Introducing DFYN Yield Farms Phase 12
As the eleventh phase of incentivized liquidity mining program on Dfyn.network comes to an end, we are thrilled to announce the twelfth phase of the yield farming initiative on Dfyn.network.
In the twelfth 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 7 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 1,000 $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.
Discord : https://discord.gg/yjM2fUUHvN
Telegram Announcements: https://t.me/dfynofficial