Konomi Network and the DAFI protocol are working together to integrate DAFI’s aggregation protocol into Konomi’s staking platform, allowing a synthetic token incentive for users to hold KONO.
Konomi is a decentralized money market protocol built on top of Polkadot. Konomi is working on providing live currency markets across the entire Polkadot ecosystem, as well as scaling and integrating into cross-chain networks. By introducing a flexible marketplace for cross-chain crypto assets, Konomi hopes to provide an overall better user experience that is accessible regardless of the user’s preferred network.
DAFI reinvents the way every decentralized network is rewarded. By creating aggregates tied to various decentralized networks, every blockchain and cryptocurrency can generate dToken to reward their first users. DAFI can reward a network even when demand drops by releasing aggregators that will reward users later – rather than sooner. This approach will change the foundation of all staking, liquidity and even social reward systems for the entire decentralized world.
This partnership with DAFI opens up many opportunities, benefiting Konomi token holders. Firstly, DAFI’s aggregation protocol will be used to generate dKONO tokens that are tied to network demand, meaning that rewards will increase when applied to the Konomi network, allowing the project to support long-term users. and develop.
In addition, these synthetic tokens will help prevent the Konomi native token from being inflated, whereas before DAFI, the only way to reward a network was to issue large volumes of native tokens directly.
Summary of cases for Konomi Staking Program
DAFI rewards networks based on their adoption, creating long-term users through aggregation. These aggregated instances are distributed to users in a reduced number from the original to protect the network from hyperinflation. Longer-term users will then be rewarded when network demand increases and remain scarce when demand is low.
Konomi will generate the project’s synthetic dKONO tokens that can help limit the token supply and reward users for their long-term commitment to aligning with Konomi’s vision. That is, enabling financial applications to seamlessly connect with the Polkadot ecosystem and provide users with a complete wealth management experience – from liquid agreements for the lending market to asset management in Ecosystem.
Together, DAFI and Konomi have committed to partnering their joint efforts to make DeFi a more accessible place for new assets in the Polkadot ecosystem, supporting the widespread adoption of blockchain technology.
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