Documentation - Dfyn
  • Vision & Mission
  • Glossary
  • The Dfyn Ecosystem
  • Features
  • Tokenomics
  • Token Utility
  • Current Status
  • Roadmap
  • Dfyn Exchange RFQ Module
    • Introduction
    • API Reference
      • Market Maker
      • Trader
    • Audits
  • Treasury
  • vDfyn Vault
    • Intro to the vDfyn Vault
    • vDfyn Vault FAQs
  • Build Your Own Farms (BYOF)
    • Intro to BYOF
    • How to use BYOF?
    • BYOF FAQs
  • Guides
    • Placing a Limit Order on Dfyn Exchange
    • Mapping ERC20 assets from Ethereum onto Matic
    • Adding liquidity to Dfyn AMM from Ethereum network
    • Changing Polygon's RPC Endpoint on MetaMask
    • How to farm $DFYN tokens on Dfyn Exchange
    • Using AscendEX (BitMax) to exit funds from Matic into Ethereum
    • Bringing funds from Ethereum to Matic using AscendEX (BitMax)
  • Prediction Markets (BETA)
    • Intro to Prediction Markets
    • Terminology
    • How to Participate in Prediction Markets
    • Prediction Markets FAQs
  • Technical
    • Contracts
    • Gasless Mode on Dfyn
    • How does Dfyn achieve gasless transactions?
    • Dfyn Analytics
    • Frequently Asked Questions
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  • Governance
  • Revenue Sharing

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Token Utility

Dfyn’s native utility token, the DFYN token, will perform a crucial role in the functioning of the Dfyn ecosystem. The DFYN token is expected to have multiple utilities:

Governance

The holders of the DFYN token will be able to use their tokens to take part in Dfyn’s governance by voting on Dfyn’s proposals concerning protocol amendments and upgrades. Although the specifics in regard to the voting mechanism have not yet been finalized, it is expected that each holder’s votes will be weighed against the amount of DFYN tokens held by them.

Revenue Sharing

A competitive 0.3% fee is charged over each trade taking place over Dfyn. Of this fee, 0.25% is distributed to the liquidity providers in proportion to their contribution to the liquidity pool, while the remaining 0.05% is distributed to Dfyn token holders who have staked their Dfyn tokens in the vDfyn vault.

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Last updated 3 years ago

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