stFOGO
stFOGO (short for “staked FOGO”) is Brasa’s liquid staking token (LST) that represents your staked FOGO in the Brasa pool. Each stFOGO token is fully backed by staked reserves, automatically compounds rewards, and is composable across the Fogo DeFi ecosystem.
Key Properties
Fully Backed
Every stFOGO token is backed by staked FOGO in the Brasa staking pool. Your tokens represent a real claim on staked assets that are actively earning rewards from Fogo validators.
Auto-Compounding
Unlike traditional staking tokens that maintain a 1:1 peg (e.g. stETH on Ethereum), stFOGO automatically accrues rewards, meaning its value increases over time relative to FOGO (similar to how Solana LSTs like jitoSOL, mSOL or jupSOL work). Each stFOGO represents a share in the pool that steadily grows as staking yield is earned.
For example:
- Today: 1 stFOGO = 1.05 FOGO
- One month later: 1 stFOGO = 1.08 FOGO
- Six months later: 1 stFOGO = 1.20 FOGO
The exchange rate increases as the underlying staked FOGO earns rewards, which are automatically reflected in the value of your stFOGO holdings.
Composable & Redeemable
stFOGO is a standard SPL token, making it fully composable in DeFi applications and redeemable at any time through multiple methods (see Fees & Unstaking).
DeFi Integrations
stFOGO’s composability unlocks multiple ways to generate additional yield on top of your staking rewards:
Decentralized Exchanges
Use stFOGO on DEXes such as Valiant to:
- Trade positions: Buy or sell stFOGO based on market conditions
- Arbitrage the peg: Profit from price discrepancies between stFOGO and FOGO
- Earn LP yield: Provide liquidity to stFOGO/FOGO pools and earn trading fees on top of your staking yield
Lending Platforms
Leverage stFOGO in lending protocols such as Pyron and Fogolend to:
- Cheaper FOGO borrowing: Use your stFOGO as collateral so your staking yield offsets borrow costs
- Yield looping: Borrow FOGO against stFOGO, stake it for more stFOGO, and repeat to amplify your staking yield exposure
Future Integrations
The Brasa ecosystem is continuously growing with new DeFi integrations. As more protocols adopt stFOGO, additional utility and yield opportunities will become available.