DeversiFi Unveils Governance Token

The decentralized Ethereum exchange DeversiFi plans to launch a governance token called DVF.

DVF will be distributed via an open and fair launch mechanism called DeversiFi Launch Market (DLM). The proceeds will be placed in a community-governed treasury. Tokenomics and further details on the DLM mechanism will be made available closer to launch.

While DeversiFi’s settlements occur on the Ethereum blockchain, its order books are off-chain, allowing users to participate without paying high Ethereum network transaction fees.