High Yield Farming Program Now Available on EasyFi and QuickSwap
08 Agosto 2021 - 6:47AM
NEWSBTC
EasyFi Network, the universal layer 2 DeFi lending protocol known
for scalability, composability and adoption has announced the
launch of its high yield farming program. Launched in association
with QuickSwap, this one-of-a-kind LP farming and staking program
went live on August 4, 2021. The collaboration between EasyFi
Network and QuickSwap has enabled the introduction of two programs
where EZ token holders can create liquidity 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
also enables dQUICK holders to stake their tokens on the new EasyFi
staking app and earn EZ tokens at around 50% APR. EasyFi Network
has published detailed instructions for users to participate in
high yield LP token farming on QuickSwap Exchange. To begin yield
farming, users will have to add liquidity into $EZ-$USDC and/or
$EZ-QUICK pools on QuickSwap and receive the corresponding EZ-USDC
and/or EZ-QUICK LP tokens. These LP tokens thus received has to be
staked on the QuickSwap Rewards Module to start QUICK farming. In
order to avail benefits of the high yield farming, users will have
to stake LP tokens for a duration of 45 days. While the QuickSwap
ecosystem plays host to the high yield farming program, enabling
users to earn QUICK tokens, EasyFi will be including support for
dQUICK staking on its new app. dQUICK, short 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 able to farm EZ tokens. Similar to high yield LP
token farming program, the staking duration on EasyFi is also set
at 45 days. Both yield farming programs are set to end on September
7, 2021. The launch of the yield farming program closely follows
another significant development in the EasyFi ecosystem. The EasyFi
Farming Module passed a stringent security audit conducted by
Halborn Security and was included in the EasyFi App. In the coming
days, the entire EasyFi protocol will be audited to ensure no
shortcomings in its infrastructure. Learn more about EasyFi
high yield farming program at –
https://medium.com/easify-network/easyfi-launches-high-yield-farming-programs-in-collaboration-with-quickswap-8dc4c2626720
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