United DAO — a next generation protocol, based on a native token - UTD. It aims to become a truly decentralized currency, backed by revenue-generating digital and growth assets, run on the blockchain and led by leading industry experts.
About the United Dao project
United DAO's vision - to create a DAO-led decentralized protocol, available to all as a store of value. United DAO aims to usher in a new era of DeFi 3.0 by establishing true trust, robust on-chain governance and proactive risk management for stakeholders. The team is also looking to reduce price volatility by implementing new innovative tokenomics in the native token model that will connect long-term investors with the coin defi project and a token burn mechanism to reduce the overall supply.
The core protocol of the United DAO establishes two main strategies for market participants - staking and binding:
| 1 | Stakers stake their UTD tokens in exchange for more UTD tokens. |
| 2 | Obligators provide LP or USDC in exchange for discounted UTD tokens after a fixed vesting period. |
| 3 | The platform has also implemented additional features that ensure that their member's security and privacy are well protected. |
The basic protocol is underpinned by three unique offerings - the United Allies Program, the Rewards Program and Treasury Management. United DAO was founded by an experienced diversified team with broad experience in blockchain, economics, finance and more. This provides a solid foundation on which to build the protocol, while maintaining the ultimate vision of a protocol.
Thus, profits for stakers will come from their auto-adding balances, although price risk remains an important factor. That is, if the increase in the balance of tokens outpaces the potential drop in price (due to inflation), the stakers will profit. Bonders contribute upfront capital and are promised a fixed income at a set point in time. This income is in UTD and the bondholder's return will depend on the UTD price at maturity of the bond. Bonds benefit from a rising or static UTD price.
More about defi app
The Rewards & Utility Program is introducing an exclusive "mUTD" (mini-UTD) token that aims to provide added value to token holders. It will be used in the protocol's own reward store to redeem rewards such as NFTs and more. mUTD can be earned through "collateral" or "burn" mechanisms.