Introducing DFYN Yield Farming Phase 2
As the first phase of yield farming on Dfyn.network comes to an end, we are pleased to announce the next phase of Dfyn farming programs for the DeFi community.
The first phase of farming was targeted towards popular pairs like WBTC/ETH, USDT/USDC. The second phase will continue to have these popular farms that saw a rapid rise in TVL up to almost 250m in under six days, making us one of the most popular DAPPs in the Polygon ecosystem, and among the most popular DEXes globally, both in terms of volume as well as liquidity. This phase will also have a number of opportunities for $DFYN token holders to participate in farming. We hope the growing DFYN community continues to take advantage of these attractive farming opportunities.
There are three broad categories of farming — single asset pools, dual farming pools, and popular & stable coin pools.
Single Asset Pools
Single asset pools allow stakers to earn a fixed amount of tokens over the vesting period. Both the staked amount and the rewards will vest linearly. This option is great for farmers who want a simple vault-like solution for their DFYN tokens ( and soon Route tokens).
Single Asset Pool: DFYN 4-Month Vault
In this pool, Dfyn community can stake up to 500,000 $Dfyn tokens for a duration of 4 months and earn 100,000 $DFYN tokens as rewards. This would translate to extra 20% tokens for staking your tokens for 4 months. In other words — for every $DFYN token you stake, you receive 0.2 $DFYN token as a reward in 4 months. The vault will fill up on a first-come-first-serve basis.
The pool staked and rewards accrued can be claimed linearly over the period of 4 months.
Single Asset Pool: DFYN 6-Month Vault
In this pool, Dfyn community will have the option to stake up to 500,000 $DFYN tokens for a duration of 6 months and earn 200,000 $DFYN tokens as rewards. This would translate to extra 40% tokens for staking your tokens for 6 months. Basically, for every $DFYN token you stake, you receive 0.4 $DFYN token as a reward in 6 months.
The pool staked and rewards accrued can be claimed linearly over the period of 6 months.
Dual Farming Pools
Dual Farming pools allow users to stake LP tokens and earn rewards in 2 different tokens.
Dual Farm: Stake ROUTE/DFYN LP Tokens
In the ROUTE/DFYN LP pool— members of the Dfyn and Router communities will have the option to stake their ROUTE/DFYN LP tokens for a duration of 2 months and earn $DFYN and $ROUTE tokens as rewards. This pool will have daily rewards of 2000 $ROUTE tokens and 8000 $DFYN tokens which will be distributed amongst all liquidity providers in proportion to their liquidity position in the pool. In dual farms, there is no lock-in period of assets and also rewards will accrue block by block and can be claimed and withdrawn anytime.
Dual Farm: Stake ZEE/DFYN LP Tokens
In the ZEE/DFYN pool— members of ZeroSwap and Dfyn communities will have the option to stake their ZEE/DFYN LP tokens for a duration of 2 months and earn $ZEE and $DFYN tokens as rewards. This pool will have daily rewards of $ZEE tokens and $DFYN tokens which will be distributed amongst all liquidity providers in proportion to their liquidity position in the pool. In dual farms, there is no lock-in period of assets and also rewards will accrue block by block and can be claimed and withdrawn anytime.
Popular and Stablecoin Pools
There will be a total of 11 pools that will allow users to stake their stablecoins, including DAI, USDT and USDC as well as other coins like ROUTE, DFYN, Matic, and ETH for a period of 1 month. These pools will have high rewards resulting in significant APRs. The rewards can be claimed at the end of the staking period i.e. 1 month. Liquidity providers will have the choice between delayed vesting of rewards by over a period of 6 months (25% in 4 tranches — Month 0, Month 2, Month 4, Month 6) or immediate 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.
We hope the DFYN community will welcome the addition of these new pools.
Please note that we have more farming initiatives rolling out over the next few weeks with some of the partners that we have announced recently and will continue to announce these over the next few weeks and months. Stay tuned!
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
