Below is our recent interview with Tarusha Mittal, COO & Co-Founder at UniFarm:
Q: Could you provide our readers with a brief introduction to your company?
A: UniFarm is an innovative wealth creation platform that brings together top DeFi projects to create a high-performing group farm for them. Here, a user can stake one of the tokens in a pool and get rewarded in all tokens within that given pool. We offer our users a minimum guaranteed Annual Percentage Yield (APY) or in simpler terms return of 35% which can go upto 250% to every user/investor. This favors both the investors and the projects entering the cohort of UniFarm as high APYs result in a higher demand of the token. With UniFarm we are creating a one-stop DeFi ecosystem for projects which are trying to raise money via tokens with a slew of services which help these new projects grow right from the very onset from launching their IDO to providing utility to their token etc.
Q: Any highlights on your recent announcement?
A: UniFarm, with this merger, aims at creating a wider ecosystem that caters to the strengths from both platforms (UniFarm & OpenDefi) all in one place. Since, both the brands have a common aim of wealth creation but in different directions; with this merger we intend to revolutionize NFTs by harnessing the power of collaboration with asset backed group NFTs. We also want to harness the technology behind NFTs to enable holders exclusive access, and collaborative community building, with significantly improving the experience of buying, minting, and selling NFTs.
Q: Can you give us more insights into your offering?
A: UniFarm’s unique model of supporting multiple tokens puts it in a separate class of DeFi projects which ends up being valuable for both, the users and the projects. Being a 100% decentralized platform, it provides users an opportunity to earn passive income by maximizing their holdings as well as diversifying their investment portfolio with additional tokens that are provided to the users as rewards.
Specifically talking from a new project perspective, we are creating a healthy ecosystem for projects which are trying to raise money via tokens with our wide range of services. These services include:
- IDO Launchpad- a dedicated platform for top of the funnel IDO launches
- Additional Utility to Token- With our platform we provide additional utility to tokens. Once a project is onboarded on UniFarm, their token holders can stake the tokens and get many other good project tokens at high APY. This creates a new utility for the token.
- Liquidity Farming- Our innovative gamification framework helps create an additional demand for the tokens. The APY works inversely with the pool strength. If there is a project that does not have a lot of stakers, it means the APY would be very high, making it attractive for the investors to buy and stake this token and also get multiple other tokens as rewards.
- AMM- We also help projects with an AMM. Under this digital assets are traded by using our liquidity pools instead of a traditional market of buyers and sellers.
- Bridge- Often assets are not compatible on different blockchains, this is where we help them with our bridging services to bridge their tokens from one network to another.
All these things together help a project grow. We also have a very strong group of ecosystem partners which includes a network of 70+ investors (Tier 1 and 2, Entrepreneurs and Fund Managers), marketing partners, KOLs etc. that helps projects furthering their growth momentum. We are invested dedicatedly in making the overall Defi ecosystem better and a more friendly place to grow.
Q: What can we expect from your company in the next 6 months? What are your plans?
A: Post merging with OpenDefi, we are planning to launch some really cool NFT collections for our users. We are also planning to launch our staking services on other blockchains as we are currently active on BSC, Polygon, ETH and AVAX. In addition, users will continue to get special access to the most buzzing IDOs with IDO Launchpad ‘UNIFARM Launch’. We are also in talks with some top of the line Centralised Exchanges and you will be soon hearing some great announcements from us alongside our new feature related announcements.
Q: What is the best thing about your company that people might not know about?
A: Being at the prime amid the web 3 revolution, we feel a strong tech team is the core to achieving greater heights. We are blessed with a very talented and diverse team across the globe that has helped us in faster expansion of our product and services.