DeFiChain

DFI

DFI is the native currency of the DeFiChain used for gas fees and governance.

Risk Rating
Best
$0.06
-1.95%
Summary
What we like
DFI has intrinsic value as the native blockchain currency for the DeFiChain ecosystem.
What we like less
DFI has a highly inflationary supply schedule in the beginning to bootstrap demand for its validators and internal exchange (DeFiChain DEX).
What it means for you
Offers you a way to earn trading fees and protocol incentives for supplying liquidity pairs on the DeFiChain DEX. You can also stake to help secure the network and earn block rewards.
Information
Blockchain
  • DeFiChain
Key Metrics
  • Market Cap: $51.7M
  • Fully Diluted Valluation: $75.9M
  • FDV / MC: 1.5
  • Ranking inside Exponential (excluding stables): #82
  • Circulating Supply: 818,145,386
  • Total Supply: 1,200,000,000
  • Volume (24H): $3.1M
  • ATH: $5.61 (12/06/2021)
  • ATL: $0.06 (05/12/2024)
Risk Assessment
Best
Asset Strength

DFI is a low-cap asset that represents the protocol`s native governance or utility token. This asset is exposed to the underlying risks of DeFiChain DEX, a protocol rated as Watch out.

Asset Tokenomics

DFI has a fixed supply.

Asset Volatility

DFI is moderately correlated to the overall market.

Dependencies

DeFiChain DEX

Things to know about DFI

What is DFI used for?

DFI is primarily used as the native blockchain currency to pay for gas fees within the DeFiChain ecosystem. It is also used for governance so the community can vote on improvement proposals. Lastly, DFI can be used to create new tokens on DeFiChain, or DCT tokens. Any user can create new tokens for a fee of 100 DFI.

DFI tokenomics

DeFiChain did not have an initial coin offering (ICO) nor did it conduct any sales rounds. At genesis, 288M DFI tokens were allocated to the Foundation treasury and locked until needed. Staking rewards for validators also started at launch with 2.7M DFI tokens emitted per week, followed by mining rewards shortly after at 2M DFI per week. The supply schedule is expected to drop by roughly 20% per year and have a decreasing inflation rate over time. DeFiChain also has an inflation control mechanism where all transaction fees are currently burnt.

How does DFI accrue value?

DFI accrues value as it is the primary token used to pay for fees for all transactions and smart contracts on DeFiChain. DFI is also required to provide liquidity on the DeFiChain DEX for certain pools. To become a validator on the network, a minimum of 20K DFI is required to run a masternode. Lastly, DFI can be used as collateral to borrow other crypto assets.

DFI Pools
DeFiChain BTC-DFI Market Making
6.3%
Yield
$17M
TVL
Risk
F
Chain
DeFiChain
DeFiChain DFI-USD Market Making
4.7%
Yield
$5M
TVL
Risk
F
Chain
DeFiChain
DeFiChain ETH-DFI Market Making
10.7%
Yield
$5M
TVL
Risk
F
Chain
DeFiChain
DeFiChain DFI-USD Market Making
6%
Yield
$527K
TVL
Risk
F
Chain
DeFiChain
DeFiChain DFI-USD Market Making
5.9%
Yield
$255K
TVL
Risk
F
Chain
DeFiChain