TribeOne staking on Unifarm : Staking Guide
We are delighted to collaborate with UniFarm for the 22 Cohort of their staking protocol.
The staking program will go live on September 17th,1:30 UTC and will last for a period of 3 months. We will participate in the staking program along with three other projects, UniFarm, Skyrim Finance, and DragonVein.
UniFarm is an innovative farming solution where users can stake $HAKA and farm rewards in $UFARM, $SKYRIM, and $DVC in addition to $HAKA.
Hence, this platform allows users to stake one token but earn multiple high-value tokens.
Total Reward Pool Size is $100k, Reward pool per project is $25k. For every project, users can stake tokens worth $250k. As per a week-by-week schedule, users will be able to farm all the tokens taking part in UniFarm.
For instance, If one stakes UFARM tokens, for the first week they will earn UFARM tokens. For the 2nd week they will earn $HAKA tokens as well as $UFARM tokens. The 3rd week they’ll earn $UFARM, $HAKA, and $SKYRIM.
The staked tokens are locked for the duration of the cohort. Stakers of this pool will be eligible for a minimum APY of 36% and a maximum APY of 250%.
Please follow the steps mentioned below to participate in the UniFarm Cohort 22.
Step 1: Click on the link https://eth.unifarm.co/ to go to the UniFarm homepage.
Step 2 :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 3: Select the $HAKA token from the dropdown.
Step 4: Input the amount of $HAKA you wish to stake.
Step 5: 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 6: Click on “Approve”.
Step 7: Once approved, click on “Stake” to stake the selected amount. You would be prompted again to confirm the transaction on MetaMask. Click “Confirm”.
Step 8: Congratulations! You can claim rewards in the “MyStake” section of the website once the staking period ends.
TribeOne is the world’s first AI-powered decentralized financial platform backed with RAROC (Risk-Adjusted Returns On Crypto) technology. TribeOne is an NFT, lending, borrowing, saving, and credit risk platform that offers a seamless experience; toall the users through its innovative consumer-centric products. The platform will break barriers in the traditional financial ecosystem and revolutionize the DeFi sphere as a whole. Providing the community with a platform to lend, borrow and invest in crypto assets and NFTs. Therefore, offering an unconventional experience for all.