We recently went live with UniFarm Cohort 15, where $GAINS and $SDAO pools were 100% full within minutes. Now, we are happy to bring another exciting announcement for you.
UniFarm is proud to announce a partnership with Shield Finance, a multi-chain DeFi insurance aggregator that allows users to buy protection against market crashes. You can use Shield to protect your investments from hacks, rug pulls, price crashes and more.
How Will This Partnership Work?
With this partnership, both UniFarm and Shield Finance will be working on a collective front for the overall betterment of UniFarm users.
UniFarm will utilize Shield Finance’s Market Crash Protection contracts to provide $UFARM token holders with an added protection against the potential market crash. Users will be able to sell $UFARM tokens at a guaranteed price despite the volatile crypto market.
“Shield Finance is an extremely promising DeFi Insurance Aggregator, and we are happy to join hands with the team to make sure we’re building the future of DeFi together. Shield Finance’s Market Crash Protection will stimulate further long-term network activity on UniFarm,” said Tarusha Mittal, Co-Founder at UniFarm.
On the other hand, as part of the strategic partnership, Shield Finance will get a link to their Market Crash Protection contracts for $UFARM tokens on UniFarm. Besides, their native token, $SHLD, will be joining a pool in our upcoming UniFarm Cohort.
“We’re excited to provide Market Crash Protection for $UFARM token holders. We believe that the UniFarm project provides great mechanics for decentralized farming, and we want to make sure that $UFARM holders are protected from downside volatility. We look forward to further collaborations with UniFarm in future,” said Denis Gorbachev, CEO of Shield Finance.
About Shield Finance
Shield Finance is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events. They are currently integrating multiple insurance providers to provide their users with reduced slippage and expansive coverage.
UniFarm is a one of a kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.