Router Protocol and Polygon Partners with DFyn to launch L2 GalaxyFarm

08 Mar, 2021 Updated 08 Mar, 2021

By Achal Arya

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Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.

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Given increasing Ethereum costs and the high friction associated with L1, Polygon and Router are teaming up with leading crypto projects to enable instant, gasless trading and farming for Defi.

Background : Router Protocol is building a cross-chain liquidity protocol and the first node of the Router Protocol is Dfyn.network which is a functional AMM based DEX on Polygon (Previously Matic). This yield farm will be based on Dfyn.network, i.e. the projects and participants will have to add liquidity on the Dfyn.network to be able to participate in the L2 GalaxyFarm which will introduce gasless farming for this ecosystem.

Projects from the Polygon and Ethereum ecosystem will be participating in GalaxyFarm to reward their communities in the cross-project farming experiment.

The project will run in cohorts and there will be a minimum of 3 cohorts. A project can be part of 1 or many cohorts. Assuming, there will be 6 projects in each cohort. Router and Polygon will be participating in each cohort, which leaves space for 4 projects in each cohort.

The special thing about these farms is that users will be able to stake just 1 LP pair and earn rewards of 6 different tokens at the same time. For example the user staking ROUTE will earn tokens of ROUTE, POLYGON and 4 other cohort participant projects at the same time. The rewards will be distributed in equal ratio. For example 60$ rewards will mean 10$ of ROUTE and 10$ of POLYGON and so on.

Each project will be adding rewards of $30,000 to the pool so overall $180,000 of rewards will be distributed for the liquidity providers over 30 days. Staking period will be for 30 days and Users are allowed to un-stake anytime.

Previously Router Protocol had launched SpaceFarm which was a runaway hit among the communities. GalaxyFarm will be launched on March 9th, at 2 PM UTC.

Join us our community and get all your questions answered Route
TG – t.me/routerprotocol
DFyn TG – t.me/Dfyn_HQ

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.