The Mount fuji ascent continues, and the trip becomes even more interesting and exciting with new partners joining the adventure like DAFI Protocol the service that reinvents the way every decentralized network is rewarded a truly novel way to look at Defi.
- DAFI Protocol and Kattana are partnering to introduce a new staking model for the Kattana ecosystem.
- The new model will issue network pegged synthetic tokens dKTN token.
These synthetic tokens are designed to be algorithmically pegged to the demand for $KTN.
Some possible benefits of dKTN
Kattana’s native token $KTN is used inside the platform, as one of the available funding plans for the terminal. With the use of, dKTN which will be distributed based on the market dynamics such that an increase in demand is met with an increase in the regulated amount of these synthetics. The all-around trading platform will be able to create an ecosystem where users are better rewarded depending on their contribution to the network all whilst promoting sustainability.
Kattana can issue network pegged synthetics on top of the native token, $KTN. dKTN tokens are designed to increase or decrease in quantity algorithmically based on the network adoption, incentivizing the users by shifting reward mechanisms from short-term to long-term. These synthetics can later be burnt for the $KTN, changing the way decentralized economies are governed.
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.
Kattana is a cutting-edge trading terminal that allows traders to access cutting-edge DeFi and DeFi tools. In addition, our platform introduces professional tools and charts into the DeFi space, giving users of our platform an advantage during trading and allowing them to unleash their full potential. Kattana allows traders to trade in over 40 decentralized exchanges bringing in features such as high-quality charts that could completely revolutionize DeFi.