How Do I Stake BSC $COLL on UniFarm ?

COLLATERAL

4 min readMay 31, 2021

Staking Goes live on 31 May,1.30 PM UTC On BSC

5 projects are taking part: Collateral Pay, UniFarm, OpenDefi, StackOS, ForTube.

Step 1:

Log into your MetaMask Wallet

Step 2:

Open https://unifarm.co/ in your web browser and tap on launch App.

Step 3:

Connect your UniFarm app with MetaMask wallet

Step 4:

Once your MetaMask wallet gets connected with UniFarm, then select tokens you want to farm from Collateral Pay, UniFarm, OpenDefi, StackOS, ForTube.

Step 5

Let’s select ORO token and enter the number of ORO tokens you want to farm as per the balance in your MetaMask wallet and tap on CALCULATE YIELD

Step 6

Here you will get the breakup of the tokens you can earn up to 90 days over UniFarm once the contract will get locked. (The calculator will show you exactly how the earnings will go as you stay staked with time, this data is hidden here as it was dummy numbers at the time of writing)

Step 7

After getting a break up of the tokens you can earn during this period, you need to approve this transaction by tapping into APPROVE

Step 8

After approving the transaction, a new pop window will appear in your MetaMask wallet to confirm your spending over the UNIFARM network and the fee required for the completion of the transaction.

Step 9

Once you confirm the above step, a new window will appear which shows that your wallet interaction with UniFarm has been approved.

Step 10

Now you are good to go ahead with staking your tokens over UniFarm. Tap on STAKE, a new popup window will appear showing the required gas fee for the contract interaction.

Once you confirm the transaction your tokens get locked over UniFarm where you can unstake and claim your reward at any point of time.

Also, to stake another token, simply click on Stake New, and follow the same process again.

You can stake more than one token in UniFarm and unstake & claim your rewards during any time of UniFarm Pool, which will last for 90 days.

Please note: Do ensure there is enough ETH in your Metamask to account for gas fees.

About Collateral

COLLATERAL is the next generation payment gateway built on Polkadot and accessed through an interoperable crypto wallet, granting access to spending power by using crypto as collateral at the point of sale. The platform allows users to pay instantly by using crypto as collateral, giving its global user base access to funds and the ability to pay and spend crypto instantly anytime, anyplace, anywhere.

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Contact

Website: www.collateralpay.com