stake at unifarm
How to, Knowledge, UniFarm

How to Stake at UniFarm on Different Chains?

UniFarm is a multi-token reward staking protocol that ensures your portfolio is automatically diversified in addition to an assured minimum APY of 36% and a maximum APY of 250%. Users can stake and multiply their tokens, and on top of that earn other popular DeFi tokens which are a part of the farming pool. So far we’ve successfully launched 36 cohorts with the biggest names of DeFi including Matic, Reef, Centaur, Frontier, and other 100+ partners. So, in this guide, let’s learn about how you can become a pro at how to stake on UniFarm.

About $UFARM

$UFARM is the native token of UniFarm. $UFARM has a TVL of $6,811,658, a fully diluted valuation of $13,789,797 and total supply of 988,969,000. At the time of writing, $UFARM has shown 20.4% consistent price gains in the last 30 days.

UniFarm is currently available on four blockchains – Ethereum, Polygon, Avalanche, and Binance Smart Chain. You can buy or swap $UFARM on PancakeSwap, Pangolin Exchange, DFYN, Uniswap, and MEXC Global. Here is a detailed playlist of how to buy $UFARM:

What is Staking?

Staking, like many other aspects of cryptocurrency, may be a difficult or easy concept, depending on how many levels of comprehension you want to achieve. An easy explanation of staking is that it is a method of collecting incentives for holding particular cryptocurrencies.

How Does Staking Look Like at UniFarm?

Stake One Token and Farm Many Tokens

Unlike conventional farming, where you stake a token and get the same token, UniFarm allows you to stake a token of your choosing and receive a slew of useful project tokens in exchange. This implies that returns are automatically distributed. To ensure the platform’s integrity, we extensively review projects before adding them to the cohort.

Minimum Guaranteed Annual Percentage Yield

Each UniFarm cohort has its own APY limit. This ensures that the stakers will get a decent return on their tokens.

Total Decentralization

When users stake on UniFarm, they are communicating directly with the smart contract through their self-custodian wallets. Decentralization eliminates a single point of failure and provides consumers with trust and security. We have our contracts inspected on a regular basis to guarantee maximum security.

Simplicity of Use

Most DeFi apps on the market are much too sophisticated to be scaled for the masses. UniFarm provides a simple user interface with a wonderful user experience, including the ability to stake and unstake with a single click.

One Farming Place

Users no longer need to visit several websites or exchanges to farm various tokens. UniFarm allows them to farm tokens in one location.

How to Stake on Ethereum Network at UniFarm?

Step 1: Go to unifarm.co.

Step 2: Click on the launch app button on the extreme right.

Step 3: Connect your wallet to UniFarm.

Step 4: Select ‘Ethereum’ as your network on UniFarm.

Step 5: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘all farms’.

Step 6: Select a farm and click on the stake now button next to it.

Step 7: Enter the number of tokens to be staked.

Step 8: Authorize UniFarm to use your tokens.

Step 9: Click on stake to stake your tokens.

Step 10: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘my stakes’ to see your stake.

For a detailed step-by-step process of staking on UniFarm using Ethereum Network, don’t forget to check out the video below. πŸ‘‡πŸ»

How to Stake on Polygon Network at UniFarm?

Step 1: Go to unifarm.co.

Step 2: Click on the launch app button on the extreme right to get redirected to the staking page.

Step 3: Select ‘Polygon’ as your network on UniFarm. To get the RPC of Polygon Network to add to your wallet, visit polygonscan.com.

Step 4: Connect your wallet to UniFarm.

Step 5: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘all farms’.

Step 6: Select a farm and click on the stake now button next to it.

Step 7: Enter the number of tokens to be staked.

Step 8: Authorize UniFarm to use your tokens.

Step 9: Click on stake to stake your tokens.

Step 10: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘my stakes’ to see your stake.

For a detailed step-by-step process of staking on UniFarm using Polygon Network, check out the video below. πŸ‘‡πŸ»

How to Stake on Binance Network at UniFarm?

Step 1: Go to unifarm.co and click on the launch app button on the extreme right to get redirected to the staking page.

Step 2: Select Binance Network and connect your wallet to UniFarm.

Step 3: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘all farms’.

Step 4: Select a farm and click on the stake now button next to it.

Step 5: Enter the number of tokens to be staked.

Step 6: Authorize UniFarm to use your tokens.

Step 7: Click on stake to stake your tokens.

Step 8: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘my stakes’ to see your stake.

To buy $UFARM on Binance Smart Chain and then stake it on UniFarm, have a look at the video below. πŸ‘‡πŸ»

How to Stake on Avalanche Network at UniFarm?

Step 1: Go to unifarm.co.

Step 2: Click on the launch app button on the extreme right.

Step 3: Select Avalanche Network. To add Avalanche Network to your wallet (in case you are facing difficulties), visit snowtrace.io and click on ‘add c-chain network’.

Step 4: Connect your wallet to UniFarm.

Step 5: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘all farms’.

Step 6: Search for your suited farm and click on the ‘stake now’ button next to the farm.

Step 7: Enter the number of tokens to be staked.

Step 8: Authorize UniFarm to use your tokens.

Step 9: Click on stake to stake your tokens.

Step 10: Click on the ‘earn’ dropdown on the left hamburger menu and select ‘my stakes’ to see your stake.

For a detailed step-by-step process, don’t forget to check out the video below. πŸ‘‡πŸ»

Additional Read

How to Calculate Total APY in UniFarm?

How to Buy $UFARM Tokens?

Leave a Reply

Your email address will not be published.