Dfyn Yield Farms Phase 2: Farming Guide
Vesting made simpler.
This is a quick guide to simplify the farming schedules of various farms which are currently live on the Dfyn exchange. We received feedback from the community that it expects more clarity on vesting schedules and this guide will simplify it for all.
Popular Farms: https://exchange.dfyn.network/#/flora-farms
In the Popular Farms category of the farms — the rewards can be claimed after the farming period ends. The Popular Farms will be ongoing for 1 month till June 24, 2021.
Liquidity providers have the choice between vesting rewards over a period of 6 months. The rewards distribution starts from June 24 with 25% in 4 tranches — Day 0, Day 60, Day 120, Day 180) or immediately unlock all rewards by claiming 50% of their rewards at the end of the staking period. The remaining unclaimed 50% of rewards will be burnt immediately, in case of the early redemption option.
By default the option of vested rewards is enabled for all the farms, if you wish to receive immediate rewards on the day farming ends( after 50% slashing) then you have to toggle the vesting button on the farm page.
In the first 30 days, people get to choose as many times but after 30 days a snapshot would be taken to lock the choices of the vesting option. It’s best to decide early and freeze the choice for once and all.
Single Asset Vaults: There are two categories of Single Asset Vaults — 4 months and 6 months. Let’s explain the vesting here for the 6 months (180 days) vault here with the help of an example.
The 6-months Vault will give a 40% return in 6 months. This means 100 DFYN staked in the vault will earn 40 DFYN tokens as rewards.
The important thing to note is that in this vault both the principal (100 DFYN) and the rewards (40 DFYN) will start vesting from Day 0 itself. This means a total of 140 DFYN start linear vesting from Day 0 till Day 180. Rewards are calculated every second and can be claimed as many times as a user wants to.
After 10 days have passed — a user will be able to withdraw — (10/180) * 140 = 7.77 DFYN tokens.
Dual Farming Pools: Dual Farming pools work exactly like traditional farms and are not subjected to any kind of vesting. Users can enter/exit farms anytime and claim their rewards anytime.
To summarize :
Reminder : Pre-staking farms have ended and there are many farms which are overlapping with Pre-staking farms and Popular farms. If you are still staking in pre-staking farms, we suggest you shift to Popular farms.
About Dfyn
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.
Website: https://www.dfyn.network/
Telegram: https://t.me/Dfyn_HQ
Telegram Announcement : https://t.me/dfynofficial
Twitter: https://twitter.com/_DFyn
