **Key fields**: User addresses from `to` and `from` parameters, `block_timestamp` for timing, `transaction_hash` and `log_index` for unique event identification, and `user_type` classification

### Component B: Daily aggregation
- **Purpose**: Group user activities by calendar day and count unique users
- **Logic**: Truncate block timestamps to day precision to align all transactions within the same calendar day. Apply distinct aggregation on user addresses to ensure each unique address is counted only once per day, regardless of how many transactions they performed.
- **Key fields**: `timestamp` truncated to day level, `user_address` for distinct counting, and metadata fields for chain and product classification

### Final aggregation
- **Combining components**: The user activity data flows directly into daily aggregation using timestamp truncation and distinct user counting
- **Currency conversion**: Not applicable for this user count metric
- **Time aggregation**: All user activities are grouped by calendar day using timestamp truncation to day granularity, ensuring users active multiple times per day are counted once
- **Final calculation**: Count of distinct user addresses per day across all StaFi protocol interactions (both depositors and withdrawers), representing the total daily active users engaging with the liquid staking protocol

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique revenue-generating users over a fixed 24-hour window.

StaFiFIS

Active users (daily)

Active users (daily)

Competitive landscape