The bearish market sentiments have led to many investors and their crypto assets bowing down to the huge price decline. All of us must be aware of the Luna Market Crash that even resulted in Luna getting delisted from multiple exchanges. Such market crashes sow the seeds of fear, doubt, and uncertainty among the investors, making them sell off their assets. Even if some investors hold their assets, there are very slim chances of making any gains from them.

So, does that mean you should sit idle, holding on to your assets and cluelessly monitoring the price charts?

A big NO!

Why hold when you can stake your assets and make profits in a bear market? Still not convinced enough? Let us walk you through each and every step of making up to 400% APY from your declining crypto assets.

How to Make Money in a Bear Market with Staking?

Thanks to Version 2 by UniFarm that the users have obtained access to a brand-new and improved user staking experience, a more profitable reward structure, and capital efficiency for $UFARM liquidity providers like never before.

Enough of the self-appreciation now. Let’s understand how you can actually make loads of passive income by staking at V2 by UniFarm.

Step 1: Go to the UniFarm application and launch the app. Connect your Metamask wallet and select the chain that you would like to stake on. Currently, we allow staking on three chains, that is Binance, Ethereum, and Polygon.

Step 2: Depending upon the chain you have chosen, you will need to obtain $UFARM tokens from the related DEX. To do this, enter the number of tokens that you would like to swap for $UFARM. Confirm the transaction from your Metamask Wallet. The $UFARM tokens will get deposited in your wallet.

Note: For the Binance network, users can obtain $UFARM tokens from PancakeSwap by entering the token address of $UFARM for the Binance Chain. Refer to CoinGecko for the relevant token address. (Fun fact: Just click on the “fox” button to directly add $UFARM tokens in your Metamask wallet) Similarly, the users may obtain the $UFARM tokens for Ethereum and Polygon network by buying them on UniSwap and QuickSwap respectively. 

Step 3: Next, click the button in the top-right corner of your UniFarm dashboard to switch it to Version 2. On the left-hand side, go to the menu and select Yield Farming.

Step 4: Click on the “All Yield Farms” option to see the available farms. Currently, we have one active farm which is getting filled very fast. So, stake your tokens right after reading this blog.

Step 5: Choose the farm and enter the number of $UFARM tokens you would like to stake. Click on the Stake Now option. At this point, you can choose to boost your returns by selecting the Boost Your APY option. Confirm the transaction from your Metamask wallet and you are done!

Congratulations, You have successfully put your foot on the way to making passive income!

What is Version 2 Yield Farming?

On the all-new Version 2, UniFarm allows you to stake on different chains and earn a varying range of APY with a minimum of 36%. This is considerably higher than any of us can expect to make during this bear market. In addition to this, staking on each chain on the UniFarm DApp lets you boost your returns to up to 400%.

Looks like a dream coming true, isn't it?

Now that you are tempted to try your hands at staking your tokens at one of the yield farming pools on UniFarm categorized on the basis of network chains. Currently, we have three chains where the users can stake $UFARM tokens and earn multiple token rewards. This is exactly where the most interesting and attractive part begins!

Let’s look at some of the most striking features of being a Yield Farmer at UniFarm.

• Staking on different chains yields a different set of token rewards that include stablecoins, blue chips like Bitcoin and Ethereum, index tokens, and native governance tokens of UniFarm. This means that you can have a profitable and diversified investment portfolio without having to do any extra work.
• You have the option to take out your rewards whenever you want. We want to assure you that your money will always be yours. So, no lock-in periods this time!
• You have the option to increase your returns by buying a booster pack that instantly boosts your returns and the number of token rewards you are going to receive.
• As if there wasn’t enough diversity of crypto-based assets, UniFarm has come up with another exciting solution to preserve your staking position as an NFT. Here’s another way of making passive income! You can sell or trade these NFTs on any NFT marketplace.

Conclusion

Still unable to wrap your head around such hard-to-digest information? Don’t worry. We will “HODL” your hand till the last step. Gather all your questions and concerns as we are coming up with an interesting online session on “Passive Income and Blue Chip Index Tokens”. Register here now to save your spot. 

P.S. - Keep an eye on a confirmation email and follow the steps given in the mail to get some more Blue Chip Tokens as a gift from our side.