Phase 6 of DFYN Yield Farming Announced
DFYN recently announced introducing the sixth phase of its liquidity mining project on the Dfyn.network, which follows the fifth phase of yield farming on the platform.
The DFYN exchange has seen remarkable growth in terms of user base and TVL since the launch of the $DFYN token in May. DFYN has launched an intricate campaign in the form of liquidity incentivization to reward community members who have continuously shown their faith in the project. The Dfyn.network has maintained its status as one of Polygon’s top DEXes during the first five phases of this campaign.
Like the previous ones, the current farming phase will offer a variety of possibilities for the DFYN community where it can stake tokens and receive attractive prizes.
The ROUTE-DFYN dual farm and other ecosystem farms were extended for one more month in the fifth round of the liquidity mining effort. The famous farms, on the other hand, were renewed for 15 days. The company mentioned that they are working on restoring popular forms for 45 days in the sixth phase. Three new ecosystem farms (RAZOR-ETH, SING-DFYN, and BIFI-DFYN), along with a new dual farm named RAZOR-DFYN will be added to the sixth phase of farming.
Important things to know
DFYN specified a few essential things regarding the sixth phase:
Existing Farms: The upcoming new farms will have no impact on the status of existing farms. All of the existing farms will continue to operate as intended.
Rewards: Staking money in phase 5 famous farms comes with the option of early redemption, allowing users to opt out of vesting their $DFYN incentives by foregoing 35% of their earnings. The profits from the fifth phase of farms will be gathered and burned by the end of this week, just like they did with the fourth phase.
Popular and Stablecoin Pools
There will be around 16 pools where users may stake their stablecoin, such as DAI, USDT, USDC, and UST, along with other coins like WBTC, ETH, CURVE, and UNI for 45 days. Rewards in these pools will be substantial, resulting in large APRs. The prizes are available at the end of the 45-day staking period.
Ecosystem Farms
DFYN has chosen to add three more ecosystem farms in this round of liquidity mining in response to the overwhelming demand for ecosystem farms. There is no asset lock-in period in ecosystem farms. Rewards are earned in every block, and the user can claim to withdraw.
