DSLA Protocol

DSLA Protocol

DSLA
$0.00036956%-9.48

Key Metrics

Price$0.00036956
Real Volume (24H)$48,549.69
Marketcap$2,029,549.67
Fully Diluted ValuationN/A
ATH$0.02429944
ATH Date4/4/2021, 10:57:39 PM
ATL$0.00000386
ATL Date12/31/2019, 11:29:27 PM
Circulating Supply5.5B
Total Supply5.7B
WebsiteN/A
WhitepaperN/A
Popularity Rank2048
Chart
What is DSLA Protocol?

DSLA Network (DSLA) is a blockchain-based platform that aims to mitigate the risks associated with staking for users. The platform uses proof-of-stake (PoS) to validate third-party staking service providers and employs the DSLA protocol to analyze the risks involved in third-party staking. By controlling users' exposure to these risks, DSLA aims to promote safe trading in the blockchain ecosystem.

The DSLA protocol is a risk management protocol that allows users to trade with third-party staking service providers. It aims to encourage users and service providers to trade via a peer-to-peer marketplace of service level agreements (SLAs). These SLAs ensure consistent service performance for a specified period and provide a remedy to the user if the service performs below average. Users can predict the performance target of the liquidity pool and claim rewards accordingly. Moreover, developers can create community-driven agreements on the marketplace and earn fees when users utilize the service.

One of the unique features of DSLA is that it can be accessed on various blockchain platforms such as Ethereum, Binance Smart Chain, Polygon, Harmony, Fantom, and Avalanche. DSLA is also the native token of the protocol. The token allows users to access the DSLA protocol service and publish SLAs. Users can claim rewards in DSLA tokens to issue SLAs to the marketplace, and developers can earn rewards for completing protocol maintenance tasks.

DSLA protocol is a deflationary token, meaning that every time a maintenance task gets completed, DSLA tokens get burned. This process removes tokens from circulation, thus reducing the total supply of the tokens. By doing this, the protocol aims to maintain the value of the DSLA token and incentivize users and developers to continue using the protocol.

The DSLA protocol was co-founded by Wilhem Pujar and Jean-Daniel Bussy in the second quarter of 2019. The total supply of the DSLA protocol is 111,640,448.22319 DSLA.

In the coming months, the protocol aims to launch a DSLA academy where users can earn non-fungible tokens (NFTs) to improve the protocol's performance. Additionally, the protocol aims to release a major version of the DSLA protocol by the end of the year.

In conclusion, DSLA is a platform that promotes safe trading in the blockchain ecosystem. By using PoS to validate third-party staking service providers and employing the DSLA protocol to analyze third-party risks, the platform aims to reduce staking risks for users. The protocol's deflationary token and peer-to-peer marketplace of SLAs incentivize users and developers to continue using the protocol.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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