Introducing DFYN Yield Farming Phase 3
In our bid to serve the Dfyn community with highly rewarding farming programs, we are incredibly excited to announce the third phase of yield farming initiative on Dfyn.network.
The first two phases of the farming initiative have helped Dfyn.network become one of the top DEXes on Polygon, both in terms of volume and TVL. Even though the DeFi market has been going through a bit of a rough patch, Dfyn has still maintained a TVL of over $175M consistently, thanks to the unconditional trust shown by the Dfyn community. Additionally, over the past month, Dfyn has held its status as one of the top DEXes on Polygon and one of the top 30 DEXes overall globally. Our farms have been a key reason for this, in addition to the seamless user experience. As with the previous farms, the third phase of farming will also have a number of opportunities for the DFYN community to stake their tokens and earn attractive rewards.
Before discussing the new farms that are to be launched, we feel it is important to make sure that there is no confusion regarding the status of existing farms - All the dual farms and ecosystem farms under the second phase of farming are still ongoing at https://exchange.dfyn.network/#/dual-farms and https://exchange.dfyn.network/#/eco-farms respectively. The community can expect more farms to be added under these categories as we enter into more partnerships with other promising projects.
The second phase of popular farms will, however, be replaced by a new phase which would include most of the existing farms (with slightly different pool rates) along with multiple new farms. Following the massive success of single asset vaults, we have also decided to launch two new single asset vaults where the community can stake their $DFYN tokens.
Note: Depending on your choice of vesting schedule, you will be able to claim either 25% or 50% of your total rewards when the second phase of popular farms comes to an end.
Single Asset Vaults
DFYN 4 month Vault
In this pool, Dfyn community can stake up to 300,000 $DFYN tokens for a duration of 4 months and earn 60,000 $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 initial capital and the rewards accrued can be claimed linearly over the period of 4 months.
DFYN 6 month Vault
In this pool, $DFYN token holders can stake up to 400,000 $DFYN tokens for a duration of 6 months and earn 160,000 $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 initial capital and the rewards accrued can be claimed linearly over the period of 6 months.
Popular and Stablecoin Pools
There will be a total of 17 pools that will allow users to stake their stablecoins, including DAI, USDT and USDC as well as other coins like WBTC, ETH, ROUTE, DFYN, MATIC, CURVE, and LINK for a period of 1 month. CURVE and LINK are new additions and are a result of the demand from these communities on Polygon. 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 over a period of 6 months (25% in 4 tranches — Month 0, Month 2, Month 4, Month 6) or an immediate unlock of 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.
The third phase of popular farms will feature the following pools and rewards:
We hope the DFYN community will welcome the addition of these new pools. We have more farming initiatives rolling out over the next few weeks with more partners, especially as we roll DFYN out across more blockchains, including the upcoming OKExChain integration. Stay tuned!
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.
Telegram Announcement : https://t.me/dfynofficial