UniMex — a Uniswap-based lending platform that facilitates the margin trading of Uniswap's own assets.
Contents:
Description of the UniMex project
UniMex — an innovative margin trading platform. This means that short / long positions are executed directly on Uniswap and not through a standalone approach such as a 0x relay.
Most of the commissions will be distributed to lenders to reward them for providing liquidity to the protocol and some commissions will be shared among UMX members and partner projects. UniMex charges a 0.8% levy on loans.
Protocol control is subject to voting. There are two ways to vote. Either by burning the YIELDX token or by placing the UMX in a specific management contract. Most of the commissions will be distributed to lenders to reward them for providing liquidity to the protocol, and some commissions will be shared among UMX members and partner projects.
Tokenomics of the project:
| 1. | 10 000 000 — the total number of tokens. |
| 2. | 20% — initial listing of Uniswap 0,000675 eth per token. |
| 3. | 50 % — initial offer + initial token offer 0.0005 eth per token + 0.00065 eth per token. |
YIELDX — the central token of the yieldxfarming.io decentralized application, a sister platform, based on incentives and rewards for providing liquidity to Uniswap pairs. Uniswap liquidity pairs, listed on yieldxfarming.io, including UMX, will receive the highest multiples on the platform to further stimulate liquidity pool provision and to draw attention and volume to UniMex.
Additional information
The site has a WhitePaper document. With its help, you can learn more about the features of the project. Also, some information is presented on the main page of the platform. Check out the roadmap for upcoming updates.
From social networks, the community leads:
- twitter;
- telegram;
- discord.
Subscribe to chat with the community and follow the news. Smart contract audit is not provided.