DAFI partners with Royale Finance — Gaming Rewards
We’re excited to announce that DAFI has partnered with Royale Finance to create dRoya synthetics for iGaming incentives.
Royale Finance is an innovative DeFi start-up focusing on the highly lucrative gaming industry. DAFI creates synthetics to reward long-term users in a network. By distributing synthetics tied to network-adoption, users are rewarded later when network consumption has risen. This will spur long-term adoption and better inflation models.
Royale Finance is a cross-chain liquidity and technology solution for iGaming start-ups that leverage decentralized finance (DeFi) capabilities. It aims to combine DeFi with iGaming, essentially addressing security and trust loopholes in online gaming while making it easier for game developers and entrepreneurs to access liquidity.
Through this partnership, Royale Finance will be creating synthetic dTokens for their entire eco-system. The dROYA will be used throughout staking, bounties, liquidity, and other network incentives.
Synthetics tied to adoption
DAFI protocol creates a relationship between network rewards and network adoption, by releasing dTokens that are tied to network consumption. Dafi’s mission is to introduce a completely new inflation model, so every decentralized economy can incentivize in proportion to their own adoption metrics.
Through this collaboration, Royale Finance will deploy their own dRoya tied to the Royale network demand — meaning that their token scarcity has been drastically improved, as well as their entire tokenomics.
Synthetic dROYA is tied to adoption
The synthetic dROYA will be pegged to the underlying ROYA token ensuring the network demand always controls the emission of the token rewards. This will be crucial during times of lower network demand to help control hyperinflation.
Typically, distributing a large quantity of ROYA tokens would be done without any link/relativity to the market demand. It can very easily create an excess supply and supply-shocks (a model designed for short term participants, but considered the norm in decentralization). Tokens are distributed chaotically to staking participants, liquidity providers, platform developers, which floods the market with native tokens — devaluing the entire network due to an excess supply.
However, by creating synthetic dROYA which changes its quantity relative to the network demand, Royale’s network can control the token scarcity and inflation. So when there is low demand, the network protects itself by releasing dRoya in a lower quantity, which still incentivizes participants.
However, the advantage to dRoya users is that during higher demand e.g. increased transactions, token price etc, their rewards would have increased itself. This kind of automated elasticity of none-tradeable synthetics will help rein in hyperinflation, increase network adoption, reward longer term participants.
“Royale Finance is expanding into a massive market that has been relatively new to the crypto industry. DeFi could potentially spark a colossal change within the gaming industry, especially given the move toward in-game purchases by most developers. This makes Royale well-positioned, in a promising market. With DAFI’s partnership and the exploration of adding synthetics to their iGaming and network incentives, Royale Finance takes one step closer to that goal” — Zain Rana (Founder of Dafi)
“DAFI Protocol has big ambitions, just like us; but their mission of reinventing the blockchain economy could have far-reaching effects. DAFI’s concept of synthetics pegged to network demand could drastically accelerate decentralized adoption. We are thrilled to explore adding our own flavour of dToken’s into the Royale eco-system for our user incentives. We believe the partnership will be beneficial to both the projects as we trade ideas and innovative solutions for the progress of the blockchain ecosystem.” — -Giorgio Andrews (Royale Finance CEO)
About DAFI
DAFI enables users to be rewarded better in their decentralized networks. Every blockchain, application, and cryptocurrency can create a flavour of a synthetic dToken to reward their early users, while still enhancing scarcity when demand is low — by expanding the dToken quantity itself, when demand rises. DAFI can reward a network even when demand declines, by issuing synthetics that will reward user’s later — instead of earlier.
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About Royale Finance
Royale Finance is a cross-chain liquidity and technology solution for iGaming start-ups that leverage decentralized finance (DeFi) capabilities. Royale Finance aims to bridge the gap between what DeFi and iGaming can offer, helping the industry’s image while opening up profit potential to investors.
