Multichain DEX Dfyn is excited to announce that $DFYN, the native token of the Dfyn.network will be launched via Initial Dex Offering (IDO) on Polkastarter.
Dfyn is building a multi-chain AMM which will allow the DeFi community to seamlessly do inter-blockchain swaps. Dfyn aims at solving the problem of liquidity fragmentation across wrapped assets on different blockchains by leveraging the XCLP (Cross-Chain Liquidity Protocol) developed by the Router Protocol. Dfyn’s first instance on Polygon Network is live and has seen over 100,000 transactions with nearly $3 million in community liquidity. The exchange is also processing transaction volumes of over $500,000 every day in its alpha launch.
Transactions on Dfyn are completely gasless, thanks to meta transactions, and are extremely fast. Users of Dfyn will be able to get their orders fulfilled via smart-order routing on the blockchain which offers the best rate.
Dfyn was one of the earliest EVM-based L2 exchanges and was launched on Polygon in September 2020. The team since then has worked tirelessly to improve exchange performance, build new side products and attract liquidity to the exchange.
We have been supported by some seasoned entrepreneurs as well as leading DeFI and crypto protocols and founders.
Dfyn is also building a heavy-duty advisory council drawn from some of the leading names in crypto today. More details on this will be coming out soon.
After concluding our seed and private fundraising round with a handful of strategic investors, Dfyn.network is now venturing into the public sale of $DFYN tokens through an IDO. We are excited to announce an IDO on Polkastarter and we hope this will give all of our community members a fair chance to participate in the official token launch.
Details on the maximum allocations, eligibility requirements, IDO price & launch date will be communicated via our social media channels.
The whitelist & launch date on Polkastarter will be announced soon! So keep your ears to the ground and stay tuned to our social media channels to stay updated!
Dfyn is a layer-2 AMM DEX currently functional on the Polygon network and will soon be functional on other blockchains including BSC, HECO, Algorand, Solana, and Avalanche. Dfyn acts as liquidity entry/exit points and as liquidity reservoirs for the liquidity super mesh being built by Router Protocol and is building out key infrastructure for enabling a range of cross-chain DeFi use cases in trading, lending, capital formation, and cross-chain governance.
Polkastarter is a fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.
With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.