Polygen Announces Partnership with DAFI
Polygen recently announced a technical collaboration with DAFI to offer better staking opportunities to its users. The partnership will see Polygen users gaining access to DAFI’s dToken reward mechanism.
The latest functionality allows Polygen users to hold their project tokens. Instead of using the standard APY framework, Polygen will set up pools with achievable business goals. The venture will stake users’ tokens to facilitate liquidity and security while also providing esteemed rewards.
The integration will see DAFI developing multiple staking pools for Polygen. DAFI uses demand pegged algorithms to build the pools, meaning users lock their tokens until the goal is reached. It sets a fixed APY for users, unlike the traditional pools where users had to wait until a specified period. After reaching the goal, the venture will unlock the pool, distributing yield and rewards to users.
Mike Hepburn, Polygen’s CEO, talked about the recent collaboration. Mike expressed delight about joining DAFI, stating the venture will be pivotal in Polygen’s success. Staking is a crucial factor for a launchpad’s success as it monetizes users’ trust and loyalty. As the native utility token, users can stake $PGEN on the platform to gain premium access and rewards.
Zain Rana, DAFI Protocol’s Founder, also commented about the latest development. Zain stated that DAFI’s collaboration with Polygen is critical for the entire blockchain sector. The integration will allow protocol founders to sync the relationship between a network’s self-healing properties and token reward distribution methods.
While Polygen renders a funding stage for developers and entrepreneurs, DAFI provides the tools to develop a lasting rewards economic engine from the initial stage.
Merging sich functionalities will certainly assist both ventures and their user bases in gaining esteemed returns.