Ferrum Network formed an alliance with UniFarm
Ferrum has been very active as of late in their efforts to become a player in the world of cross-chain adoption. Their latest update? They will be joining the very first UniFarm cohort on Polygon alongside an impressive cast!
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!
Details About This Pool — Cohort 13
The UniFarm pool goes live on June 21, at 1:30 PM UTC and will last for 90 days. Users will get a minimum APY of 36% and a maximum APY of 250%! The total reward pool size is $150k or $25k per project and a total of $250k worth of tokens can be staked per project. The projects participating in Cohort 13 are as follows.
- Ferrum Network ( $FRM)
- UniFarm ($UFARM)
- Raze Network( $RAZE)
- Elk Finance ($ELK)
- Bluzelle ($BLZ)
- EasyFi ($EASY)
Things to Keep in Mind
As per a week by week schedule, users will be able to farm ALL the tokens taking part in UniFarm.
For eg: If one stakes UFARM tokens, for the first week they will earn UFARM tokens. For the 2nd week they will earn Ufarm tokens as well as BLZ tokens. 3rd Week they’ll earn UFARM, BLZ , FRM and so on
Users can unstake anytime, however, unstaking will reset their clock back to zero. The system has an inbuilt compounding gamified framework. The longer you stay in, the more benefits you accrue.
Buy FRM on Polygon
In case you weren’t already aware, Polygon version of FRM is now available for purchase on Dfyn. In order to stake FRM in the very first Polygon Cohort on UniFarm, you must buy the Polygon version of FRM. We will be adding liquidity to another L2 DEX before the staking goes live on Monday as well so stay tuned to their announcement channels for more updates!
About Ferrum Network
Ferrum Network is a blockchain protocol that brings outstanding financial applications to emerging markets, with products and network utility. They have sophisticated financial applications that run on a DAG system that links to other blockchains and even fiat currencies.
About UniFarm
UniFarm is a 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.
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