About DAFI Protocol
Dafi creates synthetics to reward networks, for long term users Dafi solves the biggest issue within decentralized economies - by rewarding users later, instead of earlier.
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Trading Insights
Searched
1
Market Stats
Market Cap
$582.05K
FDV
$1.15M
Circ. Supply
1.1B DAFI
Max Supply
2.3B DAFI
Total Supply
2.3B DAFI
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$28.78K
19.9%
Volume (7D)
$213.91K
Volume (30D)
$760.09K
All time high
$0.21
Price Change (1Y)
-8.62%
Additional details
Market details
DAFI vs markets
↘ 47.15%
DAFI vs BTC
↘ 45.33%
DAFI vs ETH
↘ 43.71%
Tags
defi
dao-maker
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xFc979087305A826c2B2a0056cFAbA50aad3E6439 | |
Polygon | 0x638Df98Ad8069a15569dA5a6b01181804c47e34c | |
BNB Smart Chain | 0x4e0Fe270B856EeBb91Fb4B4364312be59F499A3F |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000501 | ↘ 0.68% |
1 Day | $0.000501 | ↘ 0.68% |
1 Week | $0.000507 | ↗ 0.04% |
1 Month | $0.000558 | ↘ 9.26% |
1 Year | $0.000555 | ↘ 8.62% |
FAQ
With DeFi, DAFI primarily aims to address three issues, which include:
To solve such issues, DAFI aims at sustainable adoption by introducing a model where reward quantity is tied to network demand. There are three core economic principles behind this. The first is reducing the number of network rewards at the beginning to avoid supply shocks and single user control of network value. Secondly, increasing the issued tokens as adoption rises, thus linking two market-factors to promote the growth of decentralized economies. And ultimately, increasing scarcity when demand declines to protect the economy by avoiding over-release of tokens.
Using DAFI, other protocols and platforms can create a reward system from their native token. It is then pegged or attached to the demand of the network and eventually distributed to users. As a result, users can seek to gain incentives to use the platform even at low adoption rates.
The whitepaper states that DAFI offers a way to create scarcity by making reward quantity proportional to demand. Users can stake the DAFI token for governance purposes and help create further incentives for future users.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#4771
Contributors
1
Posts
1
% About DAFI Protocol
0.001%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
0.0 ★
Highlights
1 unique individuals are talking about DAFI Protocol and it is ranked #4,771 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, DAFI Protocol has an average sentiment score of 0.0 out of 5. Finally, DAFI Protocol is becoming less newsworthy, with 0 news articles published about DAFI Protocol.
On Reddit, DAFI Protocol was mentioned in 1 Reddit posts and there were 19 comments about DAFI Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.