Given increasing Ethereum costs and the high friction associated with L1, Polygon and Router are teaming up with leading crypto projects to enable instant, gasless trading, and farming for Defi.
Router Protocol is building a cross-chain liquidity protocol and the first node of the Router Protocol is Dfyn.network which is a functional AMM-based DEX on Polygon (Previously Matic). This yield farm will be based on Dfyn.network, i.e. the projects and participants will have to add liquidity on the Dfyn.network to be able to participate in the L2 GalaxyFarm which will introduce gasless farming for this ecosystem.
Projects from the Polygon and Ethereum ecosystem will be participating in GalaxyFarm to reward their communities in the cross-project farming experiment.
This is going to be the second cohort of the program. The first cohort saw participation from leading projects like Polygon, Router Protocol, Mantra DAO, EasyFi, and Razor Network. The second cohort will have 10 different projects participating in the cohort.
The special thing about these farms is that users will be able to stake just 1 LP pair and earn rewards of 10 different tokens at the same time. For example, the user staking ROUTE will earn tokens of ROUTE, Nord Finance, Frontier, Glitch Protocol, IGGalaxy, Stater Finance, MantraDAO, Razor Network, Union Finance, and Rage.Fan tokens at the same time. The rewards will be distributed in an equal ratio. For example, 100$ rewards will mean 10$ of ROUTE and 10$ of Participant A, 10$ of Participant B, and so on.
Each project will be adding rewards of $30,000 to the pool so overall $300,000 of rewards will be distributed for the liquidity providers over 30 days. Staking period will be for 30 days and Users are allowed to un-stake anytime.
GalaxyFarm will be launched on April 6th.
Join us in our community and get all your questions answered
Route TG – t.me/routerprotocol
DFyn TG – t.me/Dfyn_HQ
Galaxy Farm – https://galaxyfarm.routerprotocol.com/
Disclaimer: This is a paid post and should not be taken as news/advice.