Decentralized Finance (DeFi) is growing both in value collateralised, and true use-cases. Datify introduces an evolved form of DeFi, which could also be adopted by future/existing DeFi protocols.
1 $DAFI token.
Instead of the borrower paying high interest fees, DAFI enables anybody to borrow with low-to-zero fees. DAFI is the core token of the Datify protocol.
2 DeFi, envisioned differently.
Normally, when you lend tokens, you receive interest. $DAFI functions differently. When it is loaned, it is then staked in the Datify protocol. This generates a supply-elastic reward, called DFY.
The issuance of DFY’s are made to replace fees. The unique trait of DFY-rewards are that they are elastic. To put simply, when the volume/issuance of DFY’s increases, so does the available supply. This creates a DeFi protocol which scales proportionally to the demand of the protocol, without inflating/diluting.
3 A new economy.
Datify achieves the following traits –
Incentivizing liquidity with an inflation-proof design
Scale as the volume/demand increases