The Protocol That Is Taking the Fantom Blockchain By Storm - Aliens: AI Crypto News & Markets Updates
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The Protocol That Is Taking the Fantom Blockchain By Storm

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BTC Peers

Wed, Jan 19, 2022

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Thanks to the growth of the DeFi space, a ton of protocols have been launched to change the narrative by offering sustainable, long-term rewards for farming, one of such is the emerging ProtoFi Protocol.

The ProtoFi Protocol Born out of calculated study, observation, and active participation in several protocols spanning different networks, ProtoFi is the first community-powered and user-owned automated market maker [AMM] built on the Fantom Opera blockchain that places emphasis, primarily, on sustainability, long-term existence, and value creation.

The yield, however, is garnered directly from the profits generated by ProtoFi through deposit fees, token swap fees, as well as other revenue-generating activities undertaken by the protocol.

Aimed at protecting investors from the activities of questionable people, guaranteeing longevity and sustainability of the protocol, as well as the combating of market manipulations, Fission Pool has been deployed to ProtoFi. The current method of fee distribution, Fission Pool, will allow these investors to deposit ELCT and receive colossal rewards in the form of stablecoins.

As part of its goal to offer gargantuan rewards to token owners and shareholders of the protocol, ProtoFi, in consortium with The Fantoms, will launch an NFT pool.

With presale spots filled out in approximately 44 minutes and a software audit carried out by one of the leading blockchain security companies, CertiK, ProtoFi, through the creation of Fission Pool, and accompanying features like Quantum Supply, ProtoShield, and ChronoLock has the power to turn ponzi scheme-modeled projects into sustainable, long-term protocols

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