• EasyFi and QuickSwap now offer a high-yield farming program

  • EasyFi Network, the universal layer 2 DeFi lending protocol known for its scalability, composability, and widespread adoption, has announced the launch of its high yield farming program. This one-of-a-kind LP farming and staking program, launched in collaboration with QuickSwap, went live on August 4, 2021.

    EasyFi Network and QuickSwap have collaborated to launch two programs in which EZ token holders can create liquidity pools with USDC and QUICK tokens on Polygon Network’s QuickSwap Exchange. They can then farm QUICK tokens with their LP tokens. Meanwhile, the collaboration allows dQUICK token holders to stake their tokens on the new EasyFi staking app and earn EZ tokens at a rate of around 50% APR.

    EasyFi Network has published detailed instructions for QuickSwap Exchange users to participate in high yield LP token farming. To begin yield farming, users must add liquidity to QuickSwap’s $EZ-$USDC and/or $EZ-QUICK pools in order to receive the corresponding EZ-USDC and/or EZ-QUICK LP tokens. To begin QUICK farming, these LP tokens must be staked on the QuickSwap Rewards Module. Users will have to stake LP tokens for 45 days in order to reap the benefits of high yield farming.

    While the QuickSwap ecosystem is home to the high yield farming program, which allows users to earn QUICK tokens, EasyFi’s new app will include support for dQUICK staking. dQUICK, short for “Dragon’s Quick,” is the asset received after depositing QUICK into the QuickSwap staking contract. Token holders will be able to farm EZ tokens by staking dQUICK on the EasyFi App. The staking duration on EasyFi is set at 45 days, which is similar to the high yield LP token farming program.

    Both yield farming programs will be phased out on September 7, 2021.

    The yield farming program’s launch coincides with another significant development in the EasyFi ecosystem. The EasyFi Farming Module was included in the EasyFi App after passing a rigorous security audit conducted by Halborn Security. The entire EasyFi protocol will be audited in the coming days to ensure that there are no flaws in its infrastructure.

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