Scaling the Multi-Chain World: Polygon AMAs

DeFi Demodyfi Pool Is Live: Participate in the crypto revolution with Demodyfi by your side!

AMA Recap

We would love you to join Demodyfi to stay up to date with all the news. So what’s the best way to keep in touch?

We would love to invite everyone to our channels. For this, we have created an overview of all our socials and documentation:

Polygon AMA

AMA Recap
  • Token burn — DMOD is a deflationary token, % of the fees collected will be used to buy DMOD tokens from the market and burned.
  • Staking — A part of the fees collected from the Demodyfi protocol will be used to buy DMOD tokens from the market. These tokens will be distributed to the DMOD token staking holders.
  • Members holding DMOD tokens have full control over the ecosystem through systemic voting and governance rights.
  • Pool token holders are entitled to receive the swap fee paid by users who swap through their liquidity pools.
  • At launch, the entire amount of swap fees (0.3% per swap) will be distributed to liquidity providers.
  • Unified account experience: Simply connect your wallet or use your own custom address and start trading instantly. This means no entity can ever withhold your funds or freeze your account.

🚀 Together with:

  • Polygon, the leading layer two ecosystems in DeFi pushing forward scaling Ethereum and DeFi! Join their Official Telegram channel to keep track of newly launched projects on Polygon.
  • Demodyfi — Next-generation AMM DEX that extends defi functionality, becoming a permissionless one-stop cross-chain asset market.
    The protocol utilizes Moonbeam’s parachain smart contract interoperability, while the Substrate framework serves as a fundamental layer. Combining this makes it potential to build on Polkadot, furthermore make it compatible with the EVM, and to deploy EVM-based bytecode compiled from Solidity using tools available from the Ethereum stack.

Demodyfi is a fully integrated AMM ecosystem of decentralized financial services built on Moonbeam & Polkadot while controlled by its users collectively.