Whether you’re staking DVF and earning protocol fees, or being rewarded in DVF for providing Automated Market Maker (AMM) liquidity (liquidity mining), earning rewards with us has never looked this good.
Earning Yield with DVF
Did you know there are two main mechanisms for earning interest/yield that involve DVF tokens on DeversiFi?
1. DVF as a protocol fee sharing mechanism
DVF holders can earn potential protocol fees by staking DVF and receiving xDVF tokens in return. The governance module accrues certain rhino.fi protocol ‘fees’ in the form of DVF tokens, meaning that over time each xDVF is worth more than one DVF when unstaked.
Fees on the rhino.fi protocol are split between the operator (Rhino.fi Labs), Automated Market Maker (AMM) liquidity providers and xDVF holders. The precise split can be set by Governance, as detailed in the Governance section.
2. DVF as a reward for providing Automated Market Maker (AMM) liquidity (liquidity mining)
In order to bootstrap new market creation with deep liquidity, DVF will be used to reward rhino.fi automated market maker liquidity providers (AMM LPs). AMM LPs will earn a share of the AMM trading fees, as well as a share of DVF tokens that will be issued continuously and adjusted periodically by Governance.
- Initially DVF rewards will be used to launch 18 new markets on rhino.fi, with extra DVF rewards for the DVF/ETH and DVF/USDT markets on rhino.fi
- 10% of the DVF token supply will be issued via liquidity mining over the first six months after the start of liquidity mining.
- 50% of the DVF total token supply is controlled by DVF holders in what is called the DVF treasury. The maximum amount of the supply that can be issued each month is 1/36th.
- Initially, six months of liquidity mining rewards have been pre-approved, and further liquidity mining will then need to be voted on via Governance.
Learn More
Launch Market
Tokenomics
Governance
