Decentralized Finance or DeFi, is increasingly a hot topic that attracts new users, interested in trying out new investment options. Farming and staking are two of the most known features and offered by different protocols on the market. However, if you have multiple tokens, you will probably have to access multiple platforms to get your Staking and Farming rewards. There are few platforms on the market that allow staking of several tokens and that is why UniFarm arrives to solve this problem.
On February 3, Oropocket launched UniFarm — https://unifarm.co — a staking/farming app where you can stake your token and earn up to 250% APY. To celebrate its launch, UniFarm is running a staking campaign for 90 days (until May 3, 2021, at 8 pm IST). Along with OroPocket, 4 other well-known projects are participating in this campaign: Matic, Frontier, Centaur and Reef Finance.
You will be able to stake one or more of these tokens, $ORO, $MATIC, $FRONT, $CTRN, $REEF for up to 90 days and get all tokens as rewards.
Therefore, if you have $ORO and decide to participate in UniFarm’s staking pool, you will stake your $ORO and in the first week you will receive $ORO as a reward. In the second week you will receive $ORO and $ MATIC. In the third week, you will receive $ORO, $ MATIC and $FRONT and so on, until you get all 5 tokens for the entire period you are staking on.
The total prize pool is $50,000, with $10,000 for each of the 5 projects.
You can stake up to $100K on any of the tokens and you can get a minimum APY of 40% and a maximum APY of 250%. You can stake your tokens and unstake them whenever you want, anytime.
It’s a great farming app, as you can stake any or all of your $ORO, $MATIC, $REEF, $CNTR and $FRONT tokens and farming all the others.
The staking and farming process are quite simple. You can simulate how much you can earn. Just visit https://app.unifarm.co/, connect your Metamask wallet where you hold your tokens, select your token in a drop-down box, insert the amount to stake and click to calculate the quantity of tokens you will be able to earn.
For instance, if you have 1000 $ORO the calculations returns:
If you stake your 1000 $ORO for 90 days, you will earn 33.89 $ORO, 23.35 $MATIC, 31.25 $CNTR, 25.98 $REEF and 28.62 $FRONT.
OroPocket is building a complete ecosystem to bring the best DeFi solutions so that all users make their investments in a simple, fast, safe and easy way.
About OroPocket
OpenDefi provides 100% asset backed banking without the insidious, hidden charges and time consuming tedium that come with traditional banks. Through their Fiat on ramp OroPocket, users can invest into multiple asset classes, grow their wealth, enjoy 100% liquidity — all on Blockchain, with a simple app.
