Unisave — a decentralized exchange, compatible with Uniswap, that introduced several new features such as automatic mining, no protocol fees and a self-adapting market maker algorithm.
Contents:
Description of the Unisave project
People can invest their underlying asset in many DeFi aggregator systems like YFI, DFI and Harvest to generate passive income. This income is becoming more competitive, compared to trading fees at Uniswap, and there is no fear of a short-term loss. To solve this problem, the developers are introducing a mining system to Unisave. Each pair of the project can be considered as an aggregator and invest in a strategy without a fee for managing funds.
Unisave uses a completely new persistent market maker algorithm that divides liquidity into three parts. Fictitious liquidity is the piece of liquidity that is not actually in the liquidity pool that comes from the oracle contract to achieve low slippage. In fact, this is the opposite way of Bancor v2 or dodo swap. Trading liquidity is part of using liquidity for daily trading. Mining liquidity is part of the liquidity investment in an automated mining program.
The main characteristics of Unisave:
| 1. | Automatic mining. |
| 2. | No commission. |
| 3. | Self-adapting market maker algorithm. |
To improve the trading experience and reduce trades slippage, a new technique, called fictitious liquidity, is introduced. This is liquidity that is not backed up by real assets, but will be used in every swap function.
Additional information
There is no WhitePaper and RoadMap document on the site. Instead, a blog is available on the Medium platform. Articles and news will be there.
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