DAFI Protocol Development Update
Our galaxy-class developers, academics, and industry experts continue building on the DAFI thesis regardless of the market conditions. We’re focused and dedicated to reshaping the crypto universe by translating network demand-volatility into token supply-volatility.
Our main goal is to strengthen new and existing decentralized economies through a more robust and elastic token distribution model that lessens the impact of low network activity. 💥
We’re making significant strides toward improving our Staking 2.0 plug-and-play economic module by adding unique features to benefit adopters as well as users. The upcoming Super Staking V2.1 enhances rewards for long-term hodlers and adds deflationary properties to any decentralized network.
💎🙌 Locked-In Period
We want to incentivize long-term holders with greater rewards for their commitment to the protocol. Users will have the ability to select their locked-in period in Super Staking V2.1.
The longer you decide to stay in a SuperPool, the higher the APY multiplier would be for your dTokens. Therefore, those who commit to the network for an extended period are guaranteed extra incentives.
This model helps build a community of strong hands, consequently reducing the risks of supply shocks and spiraling reflexivity events.
💰💫 Unique Multiplier
The longer you commit to the protocol, the higher rewards are distributed.
For example, users who stake for one month may receive a Potential APY of 80% while those who stake for two years may receive a Potential APY of 160%.
The exact multiplier values are yet to be revealed, but they follow the same model — the longer you choose to lock up your $DAFI tokens, the higher APY you receive.
🪙🔥 Token Burning
Super Staking V2.1 implements a token burn mechanism that removes part of the circulating supply forever to make tokens scarcer. Essentially, it penalizes users who exit the network earlier than anticipated by burning a portion of their staked tokens.
Tokens are transferred to a burn contract where they can’t be retrieved. This is the first step toward reshaping the cryptocurrency universe into a deflationary financial system, which starts from the staking protocol first.
Protocols that want to adopt our synthetics dTokens technology also benefit as they integrate a deflationary Staking 2.0 system with even more rewards for hodlers.
❗️Important: We’re currently developing the different features that will be added to Super Staking V2.1. Please keep in mind that these upgrades are subject to audits, so a release date won’t be scheduled until we can guarantee that the protocol is working as desired.
We appreciate your support and patience throughout the development process. We’re doing our very best to build a dynamic incentive program that implements a self-sustainable token economic engine.
To learn more about DAFI Protocol, please follow us on Twitter and keep an eye on our Medium news page for new announcements. Don’t forget to join our vibrant community on Telegram. ✅
