Dafi is committed to maintain transparency, creating a solid foundation between the entire community. In this first report, we will be sharing an overview of the recent TGE, token statistics, community growth, and network adoption in the industry.
This data-backed report will further the trust and confidence in the community. We will explore the last four weeks since the DAFI listing, as well as key milestones & achievements.
The DAFI TGE
To begin, we will analyse the DAFI Public Sale. This was on the 16th of March and coordinated by DAO Maker’s Strong Holder Offering model.
During the sale, it’s fair to say DAFI gained a humbling level of interest. With over 100,000 submissions, and 3417 staking applicants committing $86.5M in value to participate. During the sale over $90,000 was actually raised in one minute. DAFI set a completely new record on the platform for all previous DAO Strong Holder Offering.
It is inspiring to start this long journey on such momentum, while setting records are motivating for everyone — they’re only the beginning.
CEX Listing and Pre-Staking program
Following the sale, DAFI was listed on AscendEx (formerly Bitmax) on the 17th of March. Following this, we successfully launched the DAFI pre-staking programme the next day. The explosive growth in DAFI users locking their tokens for ~20% APR, created record-shattering statistics on the exchange.
The staking programme has been a huge success, recording new users daily, and more than 2100+ unique holders delegating 46.4M of DAFI, which is equal to $5,000,000 in value. The graph below displays this growth:
This has locked over 21% of the entire network’s circ. supply in staking. To put this in perspective, this is more than half of the entire private & strategic sales unlocked amount. It is also a greater quantity than what was allocated for the public sale in March. Further displaying the longer-term support from our users. It’s also interesting to note that DAFI on-chain staking for synthetics is currently under development and will be launched in the coming months.
Pre-staking: Start here
AscendEx pair: DAFI/USDT
Uniswap pair: DAFI/ETH
DAFI token statistics
DAFI is making significant progress on the market and we are glad to share some analytical data on token usage and adoption.
Today there is already 2507 DAFI holders who have made 13,968 token transfers so far. This does not include the number of unique DAFI holders staking on AscendEx, which further amounts to 2100+ additional users.
The liquidity pool on Uniswap currently amounts to more than $1.3M in liquidity. The global trading volume for DAFI is $3.8M per day on average.
The circulating supply today is 214,740,000 (9.7%) and the next unlock will slightly increase the supply to 247,548,029 (11%) on April 17th.
The DAFI family is growing, with 23,000 members on Telegram and 28,000 on Twitter. This is a growth of 380% and 290% respectively since the start of March. On average each Twitter post has averaged a reach of around 120k impressions.
DAFI Ecosystem Adoption
Since launching last month, many prominent partners have started exploring the long term adoption of DAFI synthetics. The primary adoption-focus is to create more robust staking & social rewards which are tied to each network’s own adoption.
The need for this, has been long-realised in the decentralized world. We’re glad to highlight some of the partners and their reasoning for backing DAFI.
We joined forces with API3 on the 18th of March to explore their oracles and synthetic rewards. Heikki Vänttinen, co-founder, API3 —
“Providing DAFI with access to API3’s variety of Airnode-enabled APIs and dAPIs will allow projects to create dTokens tailored exactly to their specific needs. We hope that the especially strong benefits of this for projects in their early stages, where adoption and community participation are less certain, will help improve the blockchain space as a whole.”
The following Tuesday March 23rd. We partnered with Bridge Mutual to create dBMI rewards to maintain a long-term staking in their decentralized risk coverage platform. Mike Miligo, CEO of Bridge Mutual —
“Dafi protocol solves dual issues of hyperinflation and network adoption. Their innovative idea of using synthetics to reward users later, rather than earlier, would be great for platforms like Bridge Mutual. This is why we’re keen on exploring if Bridge Mutual’s platform could use a synthetic version of our native tokens for staking rewards and other use cases.”
In our second week, we solidified further partnerships, including DAO Maker, a prominent launchpad in the DeFi industry, after conducting our own SHO they joined forces with us to explore the salient features of DAFI synthetic tokens across their entire ecosystem of projects. Christoph Zaknun, CEO DAO Maker —
“We were impressed by Dafi’s expansive vision of changing the way DeFi and blockchain economies work. That is one of the reasons we ensured they had their SHO on our platform. By tying synthetics to underlying tokens, DAFI has invented a completely new way to tackle inflation and stimulate network adoption. We’re delighted to now partner with DAFI to use their innovative idea in our rewards program for staking, liquidity, and network adoption.”
Some reputable and progressive VC’s like Spark Digital Capital, Twin Apex, Polymer Capital, Moonrock Capital, and MorningStar Ventures supported and backed their long-term vision in supporting DAFI, and what it means for the future of every single decentralized network.
What is next?
We will be upgrading the token security system over the coming week, with an upcoming product launching very soon too. Meanwhile, we are actively working on further expanding the DAFI Protocol ecosystem.
Stay updated to see what is coming next.
DAFI creates synthetics tied to different decentralized networks. Every blockchain, application, and cryptocurrency can create a flavour of a dToken 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.