Matrixswap’s Liquidity Mining Phase 2 on Dfyn Announcement

A huge thanks to everyone who has participated in Phase 1 of our Liquidity Mining Program on Dfyn. As we slowly wrap up Phase 1 (ending on October 13th), we want to discuss the specific details involved in the 2nd Phase.

Phase 1 Wrap-Up

Phase 1 of our Liquidity Mining Program had close to $1million in Total Value Locked (TVL) and a total of 450,000 $MATRIX tokens will be rewarded to those who participated!

Rewards for Phase 1 can be claimed over a period of 8 months in five tranches — last day of staking, Day 60, Day 120, Day 180, and Day 240.

*FYI, users who have participated in Phase 1 have to manually unstake their MATRIX/ETH LP Tokens from the farm.

Phase 2 Details

Below are details of Phase 2 of our Liquidity Mining Program. Each pool is uniquely different so please read carefully.

Single Asset Pool — $MATRIX

  • To participate in the Single Asset Pool, users will have to stake $MATRIX to get $MATRIX rewards.
  • For every token locked, you will get 0.3 $MATRIX tokens. Basically, for every $MATRIX token you stake, you’ll receive 0.3 $MATRIX as a reward in 6 months.
  • This pool will start on October 14th, 2021.
  • This pool will end in April 2022.
  • 60% APR
  • The pool staked and rewards accrued can be claimed linearly over the period of 6 months.

Dual Farming Pool #1 — $MATRIX / $ETH

  • Similar to Phase 1, the MATRIX / ETH pool is back.
  • This pool will start on October 13th, 2021 for a duration of 30 days.
  • Rewards for this pool will be $MATRIX tokens.
  • 5000 $MATRIX tokens per day will be given out as rewards with a total amount of 150,000 $MATRIX for the duration of the pool.

Dual Farming Pool #2 — $MATRIX / $DFYN

  • This pool features the $MATRIX / $DFYN pair.
  • This pool will start on October 13th, 2021 for a duration of 30 days.
  • Rewards for this pool will be $DFYN tokens.
  • 2500 $DFYN tokens per day will be given out as rewards with a total amount of 75,000 $DFYN for the duration of the pool.

Conclusion

A guide on how to stake your $MATRIX tokens in either pool on Dfyn will be made shortly after Phase 2 goes live.

However, you can get more information on Dfyn’s article on Phase 2 here.

This is another milestone for Matrixswap and decentralized finance. Thanks for being a part of our journey.

About Matrixswap ($MATRIX)

Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.

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Decentralized cross-chain perpetual swaps