The Incentivized Liquidity Program from Dfyn Exchange is now accessible.
The Incentivized Liquidity Program is now live on the Dfyn Exchange, and Router are very excited about it. Router dedicated to distributing DFYN tokens to the DFYN group as a whole. Following the telegram airdrop, they will launch a liquidity program to enable liquidity providers to receive DFYN tokens. The majority of the answers to questions about this liquidity program can be found in this post.
The liquidity program started on May 11th and run until May 25th. There will be nine separate pools where everyone can have liquidity in exchange for DFYN tokens. The total daily reward for these pools will be 400,000 DFYN tokens. Except for the ROUTE/ETH pool, all pools will receive the same regular reward of 40,000 DFYN tokens. Since Dfyn will be using Router Protocol’s XCLP to allow cross-chain swaps when they go live, the rewards for the ROUTE/ETH pool will be doubled, i.e. 80,000 DFYN tokens. During the event, the following pools will be open:
The DFYN token rewards will be distributed in stages, with 20% being released on May 25th. The remaining incentives will be released every other month at a rate of 20%. The following is the exact vesting schedule:
The total payout for this initiative will be 5.6 million Dfyn tokens, or 2.24 percent of the total stock. As mentioned in the vesting schedule above, this inflation will be spread out over the next eight months.
On May 10th, at 1:30 p.m. UTC, the farms will began. Per pool will have a 24-hour window for staking funds to be deposited. The total funds received in each pool will be considered the first block after 24 hours, and rewards will begin to accrue to everyone based on their pool share. This is done to ensure a level playing field for all stakers at the start, as well as to prevent Bots from ruining other stakers’ APRs.
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. 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.
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.