Razor Network has developed a new farming program that will enable users to earn 360,000 $RAZOR tokens and 12,760 $DFYN as rewards for participating in the activity. The network has already carved a place for itself, thanks to the decentralized Oracle-based functions it provides for the various applications of the decentralized finance (DeFi) space.
The company will use the automated market maker (AMM) platform of Polygon for launching the new farming programs on October 7, 2021. Users can participate in the ecosystems of $RAZOR-$DFYN and $RAZOR-$ETH and also access the dual-liquidity pool. The new farming programs will remain open only for a 30-day duration. The best part of the offer is the absence of any limit on the upper taking. There is no lock-in period either, which further enhances the attractiveness of this offer.
The $RAZOR farms will lend support to the $RAZOR-$ETH pair, while the dual-farm will lend support to the $RAZOR-$DFYN pair. Razor network has reserved 240,000 $RAZOR tokens for the Ecosystem farm, while the Dual Farm ecosystem gets the support of 12,760 $DFYN and 120,000 $RAZOR tokens in total. It is important to note that the Second Edition of the ecosystem farming on the Razor network gets the allocation of twice the amount compared to its first iteration. Even the number related to $DFYN tokens has gone up this time, with a total increase of 1760 tokens.
It will be interesting to witness the enthusiasm the new farming ecosystem programs generate. This is undoubtedly going to enhance the prospects of decentralized finance. In the process, it will also be conducive to the adoption potential of cryptocurrency and blockchain technology. The developments which encourage users to participate by offering them rewards are the need of the hour. These kinds of offers can certainly encourage users to take a plunge, especially in the fledgling segments such as decentralized finance and non-fungible tokens.