Introduction to Unisave
WTF is Unisave?
TL;DR: Unisave = Uniswap x YFI
Swap | Info | Mining | Github | Annoucement(Chinese Version)
Unisave is a Uniswap compatible decentralized exchange protocol which introduced a few experimental features.
Key Features of Unisave
- Auto Mining 🔨
- No Protocol Fee 🎫
- Self-adjusting Market Maker Algorithm 📈
Auto Mining 🔨
The biggest pain point of Uniswap is the extremely low asset utilization. These days people can invest their underlying asset into many DeFi aggregator system such as YFI, DFI and Harvest to get a considerable passive income. This income is more and more competitive compared to trading fees in Uniswap, and there is no fear of impermanent loss.
To address this problem, we introduce a mining system in Unisave. Each Unisave-pair can been seen as an aggregator and invest into a strategy which have no funds management fees sucn as Fortube, DFI, etcs. (or YFI if YIP-51 gets passed.)
No protocol fee 🎫
Unisave designed as a public good, since the community can be driven by mining revenues, there is no need to add a protocol fees any more. Allowing us to be the 1st DEX with no protocol fees.
Self-adjusting Market Maker Algorithm 📈
To improve the trading experience and reduce transaction slippage, we introduce a new technique called dummy liquidity —— the liquidity which doesn’t backup by real assets, but will be used in every swap function.
Dummy liquidity can be set by multi-signature time lock contracts mannually, by doing so LP token will be leveraged and bounded into a limited trading window.
Dummy liquidity can also be dynamic adjust by a well-designed observer contract, by doing so, Unisave will turn the undelying AMM algorithm from Constant Product Market Maker Algorithm into Self-adjusting Market Maker Algorithm. Unisave could be seen as a Morphlin, simulating the bouding curve into other kinds of AMMs such as Balancer, Curve, DODO and Bancor V2, etcs.
49 days Fair Launch
In tribute to Bitcoin and Yearn, there will be 21,000 Y3D token in total. 1,000 of them will be used as a community vault to incentivize communities and partners, 10,000 of them will be distribute in our 49 days initial liquidity offer, the remain 10,000 will be distribute in future by snapshot voting.
Start time: 11.15 13:00 UTC, where Y3D/BUSD will start mining at 11.17 13:00 UTC. The pools were distributed as follows based on our community discussions:
- BNB/ETH 500
- BNB/BUSD 500
- BNB/USDT 500
- ETH/BUSD 500
- ETH/USDT 500
- BUSD/USDT 2500 x5
- Y3D/BUSD 5000 x10
P3D System
Be aware, to encourage long-term supporter, the last 2pools will have 5% P3D ratio. 5% P3D ratio means 5% of your LP token will be divided into the pool when you leave. You can earn extra profit if you can stay as long as half of other miner. Normal users are encouraged to join other pools if you do not wish to stay for a longer time and participate this gamefication mechanisms.
Referral System
Last but not least, you could redeem NFT with your referral score in near future. Whenever your friend harvest y3d, you will get same amount score in the same block.
