EasyFi Network, 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 Network 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 Network’s QuickSwap Exchange. They can then use the LP tokens to farm QUICK tokens. Meanwhile, 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 Network has printed detailed instructions for customers to take part in excessive yield LP token farming on QuickSwap Exchange. 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 acquired needs to be staked on the QuickSwap Rewards Module to begin QUICK farming. In order to avail advantages of the excessive yield farming, customers should stake LP tokens for a period of 45 days.
While the QuickSwap ecosystem performs host to the excessive yield farming program, enabling customers to earn QUICK tokens, EasyFi can be together with assist for dQUICK staking on its new app. dQUICK, brief for “Dragon’s Quick” is the asset one receives after depositing QUICK into the staking contract on QuickSwap. By staking dQUICK on EasyFi App, token holders will be capable to farm EZ tokens. Similar to excessive yield LP token farming program, the staking period on EasyFi can also be set at 45 days.
Both yield farming applications are set to finish on September 7, 2021.
The launch of the yield farming program carefully follows one other important growth within the EasyFi ecosystem. The EasyFi Farming Module handed a stringent security audit carried out by Halborn Security and was included within the EasyFi App. In the approaching days, the complete EasyFi protocol can be audited to make sure no shortcomings in its infrastructure.
Learn extra about EasyFi excessive yield farming program at – https://medium.com/easify-network/easyfi-launches-high-yield-farming-programs-in-collaboration-with-quickswap-8dc4c2626720