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SFT Protocol Review 2026: Filecoin Staking and DePIN Plans

SFT Protocol is a Filecoin-based liquid staking project that also pitches a 'Chain of Chains' DePIN platform for storage, compute and CDN. Its TVL is small and no audits are listed, so treat it as a high-risk, early-stage product.

Filecoin

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

4.2/10

Weak

Visit SFT Protocol

Our verdict on SFT Protocol

4.2/10

SFT Protocol suits experienced users who want speculative exposure to Filecoin liquid staking and DePIN themes and are comfortable with small, unaudited projects. Its main strength is the clear pairing of staking derivatives with infrastructure services on Filecoin. The main caveat is weak evidence of traction: TVL is small, no audits are listed, and fees and reward terms are not published. Read the documentation closely and keep any position small.

Score breakdown

How SFT Protocol scores

Security: 3.0/10
Ease of use: n/a
Fees: n/a
Features: 5.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is SFT Protocol?

SFT Protocol is a project on Filecoin that combines liquid staking derivatives with a broader DePIN, or decentralized physical infrastructure, vision. Its own description calls SFT Chain a 'Chain of Chains' that bridges physical infrastructure with Web3, with storage, computing and edge CDN as the focus.

One third-party profile describes it as an unfunded company based in Singapore, founded in 2022, operating as a liquid staking derivatives platform. It has been tracked since April 2023 and has an associated SFT token.

Adoption looks modest. Tracked TVL was about $121,659, and a separate snippet cites a steep decline over 30 days. No audits are listed. The project's wider messaging, from DePIN to Web3 sports tie-ins, is ambitious compared with its on-chain footprint.

How SFT Protocol works

Liquid staking lets a holder lock an asset to earn staking rewards while receiving a tradable token that represents the stake. SFT Protocol is described as applying this model on Filecoin, using the Filecoin Virtual Machine so that the derivative token can be used in smart contracts.

Beyond staking, the project positions SFT Chain as a 'Chain of Chains' for DePIN, which covers decentralized physical infrastructure such as storage, computing and edge CDN. The idea is to tie real hardware services to on-chain activity.

The detailed contract design, reward source, redemption process and how the DePIN side connects to staking are not set out in the material reviewed. Readers should consult the documentation for those specifics.

6 features

Key features

Filecoin liquid staking

The protocol is described as merging liquid staking derivatives with the Filecoin Virtual Machine to improve liquidity, flexibility and efficiency for staked FIL.

DePIN platform

The project says it integrates decentralized physical infrastructure, including storage, computing and edge content delivery, into a blockchain platform.

Chain of Chains concept

The 'Chain of Chains' idea is presented as a way to connect chains and make assets and data move between networks.

Storage and privacy compute

Project materials mention privacy computing and data set services alongside storage as part of the hardware-focused offering.

DAO and community

The project describes itself as a DePIN DAO, with a community channel for engaging with the team and other holders.

Sports ecosystem ties

A 2025 announcement links the SFT DePIN's compute, CDN and storage services to a partnership with Atleta Protocol in Web3 sports.

Pros and cons

What we like

Targets Filecoin, where liquid staking has a clear use case for FIL holders
Combines staking with a DePIN narrative covering storage, compute and CDN
Has been tracked since April 2023, so it is not brand new
Publishes documentation and runs a community channel
Has its own token, SFT, for ecosystem participation

Watch out for

Total value locked is small, in the low six figures, and one tracker snippet shows a sharp 30-day decline
No audits are listed for the protocol
Fees, reward rates and redemption terms are not published in the material reviewed
The project's scope spans liquid staking, DePIN, a chain and sports ties, which makes its focus hard to pin down
The company is described as unfunded and Singapore-based, and no named team members are published
Exposure to a single chain, Filecoin, and to the SFT token's market risk

SFT Protocol fees

The protocol does not publish fees in the material reviewed. Liquid staking products commonly take a share of staking rewards and may charge for redemption or unstaking, but SFT's actual terms are not stated.

Users would see any fee on the staking interface and in the documentation. You will also pay network gas on Filecoin when you stake or redeem.

Is SFT Protocol safe?

No audits are listed for SFT Protocol, so smart-contract risk is unquantified. Liquid staking adds layers of risk: contract bugs, derivative token depegs and liquidity shortfalls when many users redeem at once. With TVL in the low six figures, exit liquidity may be thin.

The team behind the project is not named in the material reviewed, and one profile describes the company as unfunded. Custody details, admin keys and any incident history are not published there. Do your own research and only commit funds you can afford to lose.

6 steps

How to get started with SFT Protocol

1
Read the documentation to confirm what the staking product offers and how the SFT token is used.
2
Set up a Filecoin-compatible wallet that works with the Filecoin Virtual Machine.
3
Check the official channels for the current app address and avoid unofficial links.
4
Review the fee, reward and redemption terms shown in the interface before depositing.
5
Start with a small test amount and confirm you can withdraw before committing more.
6
Monitor TVL and project updates, since liquidity is thin.

Open SFT Protocol

Who SFT Protocol is for

SFT Protocol is for crypto users who already hold or follow Filecoin and are curious about liquid staking and DePIN projects. It fits people who accept high risk and can read technical documentation. It is not well suited to anyone who needs audited contracts, deep liquidity or clearly published fee terms.

SFT Protocol FAQs

What is SFT Protocol?

SFT Protocol is a project on Filecoin that combines liquid staking derivatives with the Filecoin Virtual Machine. It also describes a wider 'SFT Chain' vision that links physical infrastructure such as storage, computing and edge CDN with Web3.

Does SFT Protocol have a token?

The protocol is listed with the SFT token. Its documentation and community channels are the places to confirm current utility, supply and where the token trades.

Which blockchain does SFT Protocol run on?

Yes. The protocol is tracked on Filecoin, which is the only chain it is listed on. The wider 'Chain of Chains' idea refers to connecting other networks, but public sources show only Filecoin deployment.

Is SFT Protocol safe?

No audits are listed for it, and the project's fees and risk disclosures are not published in the material reviewed. Combined with a small TVL, that makes it a higher-risk choice. Only use funds you can afford to lose and read the documentation first.

How big is SFT Protocol?

Tracked TVL was about $121,659 at the time of the data, with a 3.2% drop over seven days. A separate snippet cites $130,177 and a 78.4% fall over 30 days. Either way, the figure is small.

What yield does SFT Protocol pay?

Reward rates, fees and withdrawal terms are not published in the material reviewed. Check the documentation and the app's staking interface before depositing.

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