Progress Recap: A Look at OpenDeFi in February 2021

January was a good start, and we have seen it in our last Progress Recap for January 2021.

Well, a lot has happened in the month of February.

So, many milestones were hit, valuable AMA’s took place, and the major highlight of the month was, of course, UniFarm.

As recorded on February 17, 2021, the Total Value Locked in UniFarm crossed $3.1 million.

February was an exciting month, and in the same spirit, here’s our Progress Recap for February 2021.

UniFarm Cohort 1

Following the announcement made in January 28, 2021, UniFarm Cohort 1 took place on February 3, 2021.

We received an overwhelming response on the very first day of UniFarm where $415K worth of tokens got locked up in just 20 minutes.

We got a huge response for the cohort and could see that people can’t stop talking about how happy they were to stake on UniFarm.

The Benefits People Could Avail in UniFarm Cohort 1 –

  • Users could stake any one or more of their holdings.
  • Users will get a minimum APY of 40% and a maximum APY of 250% depending on how long they stay staked.
  • The total reward pool size is $50K, with $10K per project.
  • Per project tokens worth $100K can be staked.
  • The UniFarm pool will last for 90 days.
  • Users can unstake anytime.

Read more about UniFarm Cohort 1 here.

UniFarm Cohort 2

After the grand success of UniFarm Cohort 1, the UniFarm happened again.

The awesome response we received in UniFarm Cohort 1 was amazing. It drove us to bring it again for the users.

Yes, UniFarm happened again. This time, it was BIGGER & BETTER.

The announcement went live on February 10, 2021 comprising all the major details about the UniFarm Cohort 2.

The UniFarm Cohort 2 occurred on February 13, 2021.

And this time, the response we got too was BIGGER & BETTER.

Surpassing the previous record, in UniFarm Cohort 2, $807K worth of tokens got staked under 30 minutes, and the TVL recorded in 24 hours crossed $1.5 Million.

The Benefits People Could Avail in UniFarm 2 –

  • Users could stake any one or more of their holdings.
  • Users will get a minimum APY of 56% and a maximum APY of 300% depending on how long they stay staked.
  • The total reward pool size is $150K, with $25K per project.
  • Per project tokens worth $350K can be staked.
  • The UniFarm Cohort 2 pool will last for 90 days.
  • Users can unstake anytime.

With our step-by-step guide on How to Stake on UniFarm Cohort 2, investors could stake their tokens with much ease.

You can find more details here.

UniFarm Cohort 3

The response we received from our beloved audience in UniFarm Cohort 2 was remarkable. After their continuous demand, we announced another Cohort for UniFarm. This, time we came up with packed surprise.

The announcement for UniFarm Cohort 3 went live on our social media handles on February 25, 2021.

The details of the announcement can be found here.

We Got Featured on Major Crypto Sites

NewsBTC Featured UniFarm

NewsBTC is a crypto media platform aimed at enlightening everyone with their insightful information, technical analysis and forecasts in the crypto space.

The fastest growing crypto news platform featured UniFarm on February 3, 2021, highlighting staggering returns people gain through the platform.

You can find all the related details here.

The Drum Featured OpenDeFi

The Drum is a global media platform and one of the biggest marketing website in Europe and Asia, where OpenDeFi got featured on February 12, 2021.

Now, this is the good sign that OpenDeFi is able to make a global influence in the blockchain space.

The platform showed why OpenDeFi could make blockchain mass adoption a reality.

You can find every single detail on how OpenDefi is making blockchain mass adoption a reality right here.

BTCMANAGER Featured UniFarm

The wave started by UniFarm doesn’t seem to settle any sooner.

After the highly successful initial launch, the platform was heard making noise over the internet. This time, UniFarm was featured by one of the leading global crypto news website, BTCMANAGER.

Home for Cryptocurrency, Blockchain and FinTech news, BTCMANAGER gave a detailed insight to the investors of UniFarm Cohort 2.

Get more details here.

QuillAudits Featured Mohit Madan, Co-Founder at OpenDeFi

A product of QuillHash, QuillAudits is well-known for offering smart contracts security audits and cybersecurity solutions for blockchain and cryptocurrency products.

The platform released a DeFi Exclusive Security Synopsis 2020 to provide investors with the in-depth analysis of decentralized finance and security, where our co-founder, Mohit Madan got featured.

You can check the UniFarm Audit Report by QuillAudits here.

And, There Were Interesting AMAs

AMA Announcement: UNIFARM | OpenDeFi X Centaur X Matic

With an aim to enhance the reach of UniFarm Cohort 1, we had our first joint AMA with MATIC and Centaur where we discussed how UniFarm works and how users can get the best returns on their holdings.

The joint AMA took place on February 2, 2021 and was hosted by Arun Philips, Marketing Lead from Matic Network.

Check details here.

UniFarm AMA with Reef Finance

After having our first joint AMA with MATIC community about UniFarm, the OroPocket co-founders Tarusha Mittal and Mohit Madan interacted with Reef community which was accompanied by Reef Finance co-founder, Denko Mancheski.

With this AMA, Reef Token holders got to know more about UniFarm, how they could stake their Reef tokens and farm the others.

The AMA took place on February 3, 2021.

UniFarm AMA with Centaur

After the UniFarm Cohort 1 had gone live on February 3, 2021, we had our next AMA with Centaur community.

With this AMA session, we got the Centaur community to know more about UniFarm where they have an exciting opportunity to earn popular tokens without investing in them.

From OpenDeFi team, Tarusha Mittal and Mohit Madan joined the conversation and answered all the questions related to UniFarm.

The AMA occurred on February 4, 2021 @ 12:00 PM IST | 06:30 AM GMT on Centaur’s official Telegram channel.

UniFarm AMA with Frontier

Unifarm AMA announcement

In our conquest to make UniFarm available to as many of you as possible, we had our next AMA session with Frontier.

The AMA went live on February 5, 2021 with OpenDeFi co-founders Tarusha Mittal and Mohit Madan leading stage.

And, A Master AMA Happened for the First Time

This time, we brought members of SIX massive projects participating in UniFarm Cohort 2 in the same AMA to discuss all things related to UniFarm Cohort 2.

The projects participated in this Master AMA include –

  1. Matic Network
  2. Nord Finance
  3. Terra Virtua
  4. Router
  5. Zeroswap
  6. OpenDeFi

The 10 individuals with best questions were rewarded $100 in $ORO.

Know more about this Master AMA here.

AMA with Router Protocol

We had an insightful AMA session with Router Protocol February 16, 2021 @ 07:00 PM IST | 1:30 PM GMT.

The AMA session was led by OpenDeFi co-founder Tarusha Mittal and Mohit Madan discussion all the queries related to DeFi space.

UniFarm Cohort 3 Master AMA Session

Yes, we went big with UniFarm Cohort 3.

UniFarm was gaining momentum and we couldn’t help discussing this live with our partners and audience.

All six projects: PAID Network, MANTRA DAO, Razor Network, OpenDeFi, Royale Finance and PLOTX will come together for a Master Video AMA which was live-streamed across all of OpenDeFi’s socials including Twitter, YouTubeFacebook and LinkedIn.

Wrap Up!

Hope you enjoyed keeping track of all the major happenings at OpenDeFi and UniFarm! Stay tuned; we have March already underway!