We are excited to announce that there are only days left until $ROUTE goes live on UniFarm’s second group staking project.
The second cohort of DeFi projects will be launching on UniFarm on February 13th, 7 PM IST/1:30 PM GMT. Router Protocol will be one of the pools joining UniFarm’s second group staking project, standing side by side with OpenDeFi, Matic Network, Nord Finance, Terra Virtua, and Zeroswap.
We remind users that the group staking pool will last for 90 days, offering a minimum APY of 56% and a maximum APY of 300% depending on how long they stake their funds in the pool.
The reward pool will be worth $150,000, with $25,000 set for each protocol. Users will be able to stake up to $350,000 worth of tokens per protocol.
Those new to UniFarm will be delighted to hear that they can un-stake and re-stake their tokens from the UniFarm Pool at any time. However, removing tokens from the pool will reset the rewards clock, which means that users that want to re-stake their tokens will have to start the farming cycle from the first week.
Learn more about the staking cycle on UniFarm in our original announcement.
OpenDeFI is a fintech protocol created by Oropocket that enables custody of real-world assets on blockchains and allows developers to build applications on top of it. OpenDeFi launched UniFarm, a staking protocol that will further incentivize users to use the platform and access a slew of DeFi farming tools and benefits from a single access point.
By enabling users to farm multiple tokens in one place with limited exposure, UniFarm provides traders with the opportunity to reduce the need to use multiple different farming platforms.
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
Telegram announcements: https://t.me/router_ann