POLKAMARKETS PARTNERS WITH DAFI TO ENABLE SYNTHETIC TOKEN REWARDS.
Polkamarkets has partnered with DAFI Protocol to enable synthetic token incentivization! This partnership will help to explore the possibility of using DAFI synthetic tokens in our Prediction Markets platform. We’ll use DAFI synthetic tokens as a reward system for long-term users of Polkamarkets. DAFI synthetic tokens open up a world of use-cases for projects in the early, mid, and late stages of product development. For early-stage projects, the use of synthetic tokens for community incentivization and marketing is useful for gaining traction while keeping initial inflation and circulating supply low. Early projects can issue synthetics that protect early adopters from dilution while getting newcomers into the project. Instead of distributing more tokens to the markets and potentially increasing sell-pressure, projects can issue synthetics.
About DAFI
DAFI uses synthetics pegged to different decentralized networks. Every blockchain, application, and cryptocurrency can create a flavor of a dToken to reward their early users, while still enhancing scarcity when demand is low.
About Polkamarkets
Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real-world events–in a decentralized and interoperable platform based on Polkadot.
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