UNIFI Super Pairs
Exclusive access to better rewards for UNIFI? Yes please!
Key Points:
(updated: March 18, 2022)
- UNIFI token holders will get exclusive access to UNIFI Super Pairs.
- UNIFI Super Pairs farm UP liquidity provider rewards from the volume of the Super Pair, and a bonus percentage of all UP minted by trading fees from all pools on that blockchain.
- UNIFI will exist on all uTrade blockchains in the future
- Until UNIFI is on a uTrade V2 blockchain, the Super Pair Rewards will be collected and stored
- Unifi Protocol will have a bridge to allow UNIFI tokens to move to uTrade V2 blockchains
- Once there is UNIFI on a chain there will be an event to open the Super Pair Rewards that have been stored since the launch of uTrade V2 on that chain
UNIFI — One Token to Rule Them All
From the outset, Unifi has shown UNIFI is the powerhouse token of the entire Unifi ecosystem. As a multi-chain governance token bestowing holders a say in global cross-chain Unifi Protocol policy decisions, in addition to earning extremely competitive staking rewards, UNIFI has been heralded as “the one token to rule them all.”
Unifi has already delivered on this promise by hosting several Core Referendums requesting guidance from UNIFI holders, and effecting policy decisions across multiple blockchains in response to feedback made possible only through UNIFI community voting.
That was just the beginning.
UNIFI — The Star of the Unifi Token Economy
We are incredibly excited to reveal yet another feature of UNIFI which positions the token at the center of the multi-chain Unifi Protocol ecosystem. This feature will be making its debut with the highly anticipated launch of uTrade V2 tentatively scheduled for next week.
Before diving in, it’s worth sharing some other interesting news about UNIFI.
UNIFI — Available on Every Unifi Blockchain
As of this writing, UNIFI is available only on Ethereum and Binance Smart Chain.
In the future, UNIFI will exist on each chain that supports uTrade. This means that no matter which blockchain you use uTrade on, there will be a UNIFI Super Pair available.
This is where the fun starts.
UNIFI — Super Pair Rewards
On each blockchain, there will be a UNIFI Super Pair. UNIFI Super Pairs earn UP liquidity provider rewards from the volume of the Super Pair, and a bonus percentage of all UP minted by trading fees from all pools on that blockchain (Super Pair Rewards).
UNIFI holders have the exclusive ability to earn a share of all UP minted from trading fees on an entire blockchain.
This is so game-changing, it’s worth repeating again.
uTrade users (on any blockchain) who provide liquidity to the UNIFI Super Pair will earn a BONUS percentage of all UP minted on that blockchain from trading fees.
It is not difficult to imagine the scenario where it makes sense for those enhanced UP liquidity rewards to be redeemed, used to gain more UNIFI (which increases LP rewards even more) and then deposited as more liquidity to compound rewards. Thanks to Unifi’s sustainable token model, with UP 100% backed by the fees earned, this positive feedback loop can endure indefinitely — benefiting UNIFI token holders on all uTrade v2 blockchains.
This cycle must be done manually by uTrade users in order to compound rewards. However as Super Pairs gain momentum and demonstrate the available rewards, it is anticipated this will be just one of the many ways outside developers can offer solutions built on Unifi.
UNIFI Super Pair Rewards Only Available on uTrade V2
As outlined in this article, uTrade V2 will be rolling out in phases and on selected blockchains. The UNIFI Super Pair will only be available to UNIFI liquidity providers on uTrade V2.
What Happens on Blockchains where UNIFI is not available yet?
It is entirely possible that uTrade V2 will be launched on a blockchain where UNIFI is not yet available.
In this scenario, the UP from Super Pair Rewards that accumulates from all trading fees on that blockchain will be stored until UNIFI is available on that chain. The best source of updated information on UNIFI, Unifi Protocol, and uTrade V2 blockchains is our website unifiprotocol.com. Unifi will host future events to move UNIFI to other uTrade blockchains which will allow UNIFI holders to claim the Super Pair Rewards.
Unifi Protocol and uTrade can be found at https://www.unifiprotocol.com.
Connect with the Unifi community on Telegram, Twitter, Reddit or Medium.
Stake UNIFI, earn rewards, and be part of the Global Unifi Protocol DAO governance. https://gov.unifiprotocol.com/my-dashboard.
For additional information on forming partnerships, developing on the Unifi Protocol, or using Unifi Protocol to support your project’s goals, email us! contact@unifiprotocol.com
Communications from Unifi are subject to Unifi’s standard terms and conditions, which can be found here.
