Layer 2 DEX, Diversifi to Launch New Rewards Program with Incentivized AMM

DeversiFi exchange is on a mission to make DeFi accessible to everyone, and ensure that the DeversiFi platform becomes a one-stop-shop for all DeFi needs. Earlier this year they soft-launched DVF token, through their very own launch mechanism (DeversiFi launch market), and have since grown that community. But that was just the beginning for Diversifi s growth plan, working hard to bring further value for users.

Coming Soon

In two weeks DeversiFi will launch its first rewards program, along with an inaugural series of incentivized automated market makers (AMMs). This twin initiative will allow you to earn by trading on DeversiFi, OR providing liquidity to one of the brand new incentivized pools, offering some of the best rewards on Layer 2.

Trading rewards

One of the best features about DeversiFi is the gas-free trading, but they are going one step further with a new rewards program. From December 1st, traders on the platform can earn some sweet DVF token, which will be calculated by the amount of fees they have paid each week as part of the overall &lsquofees pot&rsquo. Simply trade on DeversiFi and earn DVF. It&rsquos as easy as that!

50% of total DVF supply is controlled by the DVF DAO, with some of it initially allocated to liquidity mining and trading (at the DAOs discretion). There could be a vote after 3 months to continue the program or alter the parameters, so holding DVF will give you a voice in these decisions.

Automated Market Makers (AMMs)

Unlike the traditional order book method, which matches buy and sell offers, AMMs offer a liquidity pool where traders can simply buy and sell their tokens against the liquidity that is present in this crowdsourced vault. In other words, you can make trades even if there is nobody on the other side.

The launch of DeversiFi AMMs will involve 16 new incentivized liquidity pairs. The initial incentivized launch pools were chosen by DeversiFi and the DVF Community in a governance vote, and contain a mixture of large blue-chip tokens as well as stablecoin pairs and NFT & DeFi tokens.

The pairs are DVF/ETH, CRV/ETH, LDO/ETH, UNI/ETH, ERP/USDC, YGG/ETH, ILV/ETH, MPL/ETH, COMP/ETH, SUSHI/ETH, USDC/USDT, ETH/USDT, TOKE/ETH, REN/ETH, BOND/ETH, RAI/ETH.

By providing liquidity to the pools, users are entitled to a portion of the trading fees collected by that pool.

Empowering decentralized trading by rewarding usage, cutting fees, motivating platform investment, and decentralizing control. This is a formula for certain crypto success, and DeversiFi seems to have it calculated well. These types of financial growth offerings will only increase in volume as crypto goes mainstream. More people every day become aware and gain access to crypto investment and savings options that traditional systems cannot compete with. DeversiFi is developing their exchange and community with new-age users and platform growth fundamentals in their sights.