Unido launches an MLP together with Bridge Mutual on POP!
Dear Unido Community,
Today we are excited to share that we are launching our very own Mutual Liquidity Pool (MLP), together with Bridge Mutual on the POP! Platform!
In order to showcase the continued sincerity and commitment behind our partnership with Bridge Mutual, we’ve agreed to take the initiative of creating an MLP on POP! For those who are unaware, POP! provides projects with a unique approach to objectively display their devotion to their partnerships, while providing benefits for the partners’ communities. Given this, we believe that this is a step in the right direction in order to solidify an already strong partnership, while simultaneously providing our communities with a unique opportunity to reap the rewards of our partnership!
For the creation of our MLP, we have locked $100k of liquidity in each partner token, through POP!’s smart contracts (which have been audited by CertiK). In other words, we have created a $200k UDO/BMI Liquidity Pool on Uniswap(V2), which will be reflected on POP!’s platform for user participation. Our users will be able to participate in this MLP with their UDO & BMI tokens, either through single-sided liquidity offers, or through standard liquidity mining. Furthemore, we agreed to run the MLP for a duration of 90 days, starting from the 17th of May 2021 at approximately 17:00 UTC, and concluding on the 15th of August 2021 at approximately 17:00 UTC.
So how does this work?
Once the MLP is live and active on the POP! platform, UDO and BMI holders will have the opportunity to provide their tokens as single-sided liquidity onto the marketplace, and thereby enter the MLP as partnered farmers! By participating in this MLP as a farmer, you will receive rewards in 3 tokens, namely POP!, UDO and BMI. In addition, should you experience Impermanent Loss (IL), a portion will be mitigated through POP!’s unique Rebalancing Mechanism. If you’d like to get a better understanding of the intricacies behind POP!, please have a look at their detailed Gitbook here.
For more information on the specifics regarding the MLP, please check out POP!’s announcement about our MLP, which you can find here.
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favourite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.
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.