Unifi Protocol: One Month Recap
The benefits to the Sesameseed community from Unifi Protocol have exceeded expectations.
It’s been one month since the Unifi Protocol was introduced, and a lot of progress has occurred since then. As developers of the protocol, Sesameseed has been proud to witness the many accomplishments of the Unifi team. Some of those accomplishments positively impact Sesameseed and its mission for incentivizing community participation in blockchain governance. The unique design of the Protocol carries with it many potential benefits to SEED holders, as outlined in a previous article. It is Sesameseed’s great pleasure to take this opportunity to talk about how Unifi’s efforts have already exceeded expectations in supporting the Sesameseed community.
The Unifi Protocol, from the outset, attracted lots of attention from outside investors who were drawn to the innovative tokenomics and cross-chain interoperability. This interoperability is driven by the same technology that powers SEED swap, which the Sesameseed community has been using for some time now. Utilizing SEED in this way has launched the token onto the worldwide stage. Sesameseed’s CEO Juliun Brabon has participated in 4 Chinese language AMA’s, including one with a Singapore based exchange. In each AMA, the moderators asked about SEED and provided an opportunity to talk about Sesameseed, staking, community governance, and SEED.
With the marketing support and funding secured by these strategic partnerships, Sesameseed has been able to hire 3 full-time employees, including more developers. The benefit of these additional resources to the Sesameseed community cannot be overstated. Additional development needed by Unifi will enhance the versatility of the underlying technology at the core of SEED functionality, such as swap and redeem, while providing resources to develop other tools and fuel Sesameseed’s expansion.
The expansion phase of the SEED rewards economy is expected to progress with a shortened timeline. Unifi will directly contribute to this accelerated growth through the increased exposure to DeFi communities and enabling Sesameseed to operate more effectively.
In the one week since the launch of uTrade on TRON, many liquidity providers of SEED earned a lucrative APY. While this number can flux from moment to moment, some community members reported they had seen 585% APY (at time of writing). This is in addition to the increased exposure of Sesameseed from the broader TRON community, DeFi space, and even other blockchain communities. As Unifi launches on more blockchains, the Sesameseed community will continue to share in the spotlight.
It truly is an exciting time to be a part of the growing Sesameseed community.