Introducing Unifi Farms — No Stake Farming
Deposit liquidity, claim your farming rewards. No extra staking, no additional network fees.
Key points:
- Unifi Farms is the first to introduce no-stake farming! No network fees, no extra work, just claim your rewards!
- Unifi Farms is non-custodial. No stake farming means your liquidity tokens stay in your wallet, under your control, at all times. Even while you earn farming rewards!
- Unifi Farms will offer bonus rewards to qualified liquidity providers.
- Liquidity providers (LP) can claim farming rewards every block during the event!
- This event may start at any time, so it is strongly recommended to deposit liquidity now. It is likely the best farming rewards will be earned by early liquidity providers, so don’t miss out!
- This is a limited-time promotional event.
- Unifi Farm is a beta version product and requires some special consideration from the user. Watch for the Go Live announcement coming soon and read it carefully for instructions on how to claim Unifi Farms rewards.
Unifi Farms V1 — Beta
Unifi is proud to announce the upcoming beta launch of Unifi Farms V1 on Binance Smart Chain!
Unifi Protocol is not a clone of other DeFi projects, which has made possible some very unique innovations. Unifi Farms will continue this tradition of shattering expectations and introducing features not being offered on any other farm, or anywhere else in DeFi!
Unifi Farms will have several advantages over old-fashioned DeFi farms. The one that will likely be the most revolutionary with Unifi Farms is there is no staking of the liquidity token required!
Why is farming without staking so revolutionary?
Security
Are you tired of hearing about all the hacks of DeFi projects? Farms which require staking pose significant security risks once those liquidity tokens leave your wallet. Unifi Farms can not transfer or lose your liquidity token, or even have them stolen in a hack, because your liquidity tokens never leave the security of your wallet.
Convenience
There are no extra steps required to have your liquidity earn even more rewards through farming! Depositing liquidity on Unifi already earns you a share of the trading fees in that pair. With Unifi Farms, that same liquidity will automatically earn even more rewards with no additional staking action needed. This also saves you from transaction fees for staking or unstaking! Saving a network fee is always great on any blockchain, just imagine how much you can save on a blockchain like Ethereum. Your liquidity automatically qualifies for its associated farming rewards. All you have to do is claim it!
It is that simple. Provide liquidity, earn bonus farming rewards. No staking of LP tokens required.
Let’s break it down even more:
- Deposit liquidity and automatically earn rewards on top of rewards.
- ZERO transaction fees to start farming — there is no need to stake or unstake any tokens to start earning rewards
- Security — Unifi Farms never takes possession of your LP tokens. They stay in your wallet the whole time, which means you can claim your UP or withdraw your liquidity at any time. Unifi Farms is non-custodial.
Beta Launch Promotion Event — Don’t Miss Out!
The initial beta launch of Unifi Farms is a promotional event that will commence in the coming days and run for a limited duration. Different types of rewards may be available. Some rewards structures provide a large benefit to those who have liquidity deposited when the promotion starts. The more blocks you farm, the higher your total reward. So deposit your liquidity now to ensure you are part of the event from the very start and eligible for the maximum farming reward!
The start time of this event may not be announced until it is already underway. See below for how to participate. Follow Unifi social media channels for the announcement that Unifi Farms has started providing rewards and how to claim them.
Liquidity already deposited will start accruing Unifi Farms rewards from the first block when the event commences.
Unifi Farms is a beta project and this limited time event is subject to change at any time.
Which uTrade uPairs will be participating in Unifi Farms v1 — Beta Promotional Event
- UNIFI/BNB
Duration: 14 days
APY: Variable
Deposit liquidity into the UNIFI/BNB pair. All uUNIFI holders on BSC automatically earn a proportional share of the rewards, claimable each block. Rewards will be variable, depending on the amount of liquidity providers in the UNIFI pair each block.
2. Other pair(s): TBA
Duration: TBA
APY: TBA
Deposit liquidity into other selected pair(s). All uL token holders (liquidity providers) for that pair will automatically earn bonus farming rewards. Reward structures may vary, so be sure to check out the exciting new ways you can earn bonus farming rewards when they are announced.
If you deposit liquidity into a qualified pair prior to the start of the event, no further action is required until you want to claim Unifi Farms rewards. So don’t wait, add liquidity today!
Unifi Protocol’s website can be found at https://www.unifiprotocol.com/. You can also connect to the Unifi community on Telegram, Twitter, Reddit or Medium.
Developers — check out our bounty list to develop on the Unifi Protocol at https://gitcoin.co/issue/sesame-seed/Quest/1/100023698
All communications from Unifi are subject to Unifi’s standard terms and conditions, which can be found here.
