UNIFI staking update — maximum stake limit will be raised

Don’t miss out on incredible staking rewards — Be prepared to stake when space becomes available

Key Points:

• For those already staked — no action is needed to continue receiving the best rewards in DeFi governance staking!
• An additional 100,000 staking spots to be opened up to the community.
• A maximum of 600,000 UNIFI will be able to participate in UNIFI staking beginning on or about April 1, 2021. Once 600,000 UNIFI are staked, no more UNIFI can stake until someone unstakes and makes room!
• UNIFI staking is a feature of the Unifi ecosystem at https://gov.unifiprotocol.com/my-dashboard
• The next phase of GGM — Class 2 staking is under development

At the start of 2021, UNIFI staking on Ethereum officially began. Within weeks, UNIFI staking grew to fill the 500,000 UNIFI maximum allowed staking. Some UNIFI holders waited to stake and missed out on the outstanding staking rewards! Those who engaged early and supported Unifi were present for the end of February promotion and briefly rewarded with over 3000% APR rewards.

Opportunities for those who participated in the Unifi token economy have been plentiful, and more is to come.

April marks the official start of development on GGM class 2 staking. UNIFI staking is an ongoing feature of the Unifi ecosystem and governance model. UNIFI staked during the beta phase may automatically transition into GGM staking when that launches. No promises can be made as this is still under development. However those people who earn more UNIFI through staking will be able to use those UNIFI to have a louder and more influential voice in the GGM when it launches.

For people who have UNIFI already staked, there is no need to do anything to continue earning rewards.

Available space in UNIFI staking will continue to be limited!

Did you miss out on previous opportunities with UNIFI staking? Don’t miss out and have that “I knew I should have done that” feeling! Stake your UNIFI today!

Increasing Rewards as more UNIFI is staked

In anticipation of GGM staking rewards, adjustment to the staking rewards will continue to occur periodically. April’s rewards will continue to follow the model that more UNIFI staked creates higher rewards for everyone.

With typical staking, as more tokens are staked, the rewards for each token staked decreases. UNIFI staking in April is the complete opposite — as more UNIFI tokens get staked, the rewards for each UNIFI staked goes up! Each additional UNIFI staked earns higher and higher rewards for every UNIFI staked.

On or about April1, the maximum total allowable stake will be raised to 600,000 UNIFI, which will provide rewards of almost 36% APR. Higher returns may be possible by compounding staking rewards, which can be done by the user at their discretion and if space allows. It is in everyone’s best interest to ensure the maximum amount of UNIFI is being staked to gain the maximum staking reward.

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 change staking rewards, or run limited time promotions for those who are participating in staking, at any time.

The maximum allowable stake may fluctuate slightly.

APRs listed are approximate. Higher returns may be possible by compounding staking rewards, which can be done by the user at their discretion if space allows.

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.

Unifi Protocol and uTrade can be found at https://www.unifiprotocol.com. Connect with the Unifi community on Telegram, Twitter, Reddit or Medium.

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

Be a part of developing Unifi Protocol DAO’s UNIFI’s Global Governance Model (GGM). Join the conversation on Unifi’s Reddit

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