EasyFi Community, the common Layer 2 DeFi credit score protocol recognized for scalability, composability, and adoption, has introduced the launch of its Excessive Yield Agriculture program. This distinctive LP farming and staking program was began in collaboration with QuickSwap and went stay on August 4, 2021.
The collaboration between EasyFi Community and QuickSwap has enabled the launch of two applications whereby EZ token holders can create liquidity swimming pools utilizing USDC and QUICK tokens on Polygon Community’s QuickSwap Trade. You’ll be able to then use the LP tokens to farm QUICK tokens. Within the meantime, the partnership additionally permits dQUICK holders to position their tokens on the brand new EasyFi staking app and earn EZ tokens at an efficient annual rate of interest of round 50%.
EasyFi Community has printed detailed directions for customers to take part in high-yield LP token farming on QuickSwap Trade. To start out yield farming, customers want so as to add liquidity in $ EZ- $ USDC and / or $ EZ-QUICK swimming pools on QuickSwap and obtain the suitable EZ-USDC and / or EZ-QUICK LP tokens. These LP tokens obtained on this means have to be used within the QuickSwap reward module with a view to begin QUICK farming. To make the most of high-yield agriculture, customers should use LP tokens for a interval of 45 days.
Whereas the QuickSwap ecosystem is internet hosting the high-yield farming program that permits customers to earn QUICK tokens, EasyFi will provide assist for dQUICK staking in its new app. dQUICK, quick for “Dragon’s Fast”, is the asset that one receives after depositing QUICK into the staking contract on QuickSwap. By staking out dQUICK within the EasyFi app, token holders can farm EZ tokens. Much like the high-yield LP token farming program, the staking length with EasyFi can be set at 45 days.
Each excessive yield farming applications finish on September 7, 2021.
The beginning of the yield farming program follows one other important growth within the EasyFi ecosystem. The EasyFi Farming Module has handed a strict safety audit by Halborn Safety and has been included within the EasyFi app. Within the coming days, the complete EasyFi protocol will probably be checked to make sure that there aren’t any deficiencies in its infrastructure.
Study extra concerning the EasyFi excessive yield program at – https://medium.com/easify-network/easyfi-launches-high-yield-farming-programs-in-collaboration-with-quickswap-8dc4c2626720
