DAFI Protocol Thrilled To Announce The Latest Partnership With Litentry

DAFI Protocol thrilled to announce the latest partnership with Litentry, a cross-chain Decentralized Identity (DID) Aggregator. Both teams will delve into the integration of DAFI’s smart synthetic tokens into Litentry’s cross-chain identity computation service. The collaboration aims to provide enhanced possibilities for long-term users for both crypto projects.

-DAFI Protocol and Litentry are partnering to introduce identity-based staking models for the DID and DeFi ecosystem.

-The new rewards distribution program will issue dLIT tokens to $LIT users.

-These smart synthetic dTokens are designed to be algorithmically pegged to the demand of $LIT

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.

Our mechanism rewards a network even when demand declines by issuing synthetics that will reward users 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 Litentry

Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID indexing protocol and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.