We are pleased to announce that Dfyn will be joining forces with Polycat, a hybrid yield aggregator, to provide new opportunities for our communities to earn attractive rewards and put their capital to good use.
With over $170 million in total value locked (TVL) on Dfyn, the community has shown that it likes to take advantage of any and all yield opportunities the network has to offer. As interest both in the Dfyn exchange and the $DFYN token continues to rise, we’ve decided to expand our offering and partner with another promising Polygon project.
Polycat is a Polygon-based sustainable hybrid yield aggregating project with over $180 million in TVL. The platform provides infrastructure that enables users to earn rewards by providing liquidity to various pools, focusing on ease of use and automation.
DFYN-FISH LP on Dfyn Popular Farms
As part of Dfyn’s collaboration with Polycat, $DFYN will be paired with $FISH, Polycat’s native token, and added to the DFYN Popular Farms. The first set of rewards for providing DFYN-FISH liquidity will be distributed for 2 months, with stakers receiving 3,000 $DFYN tokens every day.
DFYN FISH-MATIC LP Staking on Polycat Farms
Polycat will be adding a FISH-MATIC pair to Polycat Farms for DFYN FISH-MATIC LP tokens. By adding liquidity to the FISH-MATIC pair on Dfyn Exchange, users will be able to earn LP fees and then further stake those tokens on Polycat for 60x rewards.
Aside from increasing liquidity for the popular trading pair, users will also be able to access a very attractive APY — Polycat’s key feature is its ability to compound rewards every day, providing users with one of the most attractive earning opportunities on the market.
Single Asset $DFYN pool on Polycat
Additionally, we have also identified the need for more single-asset staking vaults on Dfyn. All of our available single-asset staking pools on Dfyn Farms were completely subscribed within hours of launch, with the demand growing each day. Our partnership with Polycat will provide users with yet another opportunity to stake just their $DFYN tokens to earn yields. Polycat will be adding a single-asset $DFYN pool with a 10x reward multiplier, enabling users to earn yields in $FISH tokens.
Stay tuned for more updates about concrete launch dates for our upcoming pools and other news regarding our collaboration with Polycat.
About Polycat Finance
Polycat Finance (FISH) is a next-generation automated market-making (AMM) decentralized exchange with a deflationary token model. As a value-oriented, economically sustainable hybrid yield aggregator on the Polygon Network, Polycat’s aim is to create a perpetual deflation token with a continual burn mechanism that can sustain long-term gains with consistently high APR for greater earnings.
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.
Telegram Announcements: https://t.me/dfynofficial