How DeFiChain’s Future Swap Feature Brings Down The dToken Premium
Since the launch of dTokens in the last quarter of 2021, dTokens have become everyone's darling with rewards north of 100% APR. These dTokens can be minted directly on the DeFiChain blockchain by utilizing the loan and vault features or by buying them directly on the DeFiChain DEX on the mobile app. Due to the underlying architecture of these dTokens and the way investors used them so far, most dToken prices showed a consistent spread between oracle price and the price they have been trading for on the DEX. With DeFiChain’s new DFIP, the leading #nativeDeFi blockchain will be introducing a future swap feature. This feature will introduce a new economic mechanics that introduce more utility to the revolutionary dToken. Economically, it is predicted that dToken price will trend closer to the oracle price despite it being not a peg nor cap. Unlike traditional futures contracts where the price is predetermined, this feature on DeFiChain determines the settlement price (i.e. the oracle ...