What is Ditto Finance? Ditto Finance is a project working on the Liquid Staking platform on the Aptos ecosystem. Allows users to Stake APT into the platform and receive stAPT for interest. So what is Ditto Finance? How does it work? Let’s find out below in this article!
Before entering the article, you can refer to the following articles:
- What is Lido Finance (LDO)? Overview of Lido Finance cryptocurrency
- What is Rocket Pool (RPL)? Overview of the Roket Pool project
What is Ditto Finance?
Overview of Ditto Finance
Ditto Finance is a project working on the Liquid Staking platform on the Aptos ecosystem. Allows users to Stake APT into the platform and receive stAPT at the current interest rate of 7%. This project is similar to Lido Finance on Ethereum, users contribute to the project governance rights, decentralize, earn profits and maintain liquidity for the protocol.
Mechanism of action
Main features of the project:
Staking
Staking is the main factor on Proof Of Stake, so Aptos needs a validator to operate the platform. Conditions to become a validator must be those who hold many APT tokens and will receive rewards in return.
Users Stake APT tokens into the Ditto platform and receive stAPT tokens. 1 stAPT token represents 1 staked APT, stAPT will be integrated into many DeFi protocols on the Aptos ecosystem to ensure that stAPT is easy to use and widely adopted, providing many benefits like APT itself.
stAPT not only enjoys the same functions as APT but also enjoys the following additional benefits:
- Safe and has sustainable interest rates
- Integrates with the defi ecosystem
- Can switch to APT tokens at any time
- Automatically calculate compound interest
Rewards
Ditto will charge a 10% Stake reward. This helps build a system that incentivizes users to be given the best possible service. This fee is divided equally between validators and treasury of project.
Validators receive the fees they staked, treasury receives fees for project development.
Strip offDevelopment Track
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Core Team
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Investor
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Tokenomics
Overview information about Token Ditto Finance
- Token Name: Ditto Finance
- Ticker: DTO
- Blockchain: Aptos
- Contract: Update…
- Total supply: Update…
Token Allocation
- Tresury: 65%
- Team and Advisors: 25%
- Investors: 10%
Token Release
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Token use case
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Exchanges
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Information Channel of Ditto Finance Project
- Website: https://www.dittofinance.io/
- Discord: https://discord.com/invite/ditto-fi
- Twitter: https://twitter.com/ditto_finance
- Medium:
Summary
Ditto Finance is the first Staking project on Aptos similar to the Lido Finance project on Ethereum, bringing APT tokens to stake and receive stAPT and receive profits. Above is information about what is Ditto Finance? Readers, please refer to it and have your own opinion!
