The moment we’ve all been waiting for is upon us! Below, we’ve laid out the most important points you need to keep in mind, as well as all the details you need to know about the Demodyfi DEX launch.
Key Dates and Takeaways
- Monday, January 17: Demodyfi will launch as a fully-functional decentralized exchange (DEX) app.demodyfi.com
- Launch in phases yield farming will be launched after 2–4 days
- Bridge, bridge.demodyfi.com
HOW (TO) YIELD FARM?
Yield farming is a form of staking used by DEXs to reduce the volatility of their liquidity pools. You can learn more about yield farming on the Demodyfi DEX documentation section. DMOD will be allocated daily over at least the first six months of the DEX’s operation to yield farmers participating in the following liquidity pools:
- DMOD/GLMR
- DMOD/USDT
- DMOD/USDC
This list of eligible pools and DMOD emissions will be adjusted by community vote later as the ecosystem grows and stablecoins launch.
Bridge
To fulfil our plans of connecting the crypto ecosystem, we are launching two products: Demodyfi Bridge Moonbeam, and the Demodyfi DEX.
The bridge allows coins and tokens to be moved from Ethereum / Polygon Chain to the Moonbeam Chain. This will allow it to bridge assets across Ethereum, Polygon, and the Moonbeam Chain. Support other chains in the near future to allow free movement between networks like BSC, AVAX and Solana and many more!
Final thoughts
The dev team has been hard at work for this! They deserve a huge round of applause for release the DEX! 👏 But we’re not done yet! We still have work to do! We have more announcements coming up! Keep your notifications on!
We hope you’re all excited as much as we are for this monumental day for Demodyfi DEX and the Moonbeam community as a whole! We can’t express how excited we are to finally be able to launch the DEX! The team has been hard at work to get this out, and it’s show time!
Share the news with your networks, family, and friends! Word of mouth goes a long way! The more users we have using the DEX, the more volume that will be coming in!
Our success is the community’s success! The community’s support leads to our success!
We can’t do this without you!
GM/GN
Demodyfi Team
