Stake $RAZOR on UniFarm Cohort 3 and earn upto 250% APY!
Razor Network is collaborating with OpenDeFi to participate in UniFarm Cohort 3, a unique DeFi Staking solution where users can stake their $RAZOR tokens and farm tokens from as many as 6 different projects.
Participants of UniFarm are assured of a minimum APY of 40%, which can go as high as 250% depending on the duration of staking.
6 projects are taking part in UniFarm Cohort 3, providing users the option of staking as many different kinds of tokens as they want from the list of partnering projects. Apart from Razor ($RAZOR) and OpenDeFi ($ORO), the other projects taking part in UniFarm 3 are PAID Network ($PAID), PlotX ($PLOT), Mantra DAO ($OM) and Royale ($ROYA).
The total reward pool size is $150,000, with the reward pool per project being $25,000 (approx). Users can stake a total of $250,000 worth of tokens for each project.
The UniFarm pool will be live for a total of 90 days, starting from March 3, 2021, 8 PM IST / 2:30 PM GMT. Users would be able to unstake their assets anytime they want, even before the completion of the 90 day staking period.
Unstaking will, however, reset the staking clock back to zero. The system has an inbuilt compound gamified framework, which rewards those participants who keep their assets staked for a longer duration. So, the longer you stake, the more you earn.
Now comes the fun part. UniFarm allows users to farm all the 6 project tokens on a week by week basis. For example, if a user stakes $RAZOR tokens, then
- The user will earn $RAZOR tokens for the 1st week and all the other weeks till the staking ends.
- From the 2nd week, the user will earn both $RAZOR and $ORO tokens.
- In the 3rd week, the user will earn $RAZOR, $ORO & $OM tokens, and so on.
This trend will continue for the remaining projects as well.
Stake $RAZOR in UniFarm now (March 3, 2021, 8 PM IST / 2:30 PM GMT) : http://bit.ly/3dIb2HK
Read more — http://bit.ly/37LM5HM
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