BonFi x UniFarm Collaboration
BonFi & UniFarm collaborate to enter a unique multi-yield farm that distributes a wide variety of token rewards to those that staked BNF.
The BonFi community will be able to stake BNF to earn rewards from 4 additional crypto platforms:
- Raze Network
- Netvrk
- UniFarm
- OpenDefi
With many excellent platforms participating in Cohort #9, users can earn up to 250% APY!
The UniFarm pool will run for 90 days, and users are not required to lock in their tokens and can un-stake anytime. However, the longer users stake, the more third-party project rewards they earn. Each week a new token is added to the earning mechanism.
šøBenefits of Multi-Yield Farming
- APY: minimum APY of 36% and a maximum APY of 250%
- Users can stake any one or more of their holdings from the above tokens
- Users can UNSTAKE anytime
- Total Pool duration: 90 Days
- Total reward pool size: $250K, with $25K per project
- For each participating project, users can collectively stake a total of $250K in tokens
- This pool runs on Ethereum, using ERC-20 Tokens.
What is UniFarm?
UniFarm is an innovative farming solution where various projects come together to create a reward pool. Users can stake anyone’s token and get multiple tokens as rewards. Unlike traditional farming, UniFarm staking gives users great exposure to a diversified set of tokens, whilst allowing users to stake their favorite.
What is BonFi?
BonFi is a multilayered open finance liquidity mining service platform complemented by the AI-powered BonVest, a professional cryptocurrency liquidity mining solution. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.
š° INFO:
https://medium.com/bonfiorg/bonfi-partners-with-unifarm-to-launch-multi-yield-farm-bb9af64ee9b3
