Nord Finance announced partnership with GalaxyFarm-2, a new equity product developed by the Router Protocol to enable Nord Finance’s liquidity providers to collect multiple tokens in the GalaxyFarm-2 pool. GalaxyFarm-1 has been launched very successfully. Just hours after launch, TVL grew to over $ 2.5 million.
Income farming has taken the crypto industry by storm and has become one of the most popular ways to earn returns on crypto investments in 2020. However, the enormous increase in popularity of high-yield farming has led to the creation of numerous breeding protocols, each competing for the same market share. High gas fees for entering and leaving pools on the Ethereum blockchain continued to negatively impact participation.
These limitations in high-yield agriculture are a thing of the past thanks to GalaxyFarm, an efficient next-generation gas stacking protocol developed by the Router Protocol.
GalaxyFarm gives users the ability to be exposed to a variety of different tokens and offers competitive APYs on a gas-free Layer 2 AMM (polygon-based). Ethereum fees only apply when entering and leaving the network. All operations (including co-exchange) within the Dfyn AMM are gas free.
GalaxyFarm will launch its second batch of DeFi projects on April 6 at dfyn.network, a router protocol node in Polygon.
Cohort participants will contribute their local tokens along with the local router protocol token to create a $ 300,000 prize pool. Users can play their $ NORD and win prizes for all eleven chips in the group.
The prize pool is $ 30,000 per day.
For example users who set $ NORD. Fan tokens in the GalaxyFarm group receive the same service for all participating tokens at the same time.
GalaxyFarm 2 will be available from April 6 and will last 30 days.
Tokens can be removed from the GalaxyFarm pool at any time.
Router-Protocol, Frontier, Union Finance, Nord Finance, Glitch Finance, Stater Finance, Razor Network, MantraDAO, Rage.Fan, IGGalaxy, Coreto are among the projects that are taking part.
About Nord Finance
Nord Finance, an independent blockchain platform, is an advanced decentralized financial ecosystem that focuses on simplifying decentralized financial products for users by highlighting the key features of traditional finance. Embedded in the Ethereum network, it integrates multi-chain interoperability, thus recommending a variety of financial principles that create savings, advice, credit against assets, investment/fund management, and compensation.