Yield Farming begins on Tuesday, December 1st at 6 PM EST. 100k UFR will be distributed over 50 days, at a rate of 2000 UFR per day.
UFR DeFi Liquidity Farming Event Overview
On December 1st, 2020 at 6 PM EST, we will be launching a liquidity yield farming event on Unicrypt. Over the course of 50 days, 100k UFR will be distributed amongst liquidity providers on Uniswap in direct proportion to the amount of UFR/ETH they stake on UFR’s Uniswap Liquidity Pool, which amounts to 2000 UFR per day split amongst all participants. Anyone can add liquidity on Uniswap and partake in this farming event. It is recommended that you start staking now in advance of the start date so you can maximize your UFR earnings and start earning from the first block when the event goes live. In the next section, we will go over how you can stake your UFR on Uniswap and earn both farming UFR and additional UFR + ETH from transaction fees from the UFR/ETH Uniswap market.
Step-by-Step Instructions to Participate and Earn UFR
- Go to Uniswap’s UFR/ETH pair and add equal amounts of UFR and ETH to the pool. You will need to have your UFR in Metamask or another Uniswap-compatible wallet to do this.
- Once your UFR and ETH are staking on Uniswap, navigate to Unicrypt and click on “Farm UFR” to expand the tab.
3. Once the tab has expanded, you will see how many UNI-V2 tokens you have to stake. These are the tokens Uniswap gives you to represent the tokens you are staking in the UFR-ETH liquidity pool. Click on the blue “Stake” button and then click on “Approve”. Send the Approve transaction and wait for it to confirm on the blockchain.
4. Once the Approve transaction is confirmed, enter the amount of UNI-V2 tokens you would like to stake or press “MAX” to stake them all (recommended). Then click on “Stake” and send the transaction to the blockchain.
5. You’re done! Refresh the page and you can see how many UNI-V2 tokens you are staking, your pool share, and more! You can also click on “Farm Info” to view more information about the farm and see the APY (yearly % earnings) that you’ll be earning once farming goes live. You can withdraw your UNI-V2 tokens at any time and return them to Uniswap in exchange for your UFR and ETH.
When farming, you’ll be earning both a piece of the 2000 UFR farm rewards per day in addition to transaction fees from the UFR/ETH Uniswap market. You can view your UFR and ETH earnings from Uniswap transaction fees by entering your address here once you are staking your UFR and ETH on Uniswap. Happy farming! 👨🌾
Don’t forget, you can also participate in the Upfiring Seeding Competition to earn even more UFR by seeding files in our dapp. You can download the dapp on our website and share your SC1 and SC2 files here. Be sure to read the instructions in the link above (or click here) to be sure you are maximizing your potential for UFR earnings!