Just recently, we listed some trading pairs on the Pangolin exchange and launched new farming pools with increased APRs on the Avalanche version of the SpaceSwap platform, using the Shadow technology. It’s time to try them out, if you have not already done so yet!
To continue building a strong community on the new network and introduce ourselves to new members, we are starting a new joint cohort with our good friends at UniFarm. This is the second time we are joining such an event and we invite you to join as well.
UniFarm Cohort 33 starts on January 7th, at 13:30 UTC. The Cohort 33 reward pool will run for 90 days and the following tokens will be available for farming:
$MILK2 with SpaceSwap
$AVME with AVME
$ORO with OpenDeFi
$UFARM with UniFarm
UniFarm Cohort 33 will be going live on the Avalanche Network. Users can stake their MILK2 tokens and get rewards in the tokens of all other projects that are also taking part in the cohort.
For staking $MILK2, Cohort 33 participants will receive the following rewards:
Week 1: You'll be earning $MILK2 as rewards.
Week 2: You'll be earning $MILK2 and $AVME as rewards.
Week 3: You'll be earning $MILK2, $AVME, $ORO as rewards.
Week 4 onwards: You'll be earning $MILK2, $AVME, $ORO and $UFARM as rewards.
Why UniFarm and how can you stake your tokens in the cohort?
UniFarm is an innovative farming solution in which projects come together to create a reward pool. Users can stake any one of the participating tokens and receive multiple tokens as rewards, with a minimum APY guarantee and zero market exposure.
Staking tokens with UniFarm is very easy. First, make sure you have the following:
- A MetaMask account, so that you can stake tokens on UniFarm (in case you are not familiar with MetaMask, you can find some instructions here).
- AVAX in your MetaMask to pay for the gas fees.
Once you’ve taken care of the requirements listed above, please follow the steps below to start staking on UniFarm.
Go to https://avax.unifarm.co/ and Click on “Connect Wallet” in the top right corner.
Select the token you want to stake and click on SHOW ME AVAILABLE POOLS.
The system will retrieve all the information on your selected token, with the most recent pool at the top — for example, APY, MAXIMUM STAKING LIMIT, POOL STRENGTH and so on.
Click on STAKE NOW to view the GUARANTEED returns you’ll receive after staking the token for 90 days.
You should now be able to see the rewards you’ll be receiving after staking your selected token for 90 days. Click on APPROVE.
Your wallet will prompt you to approve the tokens. Click to CONFIRM. Please note that the approval of any token will require you to pay a gas fee.
Click on STAKE after you have approved the interaction.
Your wallet will prompt you once more to confirm the number of tokens you’re staking on UniFarm, as well as the gas fee required for the transaction. Click on CONFIRM.
UniFarm offers its token holders diversification by allowing multiple token farming options, thereby incentivizing users to stay longer on the platform.
Users can achieve an APY of up to 250% while retaining custody of their tokens. Users also have complete control over their personal token activity, making tokens less vulnerable to market volatility.
As a farming concept, the platform unites various tokens in its cohorts, where users can stake just one token and receive revenue in all of the tokens participating in the cohort.
Jump into the cohort and start earning profit right away!