DAFI Reveals New Hybrid Exchange

TLDR: DAFI — The Internet of Trading & Staking

A brand new breed of exchange to open up the gates for the masses to enter the realm of DeFi.

• DeFi security and power — CeFi UX and familiar feel
• You control your funds — only you have access to your crypto
• No chance of rugpulls — every asset is fully collateralized 1:1
• New DAFI Utility — earn DAFI plus fees in all major tokens
• Super Staking for every project — unlock the true power of SS
• Refer your friends — get trading fees and reap rewards
• Q2 2023 — DeFi for everyone

The Start

Almost 2 years ago, we set out on our mission to reinvent protocol rewards. We introduced Super Staking, which revolutionized the way that rewards are distributed for protocols.

Super Staking gives massive benefits for new and nascent projects — it encourages long term holders and makes sure that they are properly rewarded, whilst countering inflation and creating a resilient, strong, and adaptable token economy.

It’s no secret that the tides of the crypto markets have created rough seas for a lot of projects — many nascent projects have delayed their launches, and many existing projects are finding new ways to survive the storm.

Super Staking was and is an innovative success — and it has formed an incredible basis for DAFI to build on. A new form of Super Staking will be implemented into the next stage of DAFI — but our next chapter is about so much more than that.

Like the token economies that we’ve created through Super Staking, DAFI is resilient, strong, and adaptable. We built during the last cycle. We built during the current cycle — and we’ll continue to build and innovate through the future cycles too. It’s time for DAFI to evolve.

The New Era

The first stage of DAFI was about supporting projects to have their own decentralized staking systems. The next stage of DAFI is about supporting the whole of DeFi.

Now more than ever, it’s clear that CeFi is a big problem and that DeFi is the solution. We’ve seen FTX and Celsius cause rifts throughout the whole of the cryptosphere — but they should never have had that much control.

UX is incredibly important. Newcomers to crypto first go to centralized entities because they have quick onboarding; they’re simple and easy to use. DeFi, whilst infinitely safer, can seem scary and difficult.

It’s time to change that narrative. We’re making DeFi easy and accessible for everyone, by merging the familiar feel that centralized exchanges give with the security and power that decentralized exchanges bring.

Introducing Web3’s First Hybrid Exchange.

Next Generation Trading

DAFI’s new innovation is a brand new kind of exchange that lets everyone unlock the power of DeFi without the need for wallets and seed phrases.

We’ve combined the speed & smooth feel of a centralized exchange with all of the best parts of the decentralized experience, blending them into an exchange that combines our brand-new multi-chain order-book aggregator, with AI algorithms, Super Staking improvements & an advanced form of multiparty computation (MPC).

The architecture we have built means that the onboarding experience is familiar for new crypto users who are used to using Web2 applications; who can now easily dive into DeFi and trade with all major trading pairs across multiple chains with full control.

To use our hybrid exchange, you sign up with your email and set layers of authentication, which creates a decentralized account in the background for you, and gives even more security than navigating DeFi by just using decentralized wallets because of our layers of authentication and use of MPC.

It’s an exchange built for mass adoption that can actually scale to onboard the masses into DeFi. There’s no steep learning curve, you don’t need to understand how to use wallets, or remember complicated seed phrases, and you still get all of the benefits of decentralized exchanges with supreme decentralized security and all assets backed 1:1. You’ll be able to on-ramp with crypto or just buy with fiat, and trade with new AI algorithms to give you the smoothest experience in staking, trading & buying.

Super Staking will also play a big role in the experience, with every project being able to create Super Staking pools for their token when they join on the DAFI hybrid exchange. This means that every user can tap into new Super Staking pools; and that projects can easily access a sustainable reward system to support their token economy; especially in these market conditions when the Super Staking solution is even more needed.

Every choice we’ve made is about your experience and your journey. You can even invite your friends to join via your dedicated URL and earn fees generated from their usage of the platform. Projects can also leverage this feature to bring new revenue to their treasury from exchange fees — it’s like having your very own exchange.

This is the first platform that gives complete user ownership to you, whilst having the feel and user experience of CeFi platforms — just without any of the bad parts.

Upgraded Utility for $DAFI

With an upgraded vision for the future, this also means upgraded $DAFI token utility. The majority of trading fees generated on DAFI’s hybrid exchange are given to DAFI Super Stakers — so you can stake one token and earn many.

This means that as well as upgrading Super Staking to V2.1, we’ll be bringing a new utility so that by staking $DAFI, you’ll earn DAFI as well as from the exchange fees that come in ETH, USDT, BNB & more, giving you exposure to a wide range of tokens and making Super Staking even more rewarding.

We are achieving these improved yields by introducing a new and upgraded Super Staking architecture that further favours longer-term holders and rewards them exponentially.

Launch & Lift-off

We’ve already been building strongly for several months to bring about this new DeFi experience, with accelerated advancements on the development of the hybrid exchange completed already.

• Testnet — May 2023.
• Mainet — June 2023.
• DeFi revolutionized — forever.

DAFI’s website and branding will also undergo a huge revamp to bring our vision for a united DeFi together, with a sleek new and changed look to match the change we are bringing to the industry. We’re just getting started.

About DAFI

DAFI — The Internet of Trading & Staking.

To learn more about DAFI Protocol, please follow us on Twitter and keep an eye on the Medium news page for new announcements. Don’t forget to join the vibrant community on Telegram.