Introducing DFYN Yield Farming Phase 11
Announcing the renewal of popular farms on Polygon, discontinuation of Fantom farms…
With the tenth phase of yield farming on Dfyn.network coming to an end, we are excited to announce the eleventh phase of the liquidity mining initiative on Dfyn.network. This phase entails the renewal of farms on the Polygon chain only.
After carefully considering Fantom’s revised reward policy, which requires a significant uptick in TVL to be eligible for $FTM rewards, we have decided to discontinue our Fantom farms.
As we dive into the eleventh phase of the liquidity mining program, there are a few things that we want to reiterate —
- Ongoing Farms: The launch of new farms will not affect the state of existing farms. All the ongoing farms will continue to function as they are intended to.
- Burning rewards: Staking funds in our phase 10 popular farms comes with an early redemption option which enables users to opt-out of vesting their $DFYN rewards by forsaking 35% of their rewards. As we did with the previous phases of farming, the proceeds from the ninth phase of farms will be collected and burnt within a few weeks.
In the eleventh phase of the liquidity mining initiative, most of the popular farms have been renewed with slightly different pool rates. In this phase of the liquidity mining program, all the farms will run for a duration of 30 days. To reward users who have shown trust in $DFYN and $ROUTE tokens, and by extension in the project itself, ROUTE-DFYN dual farm has also been renewed.
There will be a total of 8 pools that will allow users to stake their stablecoins, such as USDT and USDC, and other popular coins like WBTC, ETH, ROUTE, DFYN, and MATIC for a period of 30 days. These pools will have high rewards resulting in significant APRs. The rewards can be claimed at the end of the staking period i.e., 30 days. Liquidity providers will have the choice between delayed vesting of rewards over a period of 6 months (20% in 5 tranches — Day 0, Month 2, Month 4, Month 6, Month 8) or an immediate unlock of all rewards by claiming 65% of their rewards at the end of the staking period with the remaining rewards burnt.
Note: All rewards are in $DFYN tokens.
Dual Farming pools allow users to stake LP tokens and earn rewards in 2 different tokens. In dual farms, there is no lock-in period of assets and also rewards accrue block by block and can be claimed anytime.
In the ROUTE/DFYN dual farm, members of the Dfyn and Router communities will have the option to stake their ROUTE/DFYN LP tokens for a duration of 1 month and earn $DFYN and $ROUTE tokens as rewards. This pool will have daily rewards of 1,500 $ROUTE tokens and 15,000 $DFYN tokens which will be distributed amongst all liquidity providers in proportion to their liquidity position in the pool.
We hope the DFYN community will welcome the addition of these farms. We have more farming initiatives rolling over the next week. Stay tuned!
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network and Fantom. 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.
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