Domani Protocol DEXTF

1. Summary

Ranks

Liquidity

84

Developer

-

Social

67

Momentum (beta)

89

Stack Rank™

-

Price

$0.22 -5.9%

Market Cap

$14.76M (#1519)

Supply

65.81M / 100.00M

Tags

DeFi Avalanche Ecosystem Asset Manager Ethereum Ecosystem ZkSync Ecosystem Real World Assets (RWA)

More Metrics

Price
52W High price	$0.46
52W High date	17th Dec 2023 (1 year ago)
All Time High (ATH) Date	20th Feb 2021 (3 years ago)
ATH Price	$3.98
% From ATH	-95.22%
All Time Low (ATL) Date	10th Jan 2023 (1 year ago)
ATL Price	$0.001300070000
% From ATL	14547.75%

Supply & Trading Volume
Trading Volume (24h)	$61,386.00
Total Supply	100.00M
Max Supply	100.00M
Circulating Supply	65.81M

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Description

Overview of Domani Protocol

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Overview of Domani Protocol

Domani Protocol is a decentralized asset management protocol built on the Ethereum blockchain. The protocol empowers users to mint, trade, redeem, and provide liquidity on non-custodial oracle-less tokenized portfolios (XTFs). The protocol's governance and incentive mechanism are based on the DEXTF token, which integrates voting power and incentives for platform usage and maintenance.

Tokenomics

The $DEXTF token is an ERC20 token designed for governance and incentivization. Each token corresponds to a specific voting power, and holders can delegate their voting rights to other Ethereum addresses. The more DEXTF tokens a user has, the more weight their delegation or vote holds. The token distribution includes mechanisms for voting, delegation, and reward payments for liquidity providers and platform maintenance. The protocol's governance relies on proposals that must pass through a dedicated voting process.

Key Features

• Decentralized Governance: All potential changes to the protocol require a proposal and voting process by $DEXTF token holders.
• Tokenized Portfolios: Users can mint and redeem XTF tokens, which are unique for each fund created.
• Liquidity Mining Incentives: Liquidity mining incentives on XTF fund tokens aim to create deep liquidity.
• Platform Fees: DEXTF token holders and portfolio managers receive the majority of platform fees.
• Expertise: The platform bridges the gap between users with expertise and those without, facilitating connections and investment decisions.

Technical Information

• Total Supply: 100,000,000 $DEXTF tokens
• Token Distribution: 50,000,000 tokens will be distributed based on an incentive scheme
• Multisig Custody: All $DEXTF tokens are managed through a multisig safe, ensuring that no single person can unlock them

Functionality and Goals

• Maintaining Ownership: DOMANI Protocol ensures that users maintain control over their assets, unlike traditional financial institutions.
• Easy Redemption: Redeeming XTF tokens is as straightforward as minting them, without the need for lock-ups.
• Price Feeds: DOMANI Protocol does not require oracles for price feeds, relying on arbitrageurs instead to mitigate potential risks.
• Fees and Incentives: DEXTF token holders and portfolio managers earn fees from platform usage and liquidity mining.
• Security: DOMANI Protocol is designed to reduce the risk of external price manipulation and attacks on the DeFi space.
• Expert Guidance: DOMANI connects portfolio managers and users, providing expertise and diversified investment opportunities.

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