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DeFi Startup DAFI Raises $900k to Bring Synthetic Rewards to Blockchain Networks

DAFI, the first synthetic platform focused on rewarding users in networks based on their adoption, has successfully closed a $900k private round with participation by Rarestone Capital, Spark Capital, LD Capital, AU21 Capital, Amplifi, Twin Apex, Polymer Capital, SL2 Capital, and Moonrock Capital.

LONDON, UK / ACCESSWIRE / February 25, 2021 / DAFI Protocol empowers web3 and DeFi protocols with the ability to reward their early adopters and devoted users in the way that they are meant to be by giving protocols the power to distribute synthetic versions of their token as rewards to their early adopters in a truly elastic manner, based entirely on network demand correlation.

DAFI's game-changing feature is in its ability to translate network demand-volatility with token reward supply-volatility. This means that the number of token rewards in user wallets automatically increases or decreases based on real network demand. These supply adjustments, otherwise known as "rebases", seek to motivate supply-side network participants to help foster growth of real demand-side users instead of being focused on speculators and price, as well as help minimise the risk of supply shocks in the event of market downturns.

DAFI CEO and Co-Founder Zain Rana states, "DAFI is solving one of the markets most long-standed issues by incentivizing long-term participation by both projects and users using synthetic assets pegged to the demand of any network using oracles. We see this as a massive opportunity to help shape a more sustainable future for blockchain economies."

DAFI will be using the funds to further development of their platform and ecosystem of projects. The team will be announcing an upcoming public sale along with the launch of their first synthetic platform.

About DAFI

DAFI rewards longer-term users in every decentralized economy. DAFI is the first synthetic platform that will allow for the creation of dTokens tied to the adoption of the protocol. Dafi can reward a network even when demand declines, by issuing synthetics that will reward user's later - instead of earlier.

Website: https://www.dafiprotocol.io/
Medium: https://dafiprotocol.medium.com/
Telegram: https://t.me/dafiprotocol
Twitter: https://twitter.com/dafiprotocol
Litepaper: http://www.dafiprotocol.io/litepaper

CONTACT:

Name: Babar Shabir
Email: babar@dafiprotocol.io
Website: https://www.dafiprotocol.io/

SOURCE: DAFI



View source version on accesswire.com:
https://www.accesswire.com/631920/DeFi-Startup-DAFI-Raises-900k-to-Bring-Synthetic-Rewards-to-Blockchain-Networks

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