Pinknode made the thrilling announcement of launching the initiative of group yield farming by participating in UniFarm of OpenDeFi. As one of many individuals of Cohort 16, together with Polkafoundry, PolkaBridge, and Kylin Community will provide the yield farmers the chance of accumulating Polkadot tokens. UniFarm, the staking pool of OpenDeFi, permits customers to place belongings at stake for yield farming. The dimensions of the token revenue will increase the period of time that the customers put money into farming.

UniFarm contains a system recognized for its built-in compounding gamified infrastructure that allows the farmers to acquire extra rewards via yield farming. The platform additionally permits the yield farmers to unstake at any given time by resetting the staking clock to its default zero worth.

The platform of Pinknode is able to provide the beneficiant reward of 5 tokens to the farmers who take part in your complete course of yield farming. The course begins with the staking of the $PNODE asset within the preliminary week from which the farmers purchase $PNODE tokens. The farmers can proceed to conduct staking of belongings within the second week of the course to rake in each $KYL and $PNODE tokens. Within the third week, the farmers can earn tokens of $PKF, $KYL, and $PNODE via meticulous yield farming at Pinknode. If the yield farmers make it to the third week of the course, they reach reaping nice rewards, but when they unstake their belongings, they must start once more from sq. 1 by staking to earn tokens of $PNODE.

The UniFarm pool of Cohort 16 is all set to start on July 8, 2021, and proceed for ninety days straight. The reward pool of the native tokens of every venture is about at $25,000, and the whole pool of rewards is price $125,000.