How to

How to Stake Tokens on UniFarm’s Legacy Interface?

August 2, 2021April 11, 2022 by Kapil Gauhar

With group farming becoming one of the most popular ways to generate staggering returns on investment, 2021 has seen platform like UniFarm take the spotlight as leaders of the DeFi farming trend.

The Total Value Locked (TVL) in DeFi is presently over $30 Million, and with innovative new platforms making strides into the future of DeFi every day, this figure is only expected to rise in 2021.

UniFarm: A Quick Brief

UniFarm is a one-of-a-kind staking solution that brings together the top DeFi ventures to deliver value to investors. UniFarm allows you to stake any ONE token and farm multiple high-value tokens, ensuring that your returns are automatically diversified in addition to earning a high APY.

UniFarm allows users to farm numerous project tokens on an easy-to-use platform that gives them full flexibility to stake and unstake their assets at any time. The best part is that it only takes one eligible asset to begin cultivating the entire set while maintaining complete control over your assets at all times. With such unique features, UniFarm has become the most user-friendly cross-project farming aggregation platform on the market.

In just a few days since our first launch, over $2 million had been committed to our initial pools. The overall TVL on UniFarm currently sits over $30 Million, making it an extension of the success of UniFarm Cohorts. Over 65 projects have joined UniFarm Cohorts so far, and this number is rapidly increasing as we have many Cohorts lined up for this Quarter.

How Does UniFarm Work?

UniFarm offers users the exposure to a wide range of new tokens while also providing a very competitive APY. The unique features sees an elite group of projects contributing with their native tokens to create a pool of high-value tokens for users. Users are then able to stake any of the included tokens and earn rewards in multiple tokens available in the pool of a particular UniFarm Cohort, based on a weekly timeline.

This is an interesting new concept by OroPocket that provides users with the opportunity to earn popular tokens without investing in them directly. This has opened up a new way for investors to diversity their portfolios and an entirely new route for wealth creation. Users are free to unstake their holdings at any time on the platform. However, unstaking resets their clock back to zero.

By enabling users to farm multiple quality tokens in one place with exposure to only a select set of tokens, UniFarm has reduced the requirement for DeFi farmers to user numerous platforms at once in order to benefit from the yield of multiple tokens.

A Step-By-Step Guide on How to Stake Tokens on UniFarm

Have you been struggling to stake tokens on UniFarm? We got you covered!

UniFarm gets better with the launch of every Cohort. We’ve added a ton of new features, made visual improvements and inculcated user feedback to make your experience better on the platform.

Since everyone was concerned about the gas fees, we introduced two more chains on the platform, including Binance Smart Chain and Polygon, apart from Ethereum.
Based on the continuous iteration from UniFarmers, we added two more wallet options, including Trust Wallet and Coinbase Wallet, along with MetaMask.

Over this tutorial, we are going to walk you through every single step to stake your tokens successfully using your preferred Wallet. We’ll cover all 3 wallet options separately so it’s easy for you to understand the process.

Let’s get started with MetaMask first!

Stake Tokens Using MetaMask

Staking tokens using MetaMask is very easy. Before we go any further, keep the following points in mind –

Please have a MetaMask account to be able to stake tokens on UniFarm.
Instructions to set up and download your own MetaMask can be found here.
Make sure that you have ETH/BSC/MATIC in your MetaMask to pay for gas fees.

Once you’ve completed all of the requirements listed above, please follow the steps below to start staking on UniFarm.

Step #1

Go to https://unifarm.co/ and click on Switch Network button.

Here, select Binance Network.

Note: – Choosing a network depends on a particular UniFarm Cohort. For this guide, we’re going to select Binance.

Step #2

Click on “Connect Wallet” on the top right corner, and you will be prompted with 3 wallet options to choose from.

Choose your wallet option from MetaMask, Trust Wallet or Coinbase Wallet.

Note: For this tutorial, we’ll be using MetaMask.

Once your wallet is successfully connected with UniFarm, your Wallet Address will appear on the top right corner.

Step #3

Select the token of your choice. Let’s choose $UFARM here.

In the next field, enter the amount of tokens you want to stake.

Now, click on SHOW ME AVAILABLE POOLS.

To see your wallet’s maximum token balance, click MAX.
You will not be able to stake more than the available token balance in your wallet.

Step #4

The system will retrieve all of the information for your selected token, with the most recent pool at the top—for example, APY, MAXIMUM STAKING LIMIT, POOL STRENGTH, and so on.

Step #5

Click STAKE NOW to view the GUARANTEED returns you’ll receive after staking $UFARM token for 180 DAYS.

Note: Number of days the pool will last maybe different.

Step #6

You should now be able to see the rewards you’ll receive after staking your selected token for 180 DAYS.

Click on APPROVE.

Step #7

Your wallet will prompt you to approve the tokens.

**PLEASE NOTE THAT THE APPROVAL OF ANY TOKEN WILL REQUIRE GAS FEES.**

To continue, click CONFIRM, or you can click REJECT to cancel the transaction.

Step #8

Click STAKE after you have approved the interaction.

Step #9

Your wallet will prompt you once more to display the number of tokens you’re staking on UniFarm as well as the Gas Fee required for the transaction.

Kindly click on CONFIRM.

Step #10

Congratulations! You have successfully staked $UFARM Tokens on UniFarm.

View My Stakes

Click on “My Stakes”.

You may now see a list of all the tokens you’ve staked (with the most recent at the top), as well as their current reward status, projected return, and stake duration.