We believe that the future of finance is decentralized and Unido’s mission is to help drive the revolution by bridging the gap between TradFi and DeFi. We are seeing an ever-increasing flood of financial institutions entering the crypto domain — both service providers, such as Paypal and Square, providing FIAT on-ramps, making it easier to purchase crypto; as well as end-user institutions, such as Tesla, MicroStrategy and JP Morgan, adding crypto assets to their corporate treasuries or introducing instruments to offer exposure to clients.
We are very excited about these macro developments due to the surge in demand for enterprise products and services, which Unido is perfectly positioned to satisfy. Through our product suite, we can provide a unique value proposition to TradFi companies looking for an end-to-end platform to manage and invest their digital assets.
At the heart of the Unido product suite is the $UDO token which will need to be purchased by clients to pay for the Access Licences and Consumption Fees to enjoy the full benefits of the Unido platform (you can find out more about the token utility in our whitepaper).
To support the sustainable growth of the Unido ecosystem, it’s important we establish a healthy trading environment to enable clients, partners and users of Unido to accumulate the $UDO token more efficiently.
In line with this, we are pleased to announce that we will soon be launching the Unido Liquidity Mining Program!
This article will introduce you to the concept, the purpose of the program and how you can earn additional rewards by staking $UDO.
So what is liquidity mining?
Put simply, liquidity mining is a network participation strategy in which a participant provides additional capital to the market in return for liquidity provisioning fees. By boosting liquidity, liquidity mining ensures that digital assets can be traded at a stable price with less slippage. This addresses the lack of liquidity challenge — a key problem in crypto markets that has historically been a prime contributor to price volatility, leading to inefficiency in both accumulating and trading of tokens.
Moreover, liquidity mining is an effective way to support the wider distribution of the UDO token to the community, allowing the general public to participate in the market making and being rewarded for liquidity provisioning.
Unido Liquidity Mining Program
The Unido Liquidity Mining program will provide a custom interface where UDO token holders will be able to provide liquidity through Uniswap, either into the UDO/ETH or UDO/USDC pools, in return for an LP token that, when staked, will provide additional UDO token rewards, claimable via the portal’s user interface.
The purpose of the Unido Liquidity Mining program is to create a healthy environment where the UDO token can be accumulated and traded efficiently. The program is designed to provide:
- An attractive APY for early Unido adopters who choose to become liquidity providers by staking their UDO tokens in either the UDO/ETH or UDO/USDC pools.
- A fair and intelligent mechanism through which we promote the decentralization of the Unido ecosystem by incentivizing more community members to become UDO token holders and earn a passive income through liquidity provisioning.
- Increased liquidity for the UDO token that will reduce the volatility, particularly when Unido clients accumulate tokens in bulk to pay for Platform Access and Consumption Fees needed to access the enterprise platform.
We will be releasing the details of the liquidity mining program and a tutorial on how to take part closer to launch the date, so stay tuned!
Unido is an enterprise platform for decentralized capital markets. It enables institutions & corporate clients to securely store, manage and invest their crypto assets into decentralized finance networks. Unido is underpinned by proprietary key signing technology that provides enterprise-grade security for any transaction which utilizes it.
Founded in 2017 and with a market-ready product, Unido is led by an experienced team of ex-Goldman Sachs, ex-Macquarie and ex-Wipro with decades of experience in enterprise software development, financial services and agency blockchain development.