Progress Recap: A Look At UniFarm in July 2021

We’re here to provide you an update on the significant achievements the UniFarm team delivered in July 2021 after a great month.

Let’s have a look at the significant accomplishments and activities of our team during the last 30 days.

UniFarm Cohort 16

UniFarm Cohort 16 was launched on Ethereum with 5 incredible projects: Kylin Network, PolkaFoundry, Pinknode, PolkaBridge, and UniFarm.

While the $KYL and $PNODE pools are completely full, there are still tokens available for staking including $PKF, $PBR, and $UFARM.

UniFarm Conclave 3

We had a fantastic turnout for our earlier UniFarm Conclaves, where we had a great time discussing the so-called DeFi innovations.

We had to do it again since the response was so fantastic.

3rd UniFarm Conclave happened on July 7, 2021. We discussed about “Adoption and the Future of Blockchains”.

Also, there was an $1200 airdrop distributed to the people joining us with their questions.

ChainSwap Hack

Our bridge partner, ChainSwap, was under a potential attack on July 11, 2021. We were advised by them to remove the liquidity until the issue gets resolved.

We had locked all the $UFARM tokens of the hacker so that he/she couldn’t sell them.

UniFarm was completely secure and was the least affected platform on ChainSwap. We were in constant touch with the ChainSwap team. With the mutual discussion and when the things were completely under our control we re-added the liquidity on Uniswa and Pancakeswap.

UniFarm Cohort 17

$UFARM and $ORO were the least affected tokens on ChainSwap hack. After taking all the preventive measures and re-adding the liquidity, we introduced UniFarm Cohort 17 with 4 wonderful projects, including PolkaWar, Soku Swap, OpenDeFi and UniFarm. The farm went live on Binance Smart Chain on July 16, 2021.

Partnership With Ferrum Network

Buoyed by the immense success of the first ever Unifarm Cohort on Polygon, Ferrum Network has joined hands with Unifarm for a strategic partnership to achieve new heights in the crypto space.

This step towards a stronger relationship between Unifarm and Ferrum Network is a result of the former’s first-ever cohort on Polygon of which the latter was a part, and had an overwhelming experience.

Read more about the partnership here.

UniFarm Cohort 18

As requested by our community, we launched UniFarm Cohort 18 on Ethereum.

UniFarm Cohort 18 went live on July 23, 2021 at 1:30 PM UTC. Six new projects joined the pool, providing investors with exciting prospects to earn a high return on their investment.

The projects joined the pool include BitCashPay, Uno Re, Netvrk, Polkally, OpenDeFi and UniFarm.

While $UNO pool is 100% full, others are making rapid moves.

Final Thought

Hope you enjoyed keeping track of all things that happened in the month of July. Stay tuned, a lot is underway!

UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.

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