Unifi Protocol DAO (UNFI)

What is Unifi Protocol DAO (UNFI)?

Unifi Protocol DAO is a group of non-custodial, interoperable, decentralized, multi-chain smart contracts providing the building blocks for DeFi development. The project provides a bridge to connect the economy of Ethereum-based DeFi products to the growing DeFi markets on other blockchains.uTrade, a decentralized Automated Market Maker (AMM) and token exchange, is the first product built on the Unifi Protocol DAO smart contracts. uTrade is made up of a group of smart contracts called a uPair. Multiple token trades can be executed within one uPair, allowing a user to trade or fund liquidity in uPairs with an unlimited combination of tokens.The UP token is minted as a representation of the revenue generated by the Unifi Protocol DAO ecosystem. The tokenomics of UP tokens may differ from one blockchain to another to customize the rewards provided and ensure a sustainable marketplace. The UP token has no max token supply, and can be swapped to UNFI based on dynamic market price rates.UNFI token holders can earn UNFI rewards by staking and delegating to Community Council Representatives. Representatives and their communities across multiple blockchains forms the Unifi Global Governance Model powered by UNFI.

The Fast and Secure Protocol Bridging the DeFi Economy

Unifi Protocol is a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development. Unifi provides a bridge to connect the existing economy of Ethereum-based DeFi products to growing DeFi markets on other blockchains. Unifi utilizes the time tested SEED Bridge to connect any Ethereum or EVM/NVM-based DeFi products to other blockchains.

The Unlimited Potential Token (UP) is at the core of Unifi’s DeFi system. UP minting occurs in direct proportion to the fees and other revenue generated by the entire Unifi Protocol. This includes designated fees or revenue from all Unifi-developed platforms, as well as from any projects developed by others which utilize Unifi Protocol. The minting process is designed to ensure the redemption value of all UP tokens must go UP every time a new UP token is minted. UP token creates a very unique and lucrative rewards structure for all holders, protocol users, and liquidity providers.

Unifi Protocol is designed around a decentralized autonomous organization (DAO) governed via a decentralized governance token.

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