Nord Finance and GalaxyFarm Announce a Farming Partnership
Nord Finance is pleased to announce a partnership with GalaxyFarm-2, a new staking product built by Router Protocol, to enable Nord Finance liquidity providers to farm multiple tokens in the GalaxyFarm — 2 pool. The launch of GalaxyFarm-1 was a huge success. In just a few hours after the launch, more than $2.5 million TVL had been raised.
Yield farming has swept the crypto industry, being one of the most common ways to benefit from cryptocurrency investments in 2020. However, the enormous popularity of yield farming has resulted in the emergence of various farming protocols, each vying for a piece of the market. Participation has been further hampered by the high gas fees associated with accessing and leaving the pools on the Ethereum blockchain.
Thanks to GalaxyFarm, a new-generation, gas-efficient staking protocol built by Router Protocol, these yield farming constraints will be a thing of the past.
GalaxyFarm provides users with exposure to a variety of different tokens while also offering competitive APYs on a gasless Layer-2 (Polygon based) AMM. All transactions (including pair swapping) within Dfyn AMM are gasless, with the exception of entering and exiting the network.
On April 6th, GalaxyFarm launched its second cohort of DeFi projects on dfyn.network, a Polygon Router Protocol node.
The cohort members will combine their native tokens with the Router Protocol native token to create a $300,000 reward pool. Users will be able to stake their $NORD and win prizes in each of the pool’s eleven tokens.
The incentive pool for each protocol is set at $30,000.
Router Protocol, Frontier, Union Finance, Nord Finance, Glitch Finance, Stater Finance, Razor Network, MantraDAO, Rage.Fan, IGGalaxy, Coreto are among the participating projects.
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
Dfyn is a layer-2 AMM DEX currently functional on the Polygon network. Dfyn acts as Router protocols liquidity node and will soon be functional on other blockchains