High Yield Farming Program Now Available on EasyFi and QuickSwap
EasyFi Network, the universal layer 2 DeFi lending protocol known for scalability, composability and adoption has announced the launch of its high yield farming program. Launched in association with QuickSwap, this one-of-a-kind LP farming and staking program went live on August 4, 2021.
The collaboration between EasyFi Network and QuickSwap has enabled the introduction of two programs where EZ token holders can create liquidity pools with USDC and QUICK tokens on Polygon Network’s QuickSwap Exchange. They can then use the LP tokens to farm QUICK tokens. Meanwhile, the partnership also enables dQUICK holders to stake their tokens on the new EasyFi staking app and earn EZ tokens at around 50% APR.
About dQuick
Simply put, dQuick is “Dragon’s Quick”. It’s the asset you receive when you deposit your QUICK into the staking contract. Users deposit QUICK, and they get a variable rate of dQUICK in return. The value of dQUICK increases over time as swap fees are generated. When you unstake (or “withdraw” from the staking contract), your dQuick is burned, and you get back more QUICK than you put in — based on the dQUICK rate.
About QuickSwap
QuickSwap is a fork of Uniswap that runs on the Polygon network (formerly Matic Network), a Layer-2 scaling solution for Ethereum. Polygon features lower transaction fees compared to the Ethereum mainnet, enabling QuickSwap to facilitate token swaps at a lower cost relative to exchanges like Uniswap v2. This permission-less decentralized exchange (DEX)
About EasyFi
EasyFi is a universal layer 2 lending protocol built for DeFi focused on scalability, composability, and adoption. It has been designed as an open and inclusive financial network infrastructure to run on public networks to facilitate an end to end lending & borrowing of digital assets and related financial products. EasyFi is being built upon the ethos of permissionless networks & automation of smart contracts.
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