DAFI Protocol and Polkamarkets enter into a strategic partnership to bring new reward mechanisms to gamified prediction markets.
The rising popularity of the prediction markets has opened many possibilities. With the integration of DeFi, information exchange has gained a wide exposure. Maintaining a growing appetite among market participants through incentives is very important to keep up with the growing demand, but it is something the current ecosystem lacks.
DAFI Protocol has joined forces with Polkamarkets to power the next-generation predictions market on the Polkadot Network. Our state-of-the-art Super Staking reward model can significantly contribute to the long term growth and mainstream adoption of this network by maximizing rewards while limiting excess supply.
DAFI and Polkamarkets to usher a new wave of network adoption through the integration of synthetic dTokens
Polkamarkets will integrate DAFI’s synthetic dTokens into its ecosystem to incentivize users. The autonomous prediction market protocol will employ our revolutionary technology to seamlessly distribute rewards in a demand-pegged model.
DAFI envisions creating a decentralized economy that can benefit $POLK users who are interested in the long term growth of the project.
By limiting the supply of native tokens with the introduction of synthetic dTokens, Polkamarkets will be able to decrease exposure to hyperinflation. The new mechanism will induce scarcity of tokens in circulation, reducing the impact of supply shocks and giving a stronger level of faith and security for market participants.
Polkamarkets incentivizes users who mine $POLK for the prediction markets via staking programs, which helps drive the long term utility of the network. Nonetheless, the current program requires a large quantity of tokens to be dispersed, creating short-term exit mechanisms that impact long-term holders.
According to Polkamarkets CEO Ricardo Marques, turning to DAFI Protocol was a must to lessen the impact on committed investors.
“Polkamarkets is excited to partner with DAFI to enable the possibility of synthetics into the Polkamarkets Ecosystem. As one of the most interesting projects in the DeFi ecosystem, DAFI is bringing new use cases for tokens and tokenization while solving a critical issue in the incentivisation model for many crypto-projects. Synthetic tokens are a new frontier and we are excited to see where this technology will lead us in the future,” said Marques.
With a wide range of use-cases of synthetic tokens, DAFI’s dToken will be seamlessly integrated into Polkamarket’s staking model to incentivize users for active participation in the Gaming and Prediction Markets.
Polkamarkets aims to adopt the new rewards model which will be a revolutionary step in the Prediction and Gaming Markets as this will immensely impart the value to long term users. Through the partnership, DAFI aims to boost the network’s adoption by unlocking the verticals of DeFi into the gaming industry.
Zain Rana believes that the broader spectrum of the gaming and prediction markets has huge underlying potential especially with the current rampant DeFi movement,
“The gaming and predictions market has witnessed incredible momentum and looks set for widespread traction. With the introduction of DAFI’s dTokens into the Polkamarkets’ ecosystem, we aim to redefine the reward distribution processes that can drive longevity and sustainability for future growth. We are excited to forge this journey with Polkamarkets by working towards integrating DAFI’s innovative staking model.”
About DAFI Protocol
DAFI reinvents how every decentralized network is rewarded. By creating synthetics pegged to different decentralized networks, every blockchain and cryptocurrency can create a dToken flavor to reward their early users while still enhancing scarcity when demand is low.
DAFI can reward a network even when demand declines by issuing synthetics that will reward user’s later — instead of earlier. This approach will change the foundation of all staking, liquidity, and even social reward systems for the entire decentralized world.
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About Polkamarkets
Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real-world events–in a decentralized and interoperable platform based on Polkadot.
Telegram: http://t.me/polkamarkets
Twitter: https://twitter.com/polkamarkets
LinkedIn: https://www.linkedin.com/company/polkamarkets/
Website: https://polkamarkets.com
