NovaDeFi Staking with Ferrum: Your New Staking Experience

NovaDeFi
1 min readDec 12, 2020

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Our latest achievement at NovaDeFi was an establishment of long-term collaboration with Ferrum Project, which is specializing in sphere of Staking Contracts functionality.

We are really glad to connect our project with their technology to provide the best experience for our community!

WHAT IS STAKING?

Staking is the process of holding tokens in a cryptocurrency wallet to support the operations of a network. Participants are rewarded for depositing and holding coins, with constant guaranteed time-based returns. Rewards are calculated based on staking time: the longer you stake, the more you earn.

Staking Instruction

We are happy to announce, that Staking with Ferrum will go live on Monday at 2 PM UCT Time. To participate in staking, you need:

  • Visit stake.novadefi.com
  • Press on Gold Staking (which will redirect you to Unifyre Page)
  • Connect your Wallet to Unifyre through Metamask or Wallet Connect
  • Choose Stake (once this option will be available)

Staking Details

  • Staking Start Date: 14/12/2020 2PM UTC
  • Staking Contribution End Date: 21/12/2020
  • Early Withdrawal Start Date: 21/03/2021
  • Staking APY: 120%
  • Staking Cap: 6,000,000 NMT
  • Rewards Type: WETH

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NovaDeFi
NovaDeFi

Written by NovaDeFi

Interconnecting industrial mining capabilities with next generation decentralized finance solutions.

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