Safle collaborates with UniFarm’s Cohort 37 to enable staking on BSC
True hodlers and believers of the Safle ecosystem can take this opportunity to earn a guaranteed minimum of 36% APY and a maximum of 250% APY. Hodlers and stakers will also be incentivized by getting whitelisted for upcoming IDO’s via UniLaunch.
UniFarm is a unique platform that gives crypto enthusiasts the ability to stake one token and farm multiple tokens. Through Cohort 37, Safle hodlers will get the opportunity to earn tokens of 3 additional unique projects namely Cinema Draft ($CD3D), UniFarm ($UFARM), Cannumo ($CANU).
How does UniFarm Cohort 37 work?
Stake one token and farm all the others available in the pool. Let’s say you stake $SAFLE.
The first WEEK, you farm $SAFLE
The second WEEK, you farm $SAFLE, and $CD3D
The third WEEK, you farm $SAFLE, $UFARM and $CD3D
The fourth WEEK, you farm $SAFLE, $UFARM, $CD3D and $CANU
And so on for 180 Days.
Steps to start farming:
2. “Connect wallet”, “Enter amount” and “Confirm txn”.
3. Reap the rewards and claim them as per the release schedule.
Note: This is a locked pool. Users can unstake their rewards only after the farm duration ends.
A next-generation non-custodial wallet, self-sovereign identity protocol and Web 3.0 infra. provider for the decentralized ecosystem, governed by community. Safle is a decentralized blockchain identity wallet that enables secure private key management and seamless experience for dApps, DeFi and NFTs. In order to maintain a balance between developers and retail users, Safle intends to develop a wallet infrastructure in a completely non-custodial fashion using Open Governance Mechanisms via the SafleDAO coordinated and maintained by the Safle token economy. The native $SAFLE token will not only enable token holders to propose and vote on changes (governance privileges) to functionalities and feature sets of the wallet and node services, but will also create a self-sustaining token economic model where value will be generated by providing access to finance and identity in the decentralized digital world.
UniFarm is a multi-token reward staking programme initiated by OpenDeFi. Through UniFarm one can stake a single token and earn rewards not just in the token staked but tokens of other popular DeFi projects which are part of their respective Cohorts.
UniFarm works similar to normal staking programmes but with a twist — instead of being rewarded with just one type of token (usually the staked token), UniFarm distributes the rewards in the form of multiple tokens, which allows stakers to get a diversified portfolio of rewards.