Introducing a Stablecoin uPair on uTrade

An important milestone on the path towards cross-chain swaps

Trading pairs on uTrade may need to go through a sequence of several trades in order to swap from one token to the other. (It’s why we called them uPairs — the number of trades is unlimited!)

This type of multi-sequence trading is a prerequisite for cross-chain swaps. In preparation for that approaching milestone, Unifi is excited to announce the upcoming listing of its first stablecoin uPair on Ethereum and Binance Smart Chain, with USDC/USDT. The trading fee will be collected in USDC. A portion will be converted into the base token for that blockchain and used to mint UP. Each time more UP is minted, UP’s redeem value in base token increases!

This provides an opportunity to mine UP while providing liquidity using only stablecoins.

Traders and liquidity providers are encouraged to watch out for the launch of this exciting new uPair and go mine that UP!

Unifi Protocol’s website can be found at https://www.unifiprotocol.com/. You can also connect to the Unifi community on Telegram, Twitter, or Reddit. Developers — check out our bounty list to develop on the Unifi Protocol at https://gitcoin.co/issue/sesame-seed/Quest/1/100023698