Dfyn v2 Trading Competition is now live on Arbitrum
As Dfyn set out to revolutionize its architectural framework, the core objective was to transform the platform into a comprehensive hub for all financial needs. Recognizing the importance of broadening our capabilities across multiple chains, we took strategic strides towards this vision.
Just last week, we identified two prospective Layer 2 networks earmarked for immediate expansion: zkSync and Arbitrum.
Understanding the critical role our community plays in shaping the direction of our platform, we sought your guidance to decide which chain should receive our immediate attention.
Your voice was loud and clear: Arbitrum was the community’s definitive choice.
For those keen on understanding the benefits of incorporating Arbitrum into the equation, we suggest diving into our informative blog post here..
Now that we’ve finalised the integration, it’s time to focus on adoption. And that’s why we’re introducing our latest trading contest with a prize pool of 200,000 $DFYN starting from 8:00 PM UTC on 28th June and ending on 8:00 PM UTC on July 13, 2023.
The contest is devised to fuel rapid adoption of Dfyn on Arbitrum. Consequently, we’ve ensured the participation rules are simple and straightforward, enabling as many users as possible to join in.
First, to register yourself for Dfyn V2’s trading competition, you need to complete the tasks listed here:
https://galxe.com/dfyn/campaign/GCqxkUWFLJ
Once you complete all the tasks, an NFT will be shared with you on your wallet.
Use the same wallet to execute the next set of tasks.
Now that you’re on board with us, you can participate in Dfyn V2’s Limit Order in two ways:
- Execute on-chain limit orders with the defined pairs (see below)
- Swap the defined trading pairs (see below)
Following are the approved trading pairs for both tasks::
- $WETH/$USDC
- $DFYN/$USDC
- $ARB/$WETH
- $ARB/$USDC
- $USDC/$USDT
Instructions for-on-chain limit orders:
Step 1: With Dfyn’s node on Arbitrum, place an On Chain Limit Order with the trading pairs, ensuring that the order is filled.
Step 2: Confirm the transaction.
Once your On chain limit order is placed, the next step is to claim. You can opt for a partial claim or a full claim.
If you want help to successfully place an On Chain Limit Order, check out our tutorial.
For every On Chain Limit Order you claim, you’ll be awarded points mentioned later in the article.
Instructions for conducting swaps:
Step 1: Enter the amount of tokens you want to swap on the interface. Once you do this, Dfyn V 2.0 will automatically find the best rate for you to complete the transaction
Step 2: Click on “Swap” to execute the transaction. Since you’re registered in the guild, your transaction will be automatically recorded on our system.
Here is how the points will be disbursed for the aforementioned activities:
At the end of the contest, wallets ranking in the top 25 positions on our leaderboard will get a stake from our prize pool of 200,000 $DFYN with the following split:
P.S. For the same trading pairs, we are also offering farming opportunities. So you have the unique opportunity to add liquidity to earn compounded rewards.
And finally, if you want to be ingrained in the Dfyn community in a much more extensive manner, feel free to check out these campaigns that we’ve just made live:
https://galxe.com/dfyn/campaign/GCcEkUWA9S
https://galxe.com/dfyn/campaign/GCWJRUS3Lq
About Dfyn:
Dfyn is the world’s first on-chain limit order DEX. It combines the power of an RFQ matching engine with a concentrated liquidity AMM.
