xDollar is thrilled to announce our first xUSD-USDC stablecoin LP on Dfyn with XDO rewards. We heard the request for stablecoin pairs from the community to provide incentives for encouraging deep stablecoin liquidity.
The pool reward emission rate is as follows: 150,000 XDO for 14 days.
The pool will launch at 10.30 PM UTC, July 7th, 2021.
xUSD-USDC Farming Guide 101
The XDO stablecoin LP farming pool will be hosted on the farm page of our frontend operator. You may access the farm here. To stake to this farm, you first have to add xUSD-USDC DLP pair here.
Once you added liquidity then stake your DLP token on xDollar farming page here. First, approve DLP and hit confirm to stake your DLP token to the pool. Once confirmed, you are set to earn XDO. Happy farming! BIG things are yet to come. There are more use cases of xUSD in the ecosystem! Stay tune and welcome onboard with us in this decentralized stablecoin movement!
xDollar LP Providers POAP Series
In addition, as an additional reward to xDollar LP providers, you have a chance to claim the cool POAP to commemorate your contribution to xDollar platform. The way to be eligible for this POAP is simple as follows:
1/ Provide a minimum of $100 xUSD-USDC liquidity and stake them in the farming pool.
2/ Only 777 POAPs will be issued after the farming pool is ended in two weeks.
3/ The top 777 POAPs will be sorted from highest to lowest based on the amount of liquidity provided during the two-week periods.
About Dfyn Network:
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.
About xDollar
xDollar is a lending platform that users can borrow decentralized stablecoin, xUSD against MATIC collateral on Polygon with a minimum collateral ratio of only 110%. The platform implements a systematic liquidation mechanism (stability pool) and fair platform revenue fee distribution (stacking pool). xDollar’s vision is to become the first cross-chain decentralized lending platform on multi-chains with DAO governance and a multi-collateral vault system.
