[Guide] UniFarm is Live! Stake $WHIRL and farm
PolyWhirl is excited to announce a collaboration with UniFarm by OpenDeFi to introduce group farming, enabling long term incentives for token holders. Users will be able to stake $WHIRL and farm multiple tokens in the UniFarm pool.
What is UniFarm?
Developed by OpenDeFi, UniFarm is a staking pool where user stakes an asset and starts farming other assets over the staking period. The longer you stay in the pool, the more tokens you farm.
The UniFarm’s 21st cohort pool will support the following assets:
- PolyWhirl ( $WHIRL)
- SingularFarm ($SING)
- EasyFi Network ($EZ)
- OpenDefi ($ORO)
🤔 How does the UniFarm pool work?
Let’s take an example: Alice stakes $WHIRL in the UniFarm pool
- The first week, Alice farms $WHIRL
- The second week, Alice farms $WHIRL and $EZ
- The third week, Alice farms $WHIRL, $EZ, and $SING
- The fourth week, Alice farms $WHIRL, $EZ, $SING, and $ORO
And so on till 90 Days.
Users can un-stake their tokens anytime from the UniFarm pool, but the clock will be set to Zero again i.e. if user un-stakes in the third week, for example, the user has to start from the first-week cycle again.
Important Details for UniFarm Cohort 21
- Stake any ONE token, and farm ALL the others.
- No Lock-in. Unstake anytime.
- The pool for this Cohort will last for 90 Days.
- There’s a guarantee of minimum of 36% APY for this cohort.
- Detailed article on APY calculation: https://blog.oropocket.com/how-to-use-oropocket-platform/how-to-calculate-total-apy-in-unifarm/
- Earn up to 250% APY.
- Maximum user staking limit is $100K per project.
- This pool is on Polygon Network, with MATIC-20 Tokens.
🚜 How to Get Started
Step #1: Visit UniFarm
Click “Launch App” to launch the Unifarm app.
Click on “Connect Wallet” to connect with the UniFarm App -> Select Token as “WHIRL” and enter the amount of $WHIRL you wish to stake in the farm and click on “Show Me Available Pools”
After you click on “Show Me Available Pools” -> You will see the amount of rewards in each token you will receive if you stay in the farm for 90 days.
Click on “Approve” to allow spending of $WHIRL -> Once the Approve transaction is confirmed -> Click on “Stake” and confirm the transaction.
You have successfully staked $WHIRL and will now start earning rewards. You can visit “My Stake: https://polygon.unifarm.co/stake” to view your current staked tokens.
UniFarm is one of a kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well. Powered by OroPocket.
PolyWhirl is a completely decentralised platform for making private transactions on Polygon. It will help you preserve your privacy, in case your identity and addresses are linked and exposed. You can transfer all your funds to a new address without exposing your link to previous addresses.
PolyWhirl’s goal is to build a completely decentralised private transaction ecosystem that can be relied on, forever. PolyWhirl aims to be the go-to standard for privacy transactions on Polygon, and is dedicated to build an autonomous, self-sustainable protocol that can be trusted and used forever for on-chain privacy.