Hot Deal
Launchpool Project
UniFarm
One farm to rule them all. UniFarm is an innovative farming solution where top DeFi projects come together to create a reward pool. Users get a chance to stake any ONE token and earn all the others as rewards. It is a win-win solution for both the parties involved — Projects and Investors.
Raise Network:
Ethereum Mainnet
Distribution Network:
Ethereum Mainnet
Target Raise:
40 ETH
Summary
Our journey in Decentralized Finance began with the launch of OroPocket, at the stroke of midnight on 1st January 2020. Our vision was simple - empowering users to "own their money".
Instead of parking their money with banks, users could keep them in assets (such as gold, silver, stocks, ETFs, real estate etc.) and spend it in real-time using a bunch of financial services such as an asset-backed debit card, instant loans, earning yield on assets etc.
This enabled the users to get 100% insurance on their "money" and the ability to beat inflation.
We received good traction for our product and soon decided to turn it into a completely decentralized offering with OpenDeFi Finance. The open nature of OpenDeFi could enable adding various asset classes and empower developers to build financial services on it.
Unlike a bank, we're open. Just plug and play.
Soon after the launch, we partnered with over 20 startups and reputed companies to expand and thus began the development journey of OpenDeFi and the launch of its governance token $ORO.
During this period, we realized that several startups are raising capital, and most of them raise capital to build products. While they're building, there's no real utility of the token, and hence the price kept falling. We decided to solve this problem for ORO.
We spoke with several partners and founders who were facing similar challenges. We got back to the whiteboard and started working on a solution. With a basic framework, we reached out to some of our close associates, and they were more than willing to experiment. This is how the first cohort of UniFarm was born with $ORO, $MATIC (now Polygon), $REEF, $CNTR and $FRONT.
We're ever so grateful to them and their community for the overwhelming response and amazing feedback. Thus UniFarm was born.
With this whitepaper, we introduce UniFarm, an innovative farming solution.
At the time of writing this whitepaper, UniFarm already has a TVL of $8.4 million
$UFARM Token Use Cases
1. Governance
$UFARM is the governance token for UniFarm platform. We're working on converting it into an independent SaaS offering so developers and projects can build unique offerings for the different pools. All protocol-level changes shall be governed by voting using $UFARM tokens.
2. Staking
$UFARM token will be part of all major cohorts, enabling token holders to stake $UFARM tokens and earn a bunch of other high-quality project tokens at a good APY.
3. Premium Pools
UniFarm would be launching several premium pools and offering, which would be available to $UFARM token holders on a TIER structure.
4. Premium Offerings
UniFarm is collaborating with several platforms, launchpads, wallets and service providers to synergies with them for issuing tickets etc. This would be made available to $UFARM token holders on a TIER structure.
5. Add-ons Access
UniFarm is working on adding several add-ons (such as on-chain insurance, NFT farming etc.). These would be made available to $UFARM token holders for a TIER structure.
6. Paying Fees
As we move towards a SaaS model, all premium features would be accessible to developers and projects by paying fees in $UFARM token. Essentially, it would be the utility token for building on UniFarm.
Project coming soon
What is allocation mining?
Allocation mining is the action of staking $LPOOL to receive a part of the allocation offered by projects on the Launchpool platform.
What is AMR - Allocation Mining Reward
This is a measure akin to APY. It is designed to help participants understand the rate which they are mining allocation over the Allocation Mining Event.
What is an AME - Allocation Mining Event
An Allocation Mining Event (AME) is a staking pool in which you lock up your $LPOOL until the end of the AME (normally 4 or 5 days in length). Staking your $LPOOL in the AME gives you the option to purchase the allocation you mined - using ETH to make the investment - at the end of the AME countdown. After the AME your $LPOOL is returned, regardless of whether or not you take the allocation mined.
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