EasyFi Community, the common layer 2 DeFi lending protocol recognized for scalability, composability and adoption has introduced the launch of its excessive yield farming program. Launched in affiliation with QuickSwap, this one-of-a-kind LP farming and staking program went stay on August 4, 2021.
The collaboration between EasyFi Community and QuickSwap has enabled the introduction of two applications the place EZ token holders can create liquidity swimming pools with USDC and QUICK tokens on Polygon Community’s QuickSwap Alternate. They’ll then use the LP tokens to farm QUICK tokens. In the meantime, the partnership additionally allows dQUICK holders to stake their tokens on the brand new EasyFi staking app and earn EZ tokens at round 50% APR.
EasyFi Community has printed detailed directions for customers to take part in excessive yield LP token farming on QuickSwap Alternate. To start yield farming, customers should add liquidity into $EZ-$USDC and/or $EZ-QUICK swimming pools on QuickSwap and obtain the corresponding EZ-USDC and/or EZ-QUICK LP tokens. These LP tokens thus obtained needs to be staked on the QuickSwap Rewards Module to begin QUICK farming. So as to avail advantages of the excessive yield farming, customers should stake LP tokens for a length of 45 days.
Whereas the QuickSwap ecosystem performs host to the excessive yield farming program, enabling customers to earn QUICK tokens, EasyFi might be together with assist for dQUICK staking on its new app. dQUICK, brief for “Dragon’s Fast” is the asset one receives after depositing QUICK into the staking contract on QuickSwap. By staking dQUICK on EasyFi App, token holders will have the ability to farm EZ tokens. Just like excessive yield LP token farming program, the staking length on EasyFi can also be set at 45 days.
Each yield farming applications are set to finish on September 7, 2021.
The launch of the yield farming program intently follows one other vital improvement within the EasyFi ecosystem. The EasyFi Farming Module handed a stringent safety audit performed by Halborn Safety and was included within the EasyFi App. Within the coming days, your entire EasyFi protocol might be audited to make sure no shortcomings in its infrastructure.
Be taught extra about EasyFi excessive yield farming program at – https://medium.com/easify-network/easyfi-launches-high-yield-farming-programs-in-collaboration-with-quickswap-8dc4c2626720