Asymetrix Protocol
The decentralized, non-custodial protocol
Status
Not set
Live
Live
Chains
Ethereum
Category
DeFi
Category
Channel Partner
Partner Type
No items found.
Integrations
VRF
Product Type
VRF
Industry
No items found.
DeFi
Year
2023
Collaboration
Social
Integrations
Channel Partnership Details
May 9, 2023
Asymetrix Protocol Integrates Chainlink VRF to Help Power Winners determination
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VRF
About
Asymetrix Protocol

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Asymetrix Protocol is a decentralized finance solution that brings excitement for ETH staking participants. By bringing together a large number of stakers with a substantial amount of Ethereum in a single pool, it’s possible to generate higher staking profits. These profits are then randomly distributed among the protocol’s participants, creating a more equitable and exciting reward system. Utilizing a provably fair and random distribution mechanism, Asymetrix adds an element of thrill to the staking process, as users have the opportunity to get a larger share of rewards than they would with traditional staking methods.

The team was inspired by Premium Bonds, a no-loss lottery bond issued by the United Kingdom government in 1956. The endgame is when a project’s TVL is high enough to regularly generate substantial revenue for the overall pool, it will be possible to generate a big number of rewards for more users (settings can be changed by DAO voting). Thus, the system can become a full-fledged crypto-analogue of Premium Bonds for the Ethereum ecosystem.

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VRF
DeFi