Unifi Protocol (UNIFI) is launching on Polygon!
The multi-chain DeFi ecosystem will enrich the Polygon network and provide added utility to MATIC
Unifi Protocol is coming to Polygon! Unifi Protocol is a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development. uTrade V2, the upgraded version of our AMM trading platform, is already live on multiple other blockchains. Unifi will link Polygon and those multiple blockchains together into one large DeFi marketplace, governed by the community through the UNIFI token.
Integrating with Polygon will enable reduced gas fees, faster transactions, and a seamless experience for Unifi users. Unifi will also benefit from the thriving ecosystem being built on Polygon, making Polygon a perfect environment for attracting developers to build using Unifi Protocol smart contracts. uTrade’s unique fee structure makes it a more rewarding place to launch new tokens. Continue reading to see how Unifi Protocol benefits all MATIC holders, even beyond the DeFi community.
uTrade’s unique fee structure makes it a more rewarding place to launch new tokens on Polygon.
There are a range of other products and services available on the Unifi Protocol. In addition to the uTrade trading platform, Unifi was the first DeFi protocol to incorporate PoS node rewards with the introduction of uStake.
What to Expect for the uTrade V2 Launch
Unifi has already launched on seven other blockchains at this time. Testing for uTrade V2 on Polygon is currently underway and is expected to launch in the coming weeks.
At launch, uTrade on Polygon will be compatible with Metamask. The base token in which all trading fees will be collected is MATIC.
The upgraded smart contracts for uTrade V2 showcase many new features. These include:
- Single side liquidity addition
- User added listings
- Token routing
- Developer-friendly, customizable smart contracts for launching new tokens and projects
All of these features and more are discussed in depth in our uTrade V2 Features article.
The UNIFI Global Governance Token will guide Unifi’s growth on Polygon
The entire multi-chain and multi-platform Unifi ecosystem is governed by the UNIFI token. The UNIFI token also gains token holders special access to features and rewards only available to UNIFI holders.
1. For all Unifi services such as trading, lending, or blockchain node staking, UNIFI It has been referred to as the “One token to rule them all”. UNIFI holders can create and vote on community referendums as well as respond to UNIFI core referendums on Protocol development. UNIFI holders govern the Protocol and is how Unifi recognizes and listens to its community.
2 UNIFI Super Pairs are established on each uTrade V2 blockchain and are only accessible to UNIFI holders. This also means the UNIFI token will be bridged to each Unifi blockchain at future events hosted by Unifi. UNIFI Super Pairs farm liquidity rewards from the volume of the Super Pair, and a bonus percentage of fees collected from other pairs on that blockchain. Super Pairs can also receive bonus rewards from other Unifi actions or other revenue generated on that blockchain.
3. Staking UNIFI tokens provides access to some of the best staking rewards anywhere. As of this writing, staking UNIFI has historically yielded as high as 36% APR. UNIFI staking also has the unique feature of a rising APR as more UNIFI are staked.
Unifi Protocol benefits all MATIC holders
- Tokenized Liquidity Rewards — 100% Backed and Immediately Redeemable
Unifi’s tokenized liquidity rewards model greatly benefits all holders of MATIC since the liquidity reward token is 100% backed by an ever-increasing amount of MATIC tokens from trading fees on the platform. This essentially locks up more and more MATIC in smart contracts, removes them off centralized exchanges, and takes them out of circulating supply. This is very different from other platforms which do not provide this benefit to MATIC holders.
- Fee Structure — 0% for the team, 100% for the liquidity providers
uTrade V2 has the unique characteristic of taking a 0% cut for the team. Meaning, Unifi is entirely community-focused and the entirety of trading fees goes to liquidity providers. This results in very competitive rewards for liquidity providers on Polygon, which encourages growth and increased usage on the network. By making use of Unifi Protocol’s customizable and developer-friendly smart contracts, the growing list of projects and tokens on Polygon can integrate seamlessly with a flourishing DeFi marketplace
More Information
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting. Polygon’s scaling solutions have seen widespread adoption with 350+ Dapps, ~128M txns, and ~1M+ unique users.
Polygon’s ease of use makes Unifi on Polygon an easy expansion opportunity for all Ethereum or EVM compatible aggregators and developers.
About Unifi Protocol
Unifi Protocol is a group of non-custodial, interoperable smart contracts providing the building blocks for the next generation of DeFi development. uTrade is the AMM trading platform utilizing the Unifi Protocol for harnessing multi-chain swaps and liquidity farming to power UNIFI, Unifi’s Global Governance Token.
Unifi Protocol and uTrade can be found at https://www.unifiprotocol.com.
Connect with the Unifi community on Telegram, Twitter, Reddit or Medium.
Stake UNIFI, earn rewards, and be part of the Global Unifi Protocol DAO governance. https://gov.unifiprotocol.com/my-dashboard.
For additional information on forming partnerships, developing on the Unifi Protocol, or using Unifi Protocol to support your project’s goals, email us! contact@unifiprotocol.com
Communications from Unifi are subject to Unifi’s standard terms and conditions, which can be found here.
