UniFi protocol is developed by the
multi-chain staking community, which is knows as Sesameseed. As of now,
Sesameseed is operating nodes on Tron blockchain, Ontology blockchain, Harmony
blockchain and planing to operate nodes on other blockchains as well in
future. Under this protocol, we have many non-custodial, interoperable,
decentralized, and multi-chain smart contracts which provides building blocks
for DeFi development.
UP Token
UP token is the core of this entire platform. It has no maximum supply or
not even created, but minted and distributed in direct proportion to the
fees and other revenue generated by the entire UniFi protocol.
uTrade
uTrade is basically a decentrailized trading platform which allows you to
exchange one token for another, and utilizing liquidity provided by
liquidity providers by rewarding them in form of incentives.
uLend
uLend is a lending platform, where lenders will have the opportunities to
offer higher risk lower collateral loans, and open the world of person to
person lending. Where, a borrower can anonymously create a loan and payment
record, on-chain, which could be used as a form of credit rating.
To know more about Unifi Protocol,
please watch this video in which i have covered this project in more
details, even it inculdes a demo of uTrade, Liquidity Pools and Up Token.
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