English
Arabic
Chinese (Simplified)
Indonesian
Russian
- DeFiChain’s founder Dr. Julian Hosp proposes DFIP to spice up DFI token worth and demand by over $1 million.
- The proposal contains wrapping DOT, SOL, and MATIC on DeFiChain.
- Staking main cryptos (ETH, DOT, SOL, MATIC) goals to earn $1 million in rewards.
DeFiChain founder Dr. Julian Hosp has put ahead a strategic proposal to spice up the worth of the platform’s native token, DFI, and drive substantial demand of over $1 million.
The proposal, known as the DFIP (DeFi Enchancment Proposal), revolves round bolstering the utility of DFI whereas concurrently producing shopping for stress. It entails a number of strategic steps, every meticulously designed to propel the DFI token into larger demand brackets.
Firstly, Dr. Hosp suggests the wrapping of assorted stakable cryptocurrencies, similar to DOT, SOL, and MATIC, into the DeFiChain decentralized alternate. He famous no additional rewards could be given however the usual 0.2% swap price. Nonetheless, the founder means that the inclusion of those tokens would generate potential demand for DFI by tapping into the intensive consumer bases of those cash.
One other essential side of the proposal entails staking 90% of outstanding cryptocurrencies, similar to ETH, DOT, SOL, and MATIC, resulting in rewards totaling round $1 million. Half of those rewards could be utilized to buy and burn DFI tokens, driving up their shortage and worth. The remaining 50% of the rewards could be reinvested into the DEX’s particular person swimming pools, incentivizing elevated liquidity and Complete Worth Locked (TVL).
Moreover, Dr. Hosp’s plan entails searching for a risk-free yield of near 4% on 90% of backed USDT and USDC by tokenized bonds. Just like the staking technique, the generated rewards from this initiative could be used to purchase again and burn DFI tokens, contributing to potential worth appreciation. Whereas the proposal acknowledges the potential of replicating these methods for different cryptocurrencies like BTC, it prioritizes sustaining a “zero threat” method. He asserts that the collective affect of the primary three steps would collectively funnel greater than $1 million in demand towards the DFI worth, all with negligible value or draw back.