DSLA Protocol is a new project with utility and a fairly new project with massive room for growth and a lot of partnership potential.
DSLA Protocol is a risk management framework created to enable developers and infrastructural operators to reduce the user’s exposure to service delays, interruptions, and financial losses, using self-executing service level agreements, insurance policies, and crowd-funded liquidity pools.
The DSLA development team is working on Flagship Use Case. DSLA contracts enable proof of stake delegators to hedge against delegation risks. DSLA already has something going on with Harmony One, Polkadot, Cosmos, Avalanche, and so on.
DSLA contracts enable digital art investors, and cryptocurrency liquidity provides a hedge against impermanent loss in NFTs, automated market makers. You can hedge against impermanent loss with the DSLA contract.
The DSLA Protocol can be used to reduce the financial losses of proof of stake delegators and DeFi users. Decentralized SLAs are peer-to-peer outsourcing contracts running on a blockchain network; they can store and release cryptocurrency based on third-party services’ performance analytics. They bring an extra layer of trust to the user-provider relationship by guaranteeing consistent returns for users. DSLA is a project solving a problem, and the protocol is adopted, the more demand will come to the DSLA token.
The DSLA Protocol has token burns as the protocol is being used to execute agreements, and it has a total supply of seven billion coins. The DSLA token powers the DSLA protocol platform.
This project is barely getting started; they just launched the main net 1.0 and their first DAP. You can find that DAP on the DSLA website.
DSLA Protocol launched its main net at the beginning of April. There is a possibility that a lot of utility will be coming from Uniswap, Pancake swap, and Sushi swap. DSLA released the first version of its protocol on the Ethereum Layer 1 blockchain; Layer 2 deployments on Harmony One and Avalanche will be coming shortly.
DSLA Protocol is currently at 111 million dollar market capital, with the volume at 2 million in the 24 hours and a maximum supply of seven billion coins in total.
DSLA is still under two cents. The price of the DSLA coin will greatly depend on the adoption rate of the DSLA protocol, so as we see the project branching out to other blockchains, introducing more decentralized service level agreements, the more projects and people using it, the more it will be taken out of circulation for the liquidity pools to enable contracts.
It will be very interesting to see how this all plays out. Despite DSLA being a much higher risk, a small capital coin that is fairly new and barely launching the main net 1.0, it is exciting to see that they are focused on solving problems and not building a lot of hype and FOMO based around nothing, the way many new projects are doing.
DSLA is having good tokenomics, token burns, and coin locking for liquidity-in-contracts, and this means that there will be more demand for the token.
