Introducing Dfyn V2 Farming: A User’s Guide to Enhanced Rewards

Introduction:

Staking and incentive systems are the heartbeats of the decentralized finance (DeFi) landscape, driving user engagement and liquidity provisions. Dfyn, a notable player in the decentralized exchange arena, has crafted a compelling farming model to stimulate user participation. This piece delves into the intricacies of Dfyn V2’s farming model, shedding light on its staking and incentive mechanisms.

Incentive Participant:

An incentive participant embodies any user who engages with the available incentives with the prospect of reaping rewards. By actively participating in the platform’s incentive programs, users can unlock an avenue for earning valuable rewards.

Active liquidity, a term used in the Dfyn ecosystem, refers to the state where a user’s supplied liquidity is within the defined price range and can be utilized for swaps.

The act of subscribing to an incentive program involves a system that factors the liquidity provision duration in the pool for reward computations. The potential rewards amplify with the user’s active liquidity longevity within the pool. Thus, the duration of liquidity provision in the pool significantly influences the eventual rewards the user is entitled to.

The reward calculation procedure takes into account the user’s relative share of liquidity in the pool in relation to the overall reward allocation for the specific incentive they have enlisted. This ensures equitable distribution of rewards, reflecting the user’s input to the liquidity pool and their commitment to the chosen incentive program.

Active participation in these incentives doesn’t only yield potential rewards for the users, but also fuels the liquidity and trading dynamism of the pool, making their involvement a significant pillar in the ecosystem’s growth.

Step 1 :

After adding liquidity to a token pair, users have the opportunity to subscribe to ongoing incentive programs associated with the respective pool. By subscribing, they stake their NFT and can earn rewards for their participation and engagement in the program.

Step 2 :

Users can seamlessly claim their accumulated rewards after subscribing to an incentive program and earning rewards. The claiming process is user-friendly and straightforward, enabling participants to effortlessly access the benefits of their engagement.

Overview:

Dfyn V2’s farming model stands out as a sturdy and interactive framework that propels both user participation and liquidity provision. A comprehensive understanding of this system’s inner workings enables users to make strategic and informed decisions about their involvement in the Dfyn V2 farming landscape. Crafted with a clear emphasis on user experience, the platform’s smart contract architecture enables a smooth, streamlined, and rewarding experience for all participants. Undeniably, Dfyn V2 has been designed as a dynamic arena for fostering productive engagement within the DeFi ecosystem.