It is a group of non-storage, interoperable, decentralized and multi-chain smart contracts that provide the building blocks for the next generation of DeFi development. The project provides a bridge to connect the existing Ethereum-based DeFi product economy to the growing DeFi markets on other blockchains. Unifi uses the time-tested SEED Bridge to connect any Ethereum or EVM / NVM based DeFi products to other blockchains .
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Description of the Unifi Protocol project
Unlimited Potential Token (UP) is at the heart of the Defi Unifi's system. UP mining occurs in direct proportion to fees and other income, generated by the entire Unifi protocol. This includes certain fees or revenues from all platforms, developed by Unifi, as well as from any projects, developed by other companies. The minting process helps to ensure that the redemption value of all UP tokens must increase each time the platform mints a new UP token.
The platform runs around a Decentralized Autonomous Organization (DAO), governed by a decentralized governance token. The Unifi Protocol connects the multi-chain DeFi world through the SEED Bridge.
Why should you trust this project:
| 1 | The Unifi protocol includes a stimulated liquidity pool, a fee allocation management token, a loyalty reward token, a lending platform and inter-chain swap interactions. |
| 2 | Unifi was developed by Sesameseed, a multi-chain staking community that aims to bring their innovative technological solutions to all blockchains they represent. |
| 3 | The Unifi protocol adds value to every blockchain it is deployed on by allowing developers to create a range of products and services around the building blocks of the protocol, based on the smart contracts. |
Every blockchain, running the Unifi protocol, will have an assigned base token, where fees and revenues are collected. For example, it will be ONG on Ontology, ONE on Harmony and TRX on Tron.
Additional information
The site contains the WhitePaper document. With its help, you can familiarize yourself with the project in more detail. Also, there is a help center where you can always ask your question.
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