Centaur is increasingly gaining popularity and it is with protocols like Unifarm that the crypto is likely to experience a significant increase in the near future.
To create UniFarm , Centaur partnered with OpenDeFi and we can say that they created an absolutely innovative protocol or at the very least, a very practical one.
The principle, as we mentioned in the title, is to set up a single platform where you can stake one token to earn multiple tokens at once. And to do this, you simply need to stake the Centaur token. No more using and switching between different protocols. Everything is integrated into a single platform. Pretty neat, right?!
The platform is relatively very recent in that it has been operational since February 3, 2021. Today, we are at version 3 of the protocol.
Come on, let's take a closer look.
UniFarm: What is it?
UniFarm is a multi-token staking protocol launched by OpenDeFi . With UniFarm, token holders can stake their token and earn multiple tokens as rewards. These are tokens from some of the largest and most popular DeFi providers.
It's really like classic staking except that here, for example, the CNTR holder will receive multiple rewards. In this way, he will diversify his portfolio easily and without having to stake on several protocols.
For the moment and for the first version of the protocol, the tokens available are:
- OpenDefi (ORO),
- Reef Finance (REEF),
- HAPIA
- PLAYCENT
- Matic Network (MATIC),
- Frontier (FRONT)
- FENCE
- RUST
- Of course Centaur (CNTR).
- New tokens are added regularly.
So, if for example, a user deposits a CNTR token on UniFarm, the first week, they will receive CNTR tokens. The second week, he will earn ORO and MATIC. The third week, he will receive CNTR, MATIC and ORO, and so on over the weeks. Rewards are random.
Return rates up to 350%
On UniFarm, users will get a minimum APY of 40% and a maximum APY of 250% depending on the staking duration.
If we talk about duration, it is because the pools on UniFarm last 90 days but you can nevertheless withdraw your assets at any time. That said, if a person does this, the cycle will be reset if they want to file again.
To know and estimate your winnings, simply select the token you want to stake. Then, you will see the APY rate of the pool and especially the tokens that are offered as rewards.
As you see in the screenshot, the pools fill up quickly and you have to move quickly to find an available pool.
In any case, here is a protocol that seems really simple and practical to use. Likewise, it makes staking accessible to everyone and truly decentralized.
What more?
We also think that this protocol will certainly also contribute to making OpenDefi and especially Centaur known. For example, we invested in the CNTR crypto when we were attracted by UniFarm.
Moreover, Unifarm received an investment of 2 million dollars from leading blockchain investment funds such as AU21 Capital, LD Capital, Rarestone Capital, Morningstar Ventures, NGC Capital, Alphabit, Moonwhale Ventures, Acheron Capital, Zokyo Ventures, etc. .
That's usually a good sign, isn't it?
>> Link to Unifarm
There you go 🙂
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