TosDis is a new DeFi project that seeks to distinguish itself from the competition by offering several DeFi solutions in one place. Its slogan is ‘The One Stop DeFi Interoperable Solution‘, as TosDis includes not only the classic yield farming used in decentralized finance, but also Staking-as-a-Service, Liquid Staking, Yield Farming-as-a-Service, Peer-to-Peer Lending and Borrowing and a DEX that should have near-zero fees.
In short, a DeFi protocol that will certainly generate buzz in the coming months. It also has a token called DIS which was launched through an IDO and was added to Uniswap. It was then immediately listed on two major exchanges: Bithumb and Gate.io!
Understanding the TosDis protocol
Staking as a Service: An innovative solution that allows staking any ERC20 token (later also other types of tokens). Clearly, in order to be able to stake we need pools, and for each token, it will be possible to create a pool by paying a fee. This fee will be divided into three parts: 45% will be burned (the DIS token has a deflationary supply), 10% will go to the TosDis foundation and the remaining 45% will be divided between the various DIS liquidity providers. Earnings, on the other hand, will be distributed equally among all stakers during the mining of each new block.
Yield Farming as a Service: This is the classic Yield Farming service that has become popular in recent months due to the rapid rise of DeFi projects.
Liquid Staking: With the arrival of ETH 2.0, the Ethereum network is changing its ecosystem by replacing the famous miners with nodes, i.e. computers that are staking to keep the network active and secure. However, the minimum allowed for staking on Ethereum is 32 ETH, which is a lot of money for most people. TosDis solves this problem by allowing users to stake with much lower amounts of ether and even get a liquid token to exchange freely, in this case the dETH token. If, on the other hand, other tokens are staked, we will receive these tokens pegged 1:1 with the staked token. In this case too, there will be a staking fee of 10% for the TosDis ecosystem, the validators and the various nodes.
DEX: Of no less importance is the DEX that will arrive in the future and that will solve many problems, thanks to advanced functions not present in today’s DEXs such as stop-loss or take-profit orders. But we will talk about this once we have tested the DEX.
TosDis is a DeFi Cross-Chain project and, after Ethereum, it will release Staking and Yield Farming functionalities also on Binance Chain, Polkadot, Tron and EOS. The team is public so the project should be legitimate!
The DIS token
The token behind TosDis is called DIS and was created in 100,000 units. The distribution of the token is the following:
- 35,000 DIS Auction
- 10,000 for the Team (with 4 releases, 25% at a time every 6 months)
- 9,000 for Marketing
- 1,000 for Advisors
- 5,000 for Uniswap and various listings
- 40,000 for Staking Rewards and Yield Farming.
The token was listed immediately on Gate.io and today, January 25th, 2021, also on Bithumb (a top 10 exchange globally). The DIS price is currently around $122, with an estimated market cap of around $12 million (counting all tokens in circulation). Given its deflationary nature, supply will steadily decrease so the price is likely to rise. At the moment, the ATL of the token is $89 and the ATH is $144. There hasn’t been much change in price as is often the case with new tokens, so I expect a slow but steady climb (as is the case with any legitimate DeFi project).