Nov 18, 2020
UNFI Binance Smart Chain Liquidity Provider Event
Have your CAKE and earn UNFI too
In this special deal for CAKE token holders, they can mine UNFI and UP — all in one liquidity pool!
Unifi is partnering with Binance Smart Chain and PancakeSwap for a special dual rewards liquidity provider mining spectacular! Earn UP and UNFI at the same time! 25,000 UNFI will be mined by liquidity providers in the CAKE/BNB uPair within the uTrade app on BSC. 25,000 UNFI will be mined during the event, so have your CAKE and get UNFI too!
During the event, CAKE liquidity providers will mine a share of the entire pool of 25,000 UNFI staking rewards for each block they provide liquidity, based on their percentage contribution to the liquidity pool. This is an incredible offer for anyone who uses Pancake to come and learn how to ‘Earn more with Unifi!’
For example, if you contribute 10% of the CAKE liquidity pool during a block, you get 10% of the UNFI rewards for that block! Liquidity providers will also earn UNFI’s liquidity mining token UP, one of the best performing LP rewards tokens in the DeFi space. UP has a base token redemption value that can only go UP, and has built-in yield farming for all pairs on that blockchain.
There is another 25,000 UNFI up for grabs in Unifi’s BSC Staking Event: Mine UNFI with UNFI event. Stake the UNFI earned with CAKE to compound your UNFI rewards even higher!
- Go to https://unifiprotocol.com
- Scroll down to the blockchain selection area and click the “Add liquidity” button next to Binance Smart Chain.
- After the uTrade app opens, ensure you are connected to the supported BSC wallet which contains the UNFI. Information on supported wallets can be found here.
- Select the “CAKE/BNB” option and click Join.
- Input the amount of CAKE and BNB to deposit and click Submit and Approve.
To claim the UNFI rewards from this uPair, follow the same process to claim UP rewards. Pressing the claim UP button and approving the transaction will return the UP generated as well as the mined UNFI.
This special PancakeSwap event required an upgrade to the Cake/BNB pool. The existing pool is renamed Old Cake/BNB and will only allow liquidity withdrawals. If you already have liquidity in that pool, it will need to be moved to the new pool to earn UNFI and UP rewards.
This special staking event will start within hours of UNFI listing on Binance Exchange and run for approximately 30 days.
UNFI is the one DeFi Global Governance token that issues rewards through its unique Proof of Stake Global Governance Model. Staking UNFI is rewarding!
Unifi Protocol’s website can be found at https://www.unifiprotocol.com/. You can also connect to the Unifi community on Telegram, Twitter, or Medium. Developers — check out our bounty list to develop on the Unifi Protocol at https://gitcoin.co/issue/sesame-seed/Quest/1/100023698
