The v1.0 DAFI protocol MVP is now functional and ready to use by the public here.
This is DAFI v1.0
The DAFI MVP measures the market demand & volatility, and adjusts the availability of the DFY-reward quantity proportionally. The DAFI token is staked for elastic-DFY rewards — which are pegged to DAFI’s own demand. This is the mechanism in which the DAFI protocol creates demand-pegged inflation, to change the models within DeFi and Blockchain’s, forever.
The DAFI protocol MVP uses a price-oracle to feed key-information from the market. Currently, the actual DAFI token is not available to the public. For this reason, a Bitcoin-oracle is used in the MVP. (You can sign-up to be notified first, on the DAFI Token exchange listing here).
You can interact with the DAFI MVP every day, and see the intermediary, synthetic DFY’s changing their quantity, as they’re pegged to Bitcoin’s changing price. The quantity of ‘testnet DFY’ changes across all wallets to match it’s availability to the market demand.
For an easy comparison, try starting the MVP, and toggling the DFY button on the right to switch between BTC and DFY.
The team behind the DAFI protocol have developed numerous things over the past two years. It is anticipated that a v2.0 MVP is released in February.
This will allow you to create your own DAFI account, connect your ETH wallet, and create synthetic, demand-pegged versions of tokens you already own. This will likely come near the long-anticipated DAFI exchange listing.
Functional DAFI staking for synthetic rewards — DAFI.Finance, will be launched for the public in Q2 2021. A crucial milestone in the protocol’s upcoming future.
If you haven’t already, be sure to read the newest Datify Litepaper here.
DAFI. DeFi, reinvented.