Dfyn Exchange’s Incentivized Liquidity Program is Here!
We are excited to announce that the Incentivized Liquidity Program is now live on the Dfyn Exchange. We are committed to the distribution of DFYN tokens to the wider DFYN community. After the telegram airdrop event, we are launching a liquidity program that facilitates liquidity providers to earn DFYN tokens. This article has most of the answers to your questions regarding this liquidity program.
The liquidity program will be live from May 11th and will go on till May 25th. There will be 9 different pools in which you can provide liquidity and earn DFYN tokens as rewards. These pools will have a combined daily reward of 400,000 DFYN tokens. Barring the ROUTE/ETH pool, all the pools will have an equal weightage of 40,000 DFYN tokens as daily rewards. The rewards for the ROUTE/ETH pool will be double i.e. 80,000 DFYN tokens since Dfyn is using Router Protocol’s XCLP to enable cross-chain swaps when they go live. Following pools will be live during the event:
DFYN token rewards will have a vesting schedule with 20% being released on May 25th. The remaining rewards will be released 20% every other month. The exact vesting schedule is as mentioned below:
There will be a total reward of 5.6M Dfyn tokens for this program which is 2.24% of the total supply. Aren’t you all excited now? This inflation will be spread over the next 8 months as mentioned in the above vesting schedule.
The farms will start at 1:30 pm UTC on May 10th. There will be a 24 hours period for staking funds to get deposited in every pool. After 24 hours, the total funds collected in every pool will be considered as the first block and rewards start accruing to everyone based on their pool share. This is done to ensure a level playing field for all the stakers at the beginning and also to ensure Bots don’t ruin the APRs for others.
We look forward to the community’s participation in the liquidity program.
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 Announcement : https://t.me/dfynofficial
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
Telegram announcements: https://t.me/router_ann