What is Dfyn Network (DFYN)?
DFYN is the native token of Dfyn Network, which is an AMM-based decentralized exchange (DEX). As the platform's nodes are spread across multiple Layer 1 and Layer 2 chains, it allows users to make cross-chain swaps. Though note that, primarily, it was launched on Polygon.
Check out the Dfyn Network price chart above. You can find all DFYN price changes on it.
Since Dfyn Network operates cross-chain, it takes liquidity from various chains. Besides, it also employs Router Protocol's XCLP (Cross-chain Liquidity Protocol).
Talking about Dfyn's AMMs, they provide users with gas-free and extremely fast transactions through all supported chains. Also, the platform has a customizable market-making toolkit called "Intelligent Market Making," which solves issues that many AMMs face.
Apart from being a DEX, the Dfyn Network also provides users with a Layer 2 technical launchpad. It allows the implementation of Layer 2 IDO tactics, launching new tokens, staking Dfyn contracts, and creating codeless farming and vesting activities. Additionally, there's the Dfyn Noderunner, which allows users to launch Dfyn nodes on various chains and earn passive income from fee collection.
Use Cases of DFYN Tokens
DFYN is the native utility token of the Dfyn Network. It has two main use cases – governance and rewards.
In terms of governance, Dfyn Network coin holders have the right to vote on various proposals concerning the future of the project.
Concerning rewards, liquidity providers are rewarded in DFYN tokens based on their contribution. The rewards are distributed from Dfyn Network's fees. The fee taken by the platform is 0.3%, while 0.25% of this fee is distributed as liquidity provider rewards.
If you plan to buy Dfyn Network tokens, make sure to make a thorough DFYN price analysis. Use the Dfyn Network price chart above.
