UniFarm, is a new-generation staking protocol developed by OpenDeFi. UniFarm offers users exposure to a multitude of different tokens while providing competitive APYs.
UniFarm will be launching its second cohort of projects on February 13th, with six projects taking part. We will be joining great projects including Matic Network (Polygon), Nord Finance, Opendefi, Router Protocol, and Zeroswap.
Users will be able to stake their TVK tokens and earn rewards in all of the five tokens in the pool according to a weekly timeline. The reward pool is set at $25,000 per protocol, with users able to stake up to $350,000 worth of tokens per protocol.
For example, users that stake their TVK tokens in the UniFarm pool will earn yield for TVK tokens during the first week of staking. The second week of staking will enable users to farm both TVK and ORO tokens, the native cryptocurrency of the OpenDeFi protocol. During the third week of staking, those staking TVK tokens will be able to farm TVK, ORO, and MATIC tokens. The fourth week of staking will unlock farming TVK, ORO, MATIC, and NORD and so on.
The UniFarm Pool will go live on February 13th, 7 PM IST/1:30 PM GMT, and last for 90 days. Users will get a minimum APY of 56% and a maximum APY of 300% depending on how long they stake their funds in the pool.
Tokens can be un-staked from the UniFarm Pool at any time. However, removing tokens from the pool will reset the rewards clock, which means that users that want to re-stake their tokens will have to start the farming cycle from the first week!
As Terra Virtua Prestige is on the way, we thought this is a great project in the interim for all of our loyal $TVK holders!
We are excited for this and will be releasing more info soon!