We are thrilled to announce a new farm on our UniFarm DApp designed to help our users experience Version 2 of UniFarm much more closely. UniFarm V2 focuses on changing the power dynamics from us to the users. In addition, Version 2 has an improved staking experience and a reward structure that aims to help users obtain higher profits.

Why Should You Stake at UniFarm’s LP Farm?

As mentioned above, UniFarm’s LP farm is driven by the vision to allow users to generate profits in a market sentiment where even holding on to your assets can be a task. Here are some other reasons why should you participate in this LP Farm.

• First things first, staking at UniFarm is risk-free. We guarantee a minimum APY of 96%, irrespective of the change in prices of the assets over decentralized exchanges.
• Secondly, in a smart contract audit executed by Zokyo, UniFarm has been successful in passing the audit with flying colors and achieved a score of 98.
• The better reward structure that we talked about, lets you boost your rewards up to 400%, just by paying a minimal fee of 1000 $UFARM tokens.
• In Version 2 by UniFarm, rewards are distributed to the stakers every time a new block is mined on the Binance blockchain, unlike the earlier version where rewards were distributed at the end of the cohort.
• Lastly, UniFarm now allows you to unstake your tokens anytime and claim your confirmed rewards after every epoch. This means you have complete control over your assets and rewards.

What are the Expected Rewards?

The LP Farm by UniFarm is powered by three of the most promising crypto projects, that is, UniFarm, Cannumo, and Derived Finance. This means that the rewards will be distributed in the form of $UFARM, $CANU, and $DVDX tokens. Let’s now understand why you must have these tokens in your crypto portfolio.

1. $UFARM (UniFarm)

$UFARM is the native governance token of UniFarm, a decentralized farming pool for the top projects in the world of decentralized finance. Striving forward to achieve financial freedom for all, UniFarm allows users to stake one type of token and farm multiple types of tokens, giving them a one-stop solution to invest, earn, and diversify at the same time. It’s a great time to buy $UFARM tokens and hold them in your investment portfolio, given the beautiful candlestick chart of $UFARM price.

2. $CANU (Cannumo)

$CANU is the governance token of Cannumo, one of the top projects in DeFi. Cannumo aims to allow people to step into the otherwise “shady” world of cannabis and cannabis products, particularly in the European continent. It is helping newcomers navigate the industry by providing CBD products and feeding them into the mainstream economy.

According to Altcoin Buzz, Cannumo is one of the best crypto moonshot projects in Europe, having successfully raised a sum of $50 Million for different projects. Hence, including $CANU in your investment portfolio seems to be a great decision as of now.

3. $DVDX (Derived Finance)

Derived Finance is the first-of-its-kind crypto project that envisions bridging the gap between traditional and digital financial markets. Offering a one-stop shop for all kinds of investment assets like cryptocurrencies, stocks, gold, etc., as one single hybrid token, Derived defeats all by utilizing the power of smart contracts in revolutionizing the traditional trading system. Given the abundant utility of Derived tokens, it is pretty evident that the future of the project is bright.

How to Stake in the LP Farm?

Staking in the LP Farm by UniFarm is extremely simple. Here’s how you can stake your tokens in the LP farm.

1. Go to the UniFarm app.
2. In the top-right corner of the app, select the network to Binance and connect your Metamask wallet.

4. In the left-hand menu, click on All LP Farms. You will now see three LP farms that are currently live. Though the rewards in each of these farms are the same, they differ from each other in terms of the LP tokens you will need to stake. For example, in the UFARM-BNB liquidity pool, you will need to stake UFARM-BNB LP tokens.

5. Click on the LP farm that you would like to stake in. In case you don’t have enough LP tokens in your wallet, click on the Add Liquidity button. You will be redirected to the PancakeSwap webpage.

6. Enter the number of liquidity tokens you want to obtain. Confirm the transaction from your Metamask wallet. Your LP tokens will get deposited in your wallet.

7. Come back to the UniFarm app and refresh your wallet. Approve the transaction from your Metamask wallet.

Congratulations! You have successfully staked your LP tokens.

What is the LP Farm by UniFarm?

The Special LP Farm by UniFarm is a step ahead into the future of making passive income in Web 3.0. This farm which is about to end on August 13, 2022, at 1:30 PM UTC, is the first cohort of its kind where users can stake one type of LP token and farm multiple token rewards in return.

It doesn’t only let users diversify their crypto investment portfolio, but also helps in amplifying their returns by paying a fee of 1000 $UFARM tokens. Most importantly, since it’s an unlocked pool, the users are free to collect their rewards at any time during the cohort period.

Conclusion

Now that you are convinced enough about the major pros of staking at the LP farm by UniFarm V2 and almost no cons, it’s time for you to stake your LP tokens right now. The cohort is ending soon!