CoverRangers! You can now stake your $CVR in UniFarm Cohort 6.
Joining with us in this process are three other innovative projects — $ORO, $GFX and $RFUEL
Date: 27th APRIL, 2021
Time: 10 PM IST / 16:30 GMT-UTC
The staking process –
Step 1: Click on “Connect Wallet” to select wallet options as MetaMask, Coinbase or TrustWallet and connect to your wallet. (Once connected, the UniFarm website will show your wallet address).
Step 2: Select the “Select Token” option and choose the token of your choice.
Step 3: In the following field, enter the amount of tokens you wish to stake. (The amount should not exceed the available token balance).
Step 4: Click on “Show Available Pools”. Active pools which contain the selected token will be displayed. (Along with other information such as APY, reward token & Lock-In)
Step 5: Click on the “Stake Now” button to see the 90-day return policy. (Staking is not possible beyond your wallet balance as well as the single user limit)
Step 6: Click on “Approve” to proceed or click on “X” to go back to step 2 to select another token.
Step 7: MetaMask will prompt the approval of tokens (Gas Fees are required in order to proceed with the approval). Click on “Confirm” to proceed.
Step 8: Once approved, click on “Stake” to stake the selected amount. You would be prompted again to confirm the transaction on MetaMask. Click “Confirm”.
Benefits of Staking in this Cohort –
- Users can stake using one or more of the tokens mentioned.
- Users can unstake anytime.
- The Cohort 6 lending pool will last for 90 Days.
- Users are entitled to a minimum APY of 36% and a maximum APY of 250%. Each project will contribute $25K worth of their tokens to the reward pool, with the total size being $125K.
- Tokens worth $250K can be staked per project.
- This pool is on Ethereum, with ERC-20 Tokens.
Let’s say you are staking $CVR tokens
Week 1 — You farm $CVR tokens only.
Week 2 — You farm $CVR + $ORO
Week 3 — You farm $CVR + $ORO + $GFX
Week 4 — You farm $CVR + $ORO + $GFX + $RFUEL
And so on.
LET THE STAKING BEGIN!
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