Collateral Pay Partners with UniFarm to join their 10th Staking Pool Cohort Exclusively on BSC
We’re proud to announce that for all you $COLL token holders, you can now take advantage of a new opportunity to stake your $COLL BSC tokens on UniFarm and receive even more benefits.
To those of you who are new to UniFarm, it is a new staking solution that enables you to stake one token but earn additional multiple high-value tokens within the same Cohort.
BSC Staking Goes live on
31 May,1.30 PM UTC
5 projects are taking part:
Collateral Pay, UniFarm, OpenDefi, StackOS, ForTube.
Total Reward Pool Size is $250k, Reward pool per project is $50k
Per project tokens worth $500k can be staked
Users can stake any one or more of their holdings from the above tokens
As per a week by week schedule, users will be able to farm ALL the tokens taking part in Unifarm.
For eg: If one stakes COLL tokens, for the first week they will earn COLL tokens. For the 2nd week they will earn COLL tokens as well as UFARM tokens. 3rd Week they’ll earn COLL, UFARM as well as FOR , and so on.
Users can unstake anytime, however, unstaking will reset their clock back to zero. The system has an inbuilt compounding gamified framework. The longer you stay in, the more benefits you accrue.
This UniFarm Pool will last for 6 Months | 180 days
Users will get a minimum APY of 36% and a maximum APY of 250%
5 projects are taking part: Collateral Pay, UniFarm, OpenDefi, StackOS, ForTube.
Tickers for participating projects: $COLL, $UFARM, $ORO, $FOR ,$STACK
Staking on UniFarm
In order to stake your $COLL on UniFarm.co just follow these steps below:
Step 1: Click on “Connect Wallet” to select wallet options as MetaMask, Coinbase or TrustWallet and connect to your wallet. (Once connected, the UniFarm website will show your wallet address).
Step 2: Select the “Select Token” option and choose the token of your choice.
Step 3: In the following field, enter the amount of tokens you wish to stake. (The amount should not exceed the available token balance).
Step 4: Click on “Show Available Pools”. Active pools which contain the selected token will be displayed. (Along with other information such as APY, reward token & Lock-In)
Step 5: Click on the “Stake Now” button to see the 90-day return policy. (Staking is not possible beyond your wallet balance as well as the single user limit)
Step 6: Click on “Approve” to proceed or click on “X” to go back to step 2 to select another token.
Step 7: MetaMask will prompt the approval of tokens (Gas Fees are required in order to proceed with the approval). Click on “Confirm” to proceed.
Step 8: Once approved, click on “Stake” to stake the selected amount. You would be prompted again to confirm the transaction on MetaMask. Click “Confirm”.
To find more information about UniFarm and to begin staking your $COLL visit www.unifarm.co
Some Stats about UniFarm So Far:
- Total Value Locked in Unifarm so far is $13 Million+
- Upon launch of the first cohort, $440k was staked in the first 30 minutes
- In the 2nd Cohort, $870k was staked in the first 30 minutes
- Cohort 2 had $1.5 Million staked within the first day of launch
- Cohort 3 had $1 Million staked within hours of launch
- Users have earned OVER 4600% APY from the recently concluded UniFarm Cohort 1!
- In our latest Cohort, UniFarm Cohort 8, Kylin Network set the record for fastest pool filled so far — only SIX Minutes from launch!
3. UniFarm’s current TVL stands at $13 Million USD+ and can be checked live on the website.
Projects involved so far have included:
- Cohort 1: Matic (now Polygon), Reef Finance, Centaur, OpenDeFi and Frontier
- Cohort 2: OpenDeFi, Matic (now Polygon), Zeroswap, Nord Finance, Router Protocol and Terra Virtua
- Cohort 3: OpenDeFi, Razor Network, PAID network, MANTRA DAO, PLOTX, Royale Finance
- Cohort 4: OpenDeFi, Razor Network, Playcent, HAPI, Apyswap
- Cohort 5: OpenDeFi, Yellow Road, JulSwap, Multiplier Finance — This was our first Farm on BSC!
- Cohort 6: OpenDeFi, Polkacover, GamyFi, RioDefi
- Cohort 7: OpenDefi , Unifarm , Cook Protocol , Unido, Umbrella Network
- Cohort 8: OpenDefi, Unifarm, Polkalokr, Polkabridge, DeHive, Kylin Network, Quai dao , Argo
- Cohort 9: OpenDefi, Unifarm,Raze network , Netvrk, BonFi
- Cohort 10: Collateral Pay, OpenDefi , Unifarm, StackOS, ForTube
UniFarm is a decentralized farming pool and a multi-token reward staking platform where investors can earn several tokens by staking one. UniFarm incentivizes long-term stakers with an inbuilt compounding gamified framework to compound rewards for staking for a longer period.
About Collateral Pay
Collateral Pay is a Polkadot-based decentralized payment gateway that lets users collateralize crypto to facilitate payment for goods and services. Powered by a P2P network of borrowers and lenders, the protocol also allows users to store, stake, loan and save digital assets, with lenders receiving an APY in return.