• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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Dante Finance

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News

EU Plans Year-End Push for Pension Savings and Market Oversight

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The European Union is set to enhance pension savings and tighten market oversight, potentially granting new authority to its Paris watchdog over crypto firms.

Andrew Smith

Kevin Durant's Bitcoin Investment Journey Begins

Kevin Durant's Bitcoin Investment Journey Begins

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Kevin Durant's journey into Bitcoin investment began in late 2016, influenced by discussions at a birthday celebration.

Jacob Williams

Kevin Durant Successfully Recovers Coinbase Account

Kevin Durant Successfully Recovers Coinbase Account

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NBA star Kevin Durant has successfully recovered his Coinbase account after a brief period of inaccessibility.

Zainab Kamara

What is Dante Finance?

Dante Finance is a fork of tomb.finance, so the developers decided to support it by binding $DANTE to $TOMB.

Dante Finance - dapp.expert

DanteFinance has decided to use TOMB Finances idea to implement Genesis pools to provide initial distribution of DANTE tokens.

DANTE — an algorithmic token, linked to TOMB. The underlying mechanism of the protocol dynamically adjusts the DANTE supply, raising or lowering its price relative to the TOMB price.

Dante Finance — a multi-token protocol that consists of the following three tokens:

1. Dante ($DANTE).
2. Dante Shares ($GRAIL).
3. Dante Bonds ($DBOND).

The DANTE token is intended to be used as a medium of exchange. The stability mechanism, built into the protocol, aims to maintain Dante's peg to the 1 Tomb (TOMB) token in the long term.

DANTE (GRAIL) shares — one way to measure the value of the DANTE protocol and shareholder confidence in its ability to keep DANTE close to anchor.

GRAIL owners have voting (governing) power over proposals to improve the protocol and future use cases in the Dante financial ecosystem.Dante Finance

The primary purpose of DANTE Bonds (DBOND) - to help to drive change in the DANTE offering during the shrinking era. Swapping DANTE for DBOND burns DANTE tokens, taking them out of circulation (deflation) and helping to restore the price to 1 TOMB. These DBONDs can be exchanged for DANTE when the price breaks the peg in the future, as well as additional incentive for staying above the peg longer.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.