UU — — A Brand-New Stablecoin
Stable&Profitable
Creating&Burning
Minted only by Staking
What is UU ？
UU is from Yielding United USD, since the pronunciation of ‘Yiellding’ is almost the same as ‘U’, then we cooked up UU.
We believed that there would be loads of variabilities in stable currency.
- 100% staking minted
- It can be used as basic currency for circulation, payment, storage and appreciation
- Profitable and mining-able
- Safe and transparent
How to get UU?
By depositing LPT of Curve.Fi or S.Finance at https://uu.finance/mint.
To get LPT, you need to deposit stablecoins in the corresponding liquidity pool of Curve.fi or S.Finance. (there are direct links to the related pools when you want to deposit LPT to get UU)
If you want to get back your stablecoin, you need to redeem them on Curve.fi or S.Finance.
How do get profit by UU.finance?
Firstly, the easiest way is to get UU by staking LPT of Curve.fi or S.Finance
Secondly, there are 2 rewards for UU holders:
a. Auto-earning interest. The amount of UU in your account will increase automatically
b. Mining reward. uu.finance will not sell the mining reward automatically, uu holders need to claim/collect this part of reward by themselves.
(In some cases, our pending rewards are less than our actual mining rewards. This is because the pending rewards are not updated in real time. It requires a settle agent to settle them before rewards can be claimed.)
Thirdly, to be settlement agent and participate in the settlement of mining income and get 1% pending reward for each settlement. If the UU price is not updated for more than half an hour, settlement agent could get an additional 1% reward for each settlement.
Fourthly, help other users collect mining reward. If other users fails to collect mining rewards for more than 7 days, the agent can get 10% mining rewards of his mining reward. (everyone could be settlement agent)
Are there any slippage for minting and destroying UU?
Not at all. The smart contract of UU leverages the time-weighted average price of LPT when calculating the conversion quantity of UU and LPT, which can effectively prevent the flash attack.
Audit report of UU
Audit by armors, and the report will coming sonn. Audit contract: https://cn.etherscan.com/address/0xc1b3bc93bf49439c87ea7b7cfb0b42f8a08dad3b#code
What’s the next for UU?
UU focuses on stablecoins:
- UU will support more vatieties of LPT on stablecoin platforms: curve.fi, s.finance and swerve.fi
- Support LPT cross-pool and cross-platform conversions
- Support direct mint of UU by stablecoin and interest-bearing token
- Circulation enablement continuously and increases UU usage scenarios
