Polygon grants Dfyn Exchange $500,000 for Incentivized Liquidity Program

Dfyn Exchange – the first gasless exchange and a multi-chain AMM with nodes live on Fantom and Polygon, has received $500,000 worth of $MATIC rewards from Polygon for boosting liquidity in various MATIC pairs. 

Dfyn is one of the top AMM DEX with over $100 million in liquidity spread across Fantom and Polygon, Dfyn plans to expand to other chains like BSC, Avalanche, Algorand, etc. in the coming future and will be using Router Protocol’s XCLP to facilitate cross-chain swaps. 

The rewards will be matched by almost a factor of two by Dfyn and a total reward of $1,100,000 will be given to the community in the form of liquidity incentives to further stimulate users to add liquidity to these pools. 

More details about these farms are given below:

MATIC-wBTC 

This pool will be launched under the category of “Launch Farms,” with a total reward pool of $150,000 worth MATIC and $300,000 worth DFYN tokens accruing over a 60-day period. The rewards accrued from this farm will be vested over a period of 8 months after the farm ends (20% in 5 tranches — Day 0, Month 2, Month 4, Month 6, Month 8). 

MATIC-USDC 

This pool will also be launched under the “Launch Farms“ category and follow the same structure as the MATIC-wBTC farm. This 60-day farm will have a total reward pool of rewards worth $150,000 in MATIC and $300,000 in DFYN tokens, with users accrued rewards vested over a period of 8 months. 

MATIC-DFYN 

This pool will be launched under the category of “Dual Farms“ and will have total rewards worth $200,000 in MATIC tokens $500,000 in DFYN tokens accruing over a period of 4 months. In this farm, the rewards accrue block by block and can be claimed anytime.

The farms will be launched on 15th Dec, 2021 (Wednesday) and will be announced on Dfyn’s Medium once they are deployed. To keep getting regular updates from Dfyn – you can join their Telegram channel.

Disclaimer: This is a paid post and should not be treated as news/advice.