SingularityDAO has partnered with UniFarm to enable digital asset investors to play a part in the DeFi ecosystem. Cohort 15 from UniFarm, which goes active from today on the Ethereum platform, will now include SDAI as well. Four tokens in the Cohort 15 stable-SDAO, NUX, GAINS, and UFARM-can be farmed by users for 90 days starting today.
With this, SDAO has increased its reach in the DeFi ecosystem giving users an innovative approach to earn DeFi tokens at the same time amalgamating UniFarm’s extended user base into the SDAO community, making more connections for SDAO with many more markets thus giving more value and liquidity to the token. The 90-day period is not a mandatory lock-in period but can be considered an observation time where you can take out your token anytime and the yield or profit that you have farmed or created. However, you stand to reap greater profits or yield if you leave your stake for a longer time.
The rapid growth of SDAO since its inception has been very encouraging for its team members. It has helped instill high standards of governance across the different groups and the other stakeholders around the four tokens in the cohort. Active secondary SDAO markets will be encouraged by the distribution of SDAO to these communities, which will help perk up the financial health of the token economy.
UniFarm is a one-of-its-kind DeFi firm that provides profit ploughing initiatives with the help of several tokens grouped together as a cohort. If a user earns profits from one token in a cohort, that equals the yield from all the tokens in the cohorts. The SDAO tokens govern SingularityDAO as a decentralized platform, which in turn controls the DynaSets. DynaSets are groups of cryptocurrency assets passionately managed by AI and collected by the protocol.