EasyFi, a layer 2 DeFi lending protocol for digital assets, has recently launched its much-awaited Dual Farming program. According to EasyFi’s recent official announcement, they expressed how pleased they are to add utility to their EZ token. The token will now also be available on the Dfyn network through the new LP token farming program conducted on the Dfyn Network Dual Farm module on their exchange. The dual farming pool at Dfyn allows users to stake LP tokens and earn rewards from two different tokens. In this case, users can Stake EZ/DFYN LP tokens and also Farm EZ and DFYN tokens.
In the EZ/DFYN LP pool, members of the EasyFi and Router communities can choose to stake their EZ / DFYN LP tokens for two months and receive EZ and DFYN tokens as rewards. The group will receive 18,000 USD in EZ and DFYN token rewards, which will be distributed in proportion to the liquidity positions of all liquidity providers in the group. In Dfyn dual farms, there is no asset lock-in period, rewards will accumulate block by block. Rewards can be collected and withdrawn at any time.
Dfyn is a multi-chain AMM DEX currently running on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points entering the inter-chain liquidity super mesh enabled by the router protocol.
EasyFi is a general purpose Layer 2 lending protocol built for DeFi that focuses on scalability, composability, and adoption. It is designed as an open and inclusive financial network infrastructure that runs on public networks to facilitate end-to-end lending and borrowing of digital assets and associated financial products. EasyFi is an automation system, and it doesn’t require permission.
In conclusion, the launch of dual farming program by EasyFi’s is one of their recent noteworthy milestone and an important one too. The official Medium announcement has a detailed guide on how to participate in the program.
Users will require a Metamask extension and will have to go to the Dual Farming tab and follow EasyFi’s instructions to be able to deposit, transact and claim rewards via this program. EasyFi is the first protocol in the DeFi space to enable dual token farming, this enables markets launched on EasyFi to be able to incentivize EasyFi users to interact with them.
