View more
As we start this new year, we are thrilled to announce the official launch of Dfyn as the first native decentralized application (dApp) on Router Chain. By opening up the ability for the users to trade tokens directly on the Router chain, this milestone represents a significant leap in the evolution of both Dfyn and Router. This launch marks Dfyn’s foray into the non-EVM space, and we are excited to bring the same seamless and cost-effective trading experience from EVM to Cosmos.
Dfyn’s Journey: From Vision to DeFi Leader
Dfyn has proven itself to be a trailblazer in the decentralized finance (DeFi) ecosystem. From its early days, Dfyn has consistently innovated and expanded its offerings to become a dominant force in the DeFi space. Here’s a quick look at some of the key milestones in Dfyn’s remarkable journey:
- First AMM on Polygon: Dfyn was the first AMM DEX to launch on Polygon, contributing significantly to the Polygon network’s DeFi ecosystem.
- Peak TVL of $300 Million: At its peak, Dfyn reached a Total Value Locked (TVL) of $300 million, showcasing strong user trust and adoption.
- Innovative Community Features: Through initiatives like vDFYN vaults, Dfyn allowed its community to directly participate in and benefit from the protocol’s success.
- Over $3 Billion in Trading Volume: Till date, Dfyn has processed over $3 billion in cumulative trades, underlining its importance as a leading platform in the DeFi space.
- Expansion Across Major Blockchains: Dfyn’s multi-chain approach has seen it integrate with networks such as Polygon, Fantom (now Sonic), and Arbitrum.
- Tokenomics Enhancements: A key aspect of Dfyn’s sustainability has been its strategic tokenomics, including the burning of 20% of its total supply to reduce inflation.
- Enabling Cross-chain Integration: By integrating Router Protocol’s widget, Dfyn enabled users to swap tokens seamlessly across multiple blockchains.
- Technical Innovations: Dfyn pioneered the first on-chain limit orders with concentrated liquidity AMM. We were also amongst the first few DEXes to launch perpetual trading on Arbitrum, offering leverage and advanced trading functionalities.
A Historic Milestone: Dfyn’s Launch on Router Chain
Dfyn’s deployment on the Router chain isn’t just another integration — it’s a monumental step forward for both ecosystems. As the first native dApp on Router Chain, Dfyn is setting the stage for users to trade directly on Router chain.
Seamless Trading Begins with ROUTE/USDC Pair
Dfyn is going live on the Router chain with the ROUTE/USDC trading pair, enabling users to trade ROUTE tokens directly on the Router chain. This means, users will no longer have to incur the cost, time, and effort involved with trading tokens on Ethereum, where a simple swap can cost as much as $40–50.
Expanding Farming Opportunities with 165,000 $ROUTE in rewards
In addition to facilitating efficient trades, Dfyn is also bringing more opportunities for liquidity providers (LPs) and yield farmers. By adding liquidity to the platform, users can earn rewards in the form of LP tokens. For the first month, the Router team has graciously offered 5500 $ROUTE per day (amounting to 165,000 $ROUTE in a month) in rewards to ROUTE/USDC liquidity providers on Dfyn (on the Router chain). This farming opportunity is an attractive option for those looking to earn passive income while contributing to the health and growth of the ecosystem.
This launch represents an important chapter in Dfyn’s journey. For the first time, Dfyn is stepping into the world of non-EVM chains, showing its adaptability. By harnessing Router Chain’s robust infrastructure, Dfyn is paving the way for a more efficient and scalable DeFi experience. The future is bright for Dfyn, and we’re excited to have you on this journey with us. Stay tuned for more updates!
Website | Exchange | Twitter | Telegram | Discord |
