Konomi Network Partners with DAFI

Published on: 12.06.2021

Konomi Network and DAFI Protocol are partnering to integrate DAFI’s synthetics protocol into Konomi’s staking platform, enabling synthetic token incentivization for Konomi token holders.

This collaboration with DAFI unlocks numerous valuable use cases that will benefit Konomi token holders.

Konomi will create the flavor of synthetic dKONO tokens that can help limit token supply and reward users for their long-term commitment of aligning with Konomi’s vision.

 

About DAFI Protocol

DAFI 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. DAFI can reward a network even when demand declines by issuing synthetics that will reward user’s later — instead of earlier. This approach will change the foundation of all staking, liquidity, and even social reward systems for the entire decentralized world.

 

About Konomi Network

Konomi is a decentralized money market protocol built using Polkadot’s Substrate. Konomi is working to provide active money markets across the entirety of the Polkadot ecosystem, as well as expand and integrate into cross-chain networks. By introducing a fluid market for cross-chain crypto assets, Konomi hopes to provide an overall better user experience that is accessible regardless of the native network the end user prefers.

 

➡️ FULL DETAILS:

https://konomi-network.medium.com/konomi-network-partners-with-dafi-to-enable-synthetic-token-rewards-6d16626b4a69

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