SHUI CFXPrice

(SCFX)

SHUI is a liquid staking protocol built on the Conflux Network. It enables users to earn staking rewards on their CFX tokens without the traditional lock-up periods associated with Proof-of-Stake (PoS) consensus. When users stake their CFX through SHUI, they receive sCFX tokens. These tokens represent the user's staked position and automatically accrue rewards over time. Unlike traditional staking, SHUI provides liquidity, allowing users to participate in the ecosystem while their assets continue to earn yield.

CFX is the native utility token of the Conflux Network, primarily used for gas fees and governance. In contrast, sCFX is a "liquid" staking derivative. While native staking often requires locking tokens, sCFX stays in your wallet and remains fully transferable. Furthermore, sCFX is designed to appreciate in value relative to CFX as staking rewards accumulate within the protocol. This allows holders to maintain exposure to the Conflux ecosystem while enjoying the flexibility to use their assets in various decentralized applications.

To stake, users connect a supported wallet, such as Fluent or MetaMask, to the SHUI Finance platform on the Conflux eSpace. After entering the desired amount of CFX, the user confirms the transaction to receive sCFX. One of the primary advantages of SHUI is accessibility. While native Conflux PoS staking typically requires a minimum of 1,000 CFX to participate in voting, SHUI allows for staking with significantly smaller amounts. This lower barrier to entry makes it an ideal solution for retail users looking to earn rewards.

Users have two primary methods to exit their staking positions. The first is a "Standard Unstake" through the SHUI dApp, which follows the Conflux Network's protocol-level cooling-off period. Once this period concludes, the CFX is returned to the user. Alternatively, for those requiring immediate liquidity, sCFX can be traded back to CFX through decentralized exchanges like Swappi or via supporting trading platforms. While the instant swap provides immediate access to funds, users should be aware of potential price impacts depending on market liquidity.

sCFX is designed for high utility across the Conflux eSpace. It can be used as collateral in lending protocols, allowing users to borrow other assets against their staked position. Additionally, it serves as a liquidity source in decentralized exchange pools, such as the sCFX/WCFX pair on Swappi. Beyond standard DeFi, sCFX is integrated into ecosystem-specific initiatives, including those involving the Hong Kong Dollar stablecoin (AxHKD). Users can also find sCFX supported on major exchanges like LBank.

Security is a top priority for the SHUI protocol. The smart contracts have undergone professional audits by Salus Security to identify and mitigate potential vulnerabilities. However, as with all liquid staking protocols, users should be aware of certain risks. These include smart contract risks common to decentralized finance, the potential for "de-pegging" where the market price of sCFX deviates from its underlying value due to liquidity fluctuations, and slashing risks related to the performance of the underlying Conflux PoS validators.