What Is DSLA protocol (DSLA)?
DSLA network (DSLA) is a platform that reduces the risk of staking for users in blockchain technology. The network uses proof-of-stake (PoS) to validate third-party staking serviceproviders.The platform analyses third-party risks by the trading outcome and controls users' exposure to avoid risks. If the third-party staking service provider is genuine, the platform uses DSLA protocol, a risk management protocol that allows users to trade with the third-party staking service providers. The DSLA protocol aims to encourage users and third-party staking service providers to trade via a peer-to-peer marketplace of service level agreements (SLA).
The DSLA protocol's SLA ensuresconsistent service performance for a period and provides a remedy to the user if the service performs below average. Further, developers can create community-driven agreements on the marketplace and earn fees when users utilize the service. The users can predict the performance target of the liquidity pool and claim rewards. The user can also claim rewards if the service is below average. Also, the users can access the protocol on Ethereum, Binance smart chain, Polygon, Harmony, Fantom, and Avalanche blockchain.
DSLA is the native token of the DSLA protocol. The token allows users to access the DSLA protocol service and publish SLAs. Users can claim rewards in DSLA tokens to issue SLA to the marketplace. The developers can also claim rewards for completing protocol maintenance tasks.
Moreover, every time a maintenance task gets completed, DSLA tokens get burned. Burning means removing tokens from circulation, reducing the total supply of the tokens.
In the upcoming months, the protocol aims to enroll for the DSLA academy and earn non-fungible tokens (NFTs) to improve the protocol's performance. The protocol aims to launch a major version of the DSLA protocol by the year’s end.
History of DSLA Protocol (DSLA)
Wilhem Pujar and Jean-Daniel Bussy cofounded the DSLA protocol in the second quarter of 2019.
The total supply of the DSLA Protocol is 111,640,448.22319 DSLA.
