Dfyn Network Price Chart Update [DFYN]

The DFYN price update as of now is $0.02087. In the previous 24 hours, its trading volume was $63,091, and its value has decreased by -1.33%. As of now, DFYN's live market cap is $3,402,103, and it is ranked as the #4267 on the Coincu. DFYN has a circulating supply of 249,215,907 and a maximum supply of 249,215,907.

Explore the Dfyn Network

The Dfyn Network is an innovative DeFi project that offers a low-fee AMM exchange and lucrative yield farming opportunities. With its unique combination of Ethereum liquidity and L2 scalability, the network aims to provide a comprehensive platform for social tokens and NFTs. By leveraging Router Protocol, the project nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh.

What Makes Dfyn Network Special?

Dfyn Network stands out as a multi-chain AMM DEX that connects AMMs across different blockchains, enabling seamless liquidity sharing and cross-chain swaps. Currently operational on Polygon and Fantom, the network imposes a fixed fee of 0.3% for all swaps. Out of this fee, 0.25% is allocated to liquidity providers, while 0.05% goes to the Dfyn DAO. Moreover, the vDfyn vault offers a way to redistribute the 0.05% fee to community members staking their Dfyn tokens.

On the Polygon instance of Dfyn Network, users enjoy gasless transactions without any additional fees. The project's multi-chain approach positions it as a decentralized swap station for large assets like BTC, ETH, and ADA.

Outstanding Attributes of Dfyn Network

Defining the Project's Ambition

The Vision of Dfyn Network

The Dfyn Network envisions an inclusive DeFi ecosystem supported by a more accessible, cheaper, and fairer multi-chain AMM.

The Mission of Dfyn Network

Dfyn Network's mission is to establish an ecosystem consisting of a trustless decentralized exchange (DEX) and an ultra-fast automated market maker (AMM) that caters to the needs of the multi-blockchain universe. By creating a thriving multi-chain ecosystem, the network aims to onboard the next wave of crypto users into the world of DeFi.

The Operational Mechanism

Users can mint vDfyn tokens by staking the project tokens in the vDfyn vault. These tokens automatically entitle users to a share of protocol fees, with 0.05% of every swap amount allocated to vDfyn holders. The fees earned by the Dfyn Network Exchange, including those from swaps and prediction markets, are distributed to vDfyn holders. As more users embrace the Dfyn Network Exchange, the value of vDfyn tokens appreciates.

Unique Aspects of Dfyn Network

The Dfyn Ecosystem

Revolutionary Multi-chain AMM DEX

The project differentiates itself by being a fully decentralized multi-chain protocol that utilizes automated market makers (AMMs) to facilitate token swaps instead of traditional order books. Utilizing the power of low-gas networks like Polygon, Dfyn Network eliminates gas fees by integrating meta transactions. Currently available on Polygon and Fantom, the project plans to expand by deploying AMM nodes on multiple layer 1 and layer 2 blockchains, thus transforming into a truly multi-chain DEX optimized for the multi-blockchain universe.

Utilizing Router Protocol

Dfyn Network harnesses the cross-chain bridges of Router Protocol to enable seamless communication and value transfer between its various nodes.

Future Prospects

Dfyn Network as a Cross-chain DEX

With the goal of expanding into a cross-chain DEX, Dfyn Network will enable users to trade on any blockchain network, such as buying Ether on BSC using funds from an Ethereum wallet. The project aims to offer an AMM-based DEX that supports new chains, allowing users to choose between single-chain or multi-chain trades within a unified user interface.

Layer 2 Launchpad

In the future, Dfyn Network plans to introduce a unique Layer 2 launchpad that facilitates token launches, listings, farming plays, staking contracts, and innovative Layer 2 IDO strategies, all without the high fees associated with Ethereum.

Features of Dfyn Network

Blockchain Agnostic

Dfyn Network aims to create a blockchain agnostic ecosystem that seamlessly integrates with all underlying blockchain technologies. Users will have the flexibility to utilize the DEX with any blockchain network of their choice. Additionally, the project will host a node-runner platform, allowing blockchain enthusiasts to run their own project nodes and earn passive income from fee collection.

Transparency

Using Dfyn Network guarantees complete transparency, as users can observe all protocol activities. The project's smart contracts and codebase are fully open-source, further supporting transparency.

Enhanced User Experience

Dfyn Network improves the user experience by enabling zero gas transactions and implementing smart order routing. Transaction costs are significantly lower than on Layer 1 DEXs, and transactions are executed at least 10 times faster.

Build Your Own Farms (BYOF)

The Build Your Own Farms (BYOF) feature empowers users to independently create and deploy farms. This novel approach can be likened to a no-code farming-as-a-service solution.

Key Benefits

• Partners can easily create farms and promote their projects by offering rewards in their native tokens.
• No need to wait for specific dates to launch farms, as farms can be deployed automatically.
• The project frees up the tech team's resources, allowing them to focus on other development aspects.

Cloning Mechanism

The factory contract clones the dummy contract and creates a new farm contract based on the parameters specified by the farm deployer. The project incorporates dummy contracts for Launch, Popular, and Dual/Ecosystem farms, with the ability to add additional strategies as required.