Published on February 9, 2024 · Reading time 2 minutes · Created by Fyde Labs
Fridays at Fyde we do recaps (Mean Girls reference for those that missed it). A lot has happened in the Fyde ecosystem this week! Let’s review the highlights:
Fyde has launched our official referral system to allow users to get more points!
TL;DR: Fyde Points allow users to be rewarded for helping grow the Fyde ecosystem! Stake to accrue points, and being part of the Fyde referral program boosts your points even more.
Stake at least 500 $TRSY to create a referral link. This will enable you to earn more Fyde Points. Now you can earn rewards by participating and helping the project grow its TVL and liquidity.
More Details: Discover the full benefits of our referral program.
Back by popular demand, we’ve relaunched our Fyde Escrow contract.
What is the Fyde Escrow?
The escrow allows users to deposit as many whitelisted tokens as they want without worrying about imbalance penalties. By bundling the transactions together and submitting them in one go at the end of the period, this cuts gas costs for users dramatically.
Important to note that tokens deposited into the Fyde escrow are still eligible for Fyde Points!
We admit, deposits and withdrawals these past two weeks have been expensive. This is because we used Gelato’s bot network to automate certain transactions with our smart contracts. We’ve heard the community feedback, and moving forward we have created our own keeper to process transactions. This is currently saving users 200k gas (or $10-30) per transaction.
Stay tuned for more updates as we continue to innovate and empower our community here at Fyde. Together, we’re shaping the future of decentralized finance!