Staking EasyFi EZ Token on UniFarm
Blockchain is still in the stage of technological innovation that flows in the space day after day. Each project brings some value, be it in the field of decentralized finance (DEFI), non-fungible tokens (NFT), stablecoin, or simply a way to help solve complex problems in a decentralized way as much as possible. Where there is a big gap in blockchain technology is interoperability and comprehensive solutions.
UniFarm aims to solve this problem through its unique staking solutions. They provide unique staking solutions that enable users earn interest on the tokens they stake for a particular period of time. UniFarm cooperates with many projects to form a bounty pool made up of all their tokens. Then the user can stake one of these tokens to get a reward among all the tokens in a given group. In the UniFarm ecosystem, these groups are called groups and there are many groups available on the platform.
What is Unifarm?
UniFarm is a DeFi solution where the best projects in the DeFi field come together to provide value to investors. The platform allows you to bet one token but win multiple high-value tokens. Therefore, in addition to an excellent APY, your returns will automatically diversify. UniFarm motivates more users to stay on the platform longer. The system has a built-in gamification synthesis framework. The longer you stay, the more benefits you will get.
How it Works
UniFarm works similar to a normal staking program but with a twist — instead of being rewarded with just one type of token (usually the staked token), UniFarm distributes the rewards in the form of multiple tokens, which allows CNTR stakers to get a diversified portfolio of rewards. For example, if one stakes EZ tokens, for the first week they will earn EZ tokens. For the 2nd week they will earn EZ tokens as well as ORO tokens. 3rd Week they’ll earn EZ, ORO as well as FRONT, and so on.
Benefits of Unifarm
- Users can stake any one or more of their holdings from the above tokens.
- Users can un-stake anytime, however, un-staking will reset their clock back to zero.
- The UniFarm Pool will last for 90 days.
- Users will get a minimum APY of 40% and a maximum APY of 250% depending on how long they stay staked.
- Total Reward Pool Size is $50k, with $10k per project.
- Per project tokens worth $100k can be staked.
How To Stake Easyfi $Ez Token On Unifarm
Below is a step by step analysis on how to successfully stake $EZ tokens over UniFarm cohort 13 (polygon).
Step 1:
Visit UniFarm — Go to Unifarm official site and select Pools on Polygon from the launch app option.
Step 2:
Connect Wallet — Click on “connect wallet” and select wallet option from Metamask, Coinbase, or Trust Wallet.
Step 3:
Select Token — Once your wallet has been successfully connected with UniFarm, proceed to select any token you want to stake from. In this case, choose $EZ.
Step 4:
Get Token Information — There is a detailed information about the pool for $EZ token in the next window. Take your time to go through it.
Step 5:
Click Stake Token — Once you click on “Stake Now,” it will show you the rewards you will get after 90 days of staking your $EZ token.
Step 6:
Approve Token — Your wallet will prompt you to approve the tokens. Click on CONFRM to proceed or you can click on REJECT to cancel the transaction.
Step 7:
Click Stake — Once you approve the transaction, proceed to tap on stake.
Step 8:
Confirm Transaction — Your wallet will prompt you again to show the number of $EZ tokens you are staking on Unifarm Cohort 13 and the Gas Fee required for the transaction. Kindly click on CONFIRM in order to proceed.
Step 9:
Staking Completed — and that is it! You have successfully staked your $EZ tokens over UniFarm cohort 13 (polygon).
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