UNFI Staking on Ethereum Continues
For UNFI already staked in January — no need to restake!
Earn up to 40% APR — Rewards for stakers increase as more UNFI gets staked
- UNFI Staking on Ethereum — https://gov.unifiprotocol.com/my-dashboard
- February 1 marks the official start of the public beta phase of UNFI staking, which will continue until at least April 1, 2021.
- Existing stake is automatically eligible to continue earning staking rewards until at least April 1, 2021
- As the amount of staked UNFI increases, staking rewards for all staked UNFI increase.
- A maximum of 500,000 UNFI will be able to participate in February. Once 500,000 UNFI are staked, no more UNFI can stake until someone unstakes and makes room!
At the start of 2021, UNFI staking on Ethereum officially began. Within three weeks, over 330,000 UNFI were staked into the Unifi Protocol staking smart contract! This is just the beginning, as UNFI staking is here to stay. UNFI holders benefit from this exciting utility of staking and earning rewards with their tokens.
February marks the official start of the public beta phase of UNFI staking. For the UNFI already staked, there is no need to do anything! New UNFI stake and UNFI that was staked in January will be eligible to earn staking rewards in February and the months beyond.
This beta phase will run until at least April 1, 2021. UNFI staked in January, February, or March will not require any additional staking transactions to earn rewards through the end of this event. Depending on the outcome of this event, and feedback from the community, UNFI staked during the beta phase may automatically transition into GGM staking.
Limited Space is available!
Unifi has some bonus incentives planned for this month, which will all lead into March’s special events. Great things often come with being first, especially in blockchain! Being among the first to be a part of UNFI staking is no exception. But all good things also have limits, so for the month of February, only 500,000 UNFI will be allowed to participate. Once 500,000 UNFI are staked, no more UNFI can stake until someone unstakes and makes room!
As the rewards increase for each UNFI that is staked, and spots run out, you won’t want to miss out and have that “I knew I should have done it” feeling! Stake your UNFI today!
Increasing Rewards as more UNFI is staked
With typical staking, as more tokens are staked, the rewards for each token staked decreases. UNFI staking in January and February is the complete opposite — as more UNFI tokens get staked, the rewards for each UNFI staked goes up! Each additional UNFI staked earns higher and higher rewards for every UNFI staked.
For example, at 330,000 total UNFI staked, the APR per each UNFI staked was just over 26%.
At 400,000 total UNFI staked, the APR increases to at least 31.5%. Each participant in the event earns more UNFI as more total UNFI gets staked.*
At the maximum total amount staked of 500,000 UNFI, rewards will almost 4X to nearly 40% APR.
It is in everyone’s best interest to ensure the maximum amount of UNFI is being staked on Ethereum.
GGM launch open for community input
As described in the Global Governance Model Launch Framework, the GGM will launch in phases. The order and process of this phased launch are still open for community input and discussion in Unifi’s subreddit.
Details and Conditions
*Unifi reserves the right to increase staking rewards, or run select limited time promotions for those who are participating in staking, at any time.
All terms or information described herein are subject to change, and this article may be revised at any time, without notice, to reflect the most current information. Participants in UNFI staking should confirm the current information prior to participation.
All communications from Unifi are subject to Unifi’s standard terms and conditions, which can be found here.