Polkamarkets Incorporated With Dafi Protocol
A DeFi-Powered Prediction Market built for cross-chain information exchange and trading, Polkamarkets is now officially partners with Dafi Protocol. Dafi creates synthetics to reward networks, for long term users. The DAFI token is staked for synthetic dDAFI, each pegged to the demand of the protocol.
“Polkamarkets is excited to partner with DAFI to enable the possibility of synthetics into the Polkamarkets Ecosystem. As one of the most interesting projects in the DeFi ecosystem, DAFI is bringing new use cases for tokens and tokenization while solving a critical issue in the incentivization model for many crypto-projects. Synthetic tokens are a new frontier and we are excited to see where this technology will lead us in the future.” — Ricardo Marques, Polkamarkets CEO.
Polkamarkets will integrate DAFI’s synthetic dTokens into its ecosystem to incentivize users. The autonomous prediction market protocol will employ our revolutionary technology to seamlessly distribute rewards in a demand-pegged model.
“The gaming and predictions market has witnessed incredible momentum and looks set for widespread traction. With the introduction of DAFI’s dTokens into the Polkamarkets’ ecosystem, we aim to redefine the reward distribution processes that can drive longevity and sustainability for future growth. We are excited to forge this journey with Polkamarkets by working towards integrating DAFI’s innovative staking model.” — Zain Rana, Dafi CEO.
Polkamarkets incentivizes users who mine $POLK for the prediction markets via staking programs, which helps drive the long term utility of the network. Nonetheless, the current program requires a large quantity of tokens to be dispersed, creating short-term exit mechanisms that impact long-term holders.
ABOUT Dafi Protocol
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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