🔵cDFI Community Staking
Using the DeFiChain DMC layer to provide automated access to the Native consensus layer of DeFiChain to facilitate rewards payments from MasterNodes.
Crypto Factor have pioneered a new hybrid staking arrangement which utilises a number of proven components together with new automated token handling to create cDFI Community Staking.
What is cDFI?
cDFI is a ratio-wrapped form of DFI prepared and maintained by Crypto Factor which is locked 1:1 with DFI. It is designed to solve the issue of custody handling in the decentralised finance space on both Native and DMC layers of DeFiChain. It provides an important partition between DFI funds for MasterNode Collateral (revenue generation) and a proxy (receipt) token needed to truly stake on the DMC layer to attribute MasterNode shares and assign rewards (rewards distribution) achieved in a DMC decentralised manner.
Whilst this approach is trust minimised with automation using Crypto Factors innovative intra-domain routines - it also allows for further use cases to develop to increase it's utility as the ecosystem matures.
Why Community Staking?
One of Crypto Factors primary goals is to bring innovative web3 solutions to users of DeFiChain. We recognise whole-heartedly the role the DeFiChain Community plays in the acceptance and success of new products and services. This is the reason we design and build solutions aimed at and for the community to use and participate in.
cDFI Staking is a community event based SERVICE, as the initial touch point for cDFI staking comes in the form of cDFI Sales/Swaps at regular intervals - to suit demand.
These swap events allow anyone with any volume of $DFI to stake (via cDFI swap) and in return obtain $DFI directly from the MasterNodes that emit these rewards.
The MasterNodes are run directly by Crypto Factor in the Crypto FACTORY - our hallmark has always been to develop and scratch build everything required to raise the products and services we bring to the community; this is no exception.
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