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UNFI Staking is Under Construction

Adding UNFI stake is temporarily disabled

On September 20, 2021 UNFI governance passed a referendum to increase the maximum capacity for UNFI staking. This referendum received a record-breaking number of UNFI token votes.

Such a high turnout made it clear this project is a priority to UNFI holders. Unifi Labs has moved up its schedule to start work on this item effective immediately. UNFI staking must be upgraded to accommodate the options that will be voted on by UNFI governance.

To prepare for this upgrade, some changes have already taken place. Additional information on future staking changes will be provided after UNFI governance votes on the upcoming staking options referendum.

During this construction phase:

The ability to stake additional UNFI tokens has been temporarily disabled.

Even if the current amount staked is less than 600,000 UNFI, adding more UNFI stake will still not be possible during this upgrade.

If UNFI is unstaked, it will not be able to restake, and it does not create any availability for others to stake.

These things have not changed:

Staked UNFI can be unstaked at any time.

Staked UNFI continues to earn staking rewards as displayed on the dashboard.

UNFI staking rewards can be claimed at any time.

This upgrade does not impact UNFI referendum voting. Staked UNFI can still participate in governance.

Many exciting things are yet to come. UNFI holders will be the guiding voice in Unifi Protocol’s continuing evolution!

Unifi Protocol and uTrade can be found at https://www.unifiprotocol.com.

Connect with the Unifi community on Telegram, Twitter, Reddit or Medium.

Stake UNFI, earn rewards, and be part of the Global Unifi Protocol DAO governance. https://gov.unifiprotocol.com/my-dashboard.

For additional information on forming partnerships, developing on the Unifi Protocol, or using Unifi Protocol to support your project’s goals, email us! contact@unifiprotocol.com

Communications from Unifi are subject to Unifi’s standard terms and conditions, which can be found here.

Unifi Protocol incentivizes community participation in DeFi economies across multiple blockchains. Earn UP, Hold UNFI.

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Incentivizing community participation in DeFi economies across multiple blockchains | Earn $UP

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