dFuture is a decentralized derivatives exchange utilizing the QCAMM protocol, and also a DeFi derivatives exchange built on QCAMM. dFuture aims to be the most user-friendly, fair, and cost-effective decentralized contract trading platform, featuring external price feeds, zero slippage, excellent trading depth, and no impermanent loss. By integrating contract trading and liquidity, dFuture has completely revolutionized existing trading models, providing traders, liquidity providers (LPs), and arbitrageurs with a more equitable, secure, and profitable trading environment. The project was initiated and incubated by Mix Labs, a subsidiary of Mix Group, which has successfully incubated multiple blockchain projects and teams, including ChainNews, MixMarvel, TokenView, and Mixpay.

The fully upgraded version of dFuture V2 was deployed on Ethereum Layer 2 on November 17, 2021. Leveraging Arbitrums Layer 2 technology, dFutures contract trading is no longer constrained by the 3-second block confirmation limitations of BSC and Heco. This significantly enhances dFutures capabilities, enabling real-time external pricing for traders to trade based on current prices, and reducing transaction confirmation time from 3 seconds to milliseconds, making the trading process as smooth as that of decentralized exchanges. In the future, dFuture will continue to focus on the industry, refine its products, and bring more benefits to users.

Token Model

The total supply of dFutures platform token, DFT, is approximately 400 million, with 140 million on Ethereum, 130 million on Heco, and 130 million on BSC. DFT allocation includes the following directions:

• Trading Rewards: Distributed to traders who complete valid trades on the platform, i.e., trading mining.
• LP Rewards: Distributed to LPs who provide liquidity to the platform, with LPs receiving rewards according to their staking proportion, i.e., liquidity mining.
• LP Token Rewards: Provided to users who offer liquidity for DFT on DEX, i.e., LP Token mining.
• Team: As team rewards for operations, technology development, etc., linearly unlocked.
• Private Sale: For early investors to support dFutures growth with additional funds and resources, linearly unlocked.
• Airdrops: To promote the dFuture platform, multiple airdrops are conducted targeting potential user groups such as traders and DeFi community members.
• Community Rewards: Reserved DFT for rewarding active participants in community activities aimed at enhancing platform functionality.

The current dFuture V2 version is deployed on the Ethereum Layer 2 Arbitrum network. Due to the different block production mechanism of Arbitrum, the trading mining and LP Token mining rewards related to Ethereum are no longer generated alongside blocks but instead take place through events, with each event having a predetermined total DFT reward.

Token Use Cases

The main functions of DFT currently include five aspects: trading profit sharing, buyback and burn, trading fee discounts, LP lockup acceleration, and voting rights for DAO governance. The specific rules are as follows:

• Trading Profit Sharing: Platform users can stake DFT to receive 40% of the platforms trading fees proportional to their share of the total staked DFT. These fees are paid out to users in USDT.
• Buyback and Burn: dFuture uses 20% of the total trading fees to repurchase and burn DFT.
• Trading Fee Discounts: Traders who stake DFT receive discounts on trading fees.
• LP Lockup Acceleration: LPs can stake DFT to accelerate the process of staking USDT to earn DFT. When LPs stake USDT to provide liquidity, they can also stake DFT to accelerate their staked USDT. Currently, the ratio of DFT to USDT for acceleration is 1:2, meaning 1 DFT can accelerate 2 USDT.
• Voting Rights for DAO Governance: All staked DFT, including DFT staked for trading profit sharing, DFT staked for LP lockup acceleration, or DFT staked in the second pool, receives corresponding voting rights. The community can vote to modify and adjust all parameters of the dFuture platform to meet the needs of a wider range of traders and LPs.