DAFI PROTOCOL COLLABORATES WITH CHAINLINK TO POWER NEW INCENTIVIZATION MODEL FOR DEFI PROTOCOLS.
DAFI Protocol is pleased to announce a collaboration with Chainlink. Cryptocurrency Data Feeds will be crucial for DAFI to price all synthetic dTokens offered through its state-of-the-art reward distribution mechanism and obtain volume data from a variety of blockchains and APIs. Chainlink will ensure DAFI provides a reliable service for DeFi projects looking to create a long-term token distribution model that rewards early participants without the pitfalls of hyperinflation.
About Chainlink
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
About DAFI Protocol
DAFI Protocol 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.
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