UniFarm Announces Merger with Asset-backed NFT Platform “OpenDeFi”

There’s nothing like an explosion of UniFarm news to leave you thinking, “there’s so much happening over here.”

That’s the feeling we’ve been experiencing ourselves lately.

It wasn’t long ago when we went live with UniLaunch – a launchpad for DeFi’s most innovative projects.

Now, another BIG announcement is coming your way.

UniFarm is all-set to step into the NFT world by absorbing a well-known NFT Platform “OpenDeFi” to create a single ecosystem offering services like staking, lending, borrowing, AMM, along with NFT, Metaverse, etc.

OpenDeFi Merges with UniFarm

OpenDeFi is a FinTech platform that promotes the tokenization of real-world assets, provides financial services in a decentralized manner. It seeks to contribute to the DeFi ecosystem’s development in a novel approach to wealth creation by allowing worldwide trading while collecting interest on tokenized assets.

On the other hand, 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.

Since both OpenDeFi and UniFarm share a common goal of wealth creation, with this merger, UniFarm promises to revolutionize NFTs by harnessing the power of collaboration with asset-backed group NFTs, substantially improving the experience of buying, minting, and selling NFTs. These NFTs will be on the lines of the Bored Ape Yacht Club.

Featuring this new merger, OpenDeFi will be merged into UniFarm, resulting in a unified ecosystem with staking, lending, borrowing, AMM, NFT, Metaverse, and other services, all in one place.

With this announcement, the respective teams got the smart contract ready for the merger, and the smart contract was ready and hosted at UniFarm’s website, where Oro users can go and exchange their $ORO tokens for $UFARM.

Rarely it has been recorded in crypto history that such a token merger has occurred (look for Matic – Hermez merger), and it is critical that this token merger is carried out with great care to ensure that funds on either side of the deal are not lost.

Future of UniFarm

The utility tokens for both companies will be merged as part of the merger, with $UFARM serving as the sole utility token.

Swap Your $ORO Tokens to $UFARM

UniFarm, one of the rising stars of the DeFi world, has begun this merger of $ORO tokens with $UFARM tokens. With the merger of these two BIG companies (UniFarm and OpenDeFi), their utility tokens too will get merged.

Now only one token will be serving the sole utility token i.e. $UFARM.

Don’t worry!

If you hold $ORO tokens, you have a chance to swap them into $UFARM tokens.

For this purpose, a new token swap app based on a smart contract has been launched. (Currently tested for BSC and ETH)

Get ready folks, an epic NFT collection awaits you. Take a sneak peek here.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *