As the twelfth phase of incentivized liquidity mining program on Dfyn.Network comes to an end, DFYN Introduce Yield Farms Phase 13 initiative on Dfyn.network.
In the thirteenth 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.
- With this phase of farms, they are discontinuing the ROUTE-DFYN dual farm.
- They are reintroducing DFYN’s single asset vault which will give a 50% fixed APR.
There will be a total of 6 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: ROUTE-USDC farm will have rewards in $ROUTE. All the other pools will have rewards in $DFYN.
DFYN Single Asset Vault
In this pool, $DFYN token holders can stake up to 1,250,000 $DFYN tokens for a duration of 6 months and earn 312,500 $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.
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.