Unifi and IoTeX Form Partnership for Cross-Chain DeFi Expansion

Unifi Protocol receives a development grant from the IoTeX Foundation

Unifi is excited to announce a partnership with IoTeX blockchain! IoTeX has provided the Unifi Protocol with a development grant to ensure IoTeX users will have access to a secure, reliable, and on-chain DeFi solution.

We are ecstatic to welcome Unifi & Sesameseed to the IoTeX Network. This partnership unlocks exciting cross-chain opportunities for IoTeX users, leveraging Unifi’s innovative multi-chain DeFi protocol. We greatly respect Unifi’s community-first focus and look forward to merging our communities for the better. — Raullen Chai, IoTeX Cofounder

The Unifi Protocol is a group of interoperable, non-custodial smart contracts providing the building blocks for the next generation of DeFi products. uTrade, the AMM trading platform built on the Protocol, is currently live on 6 different blockchains, including Ethereum, Binance Smart Chain, ICON, Ontology, Harmony, and Tron. Unifi will connect the IoTeX token economy to the DeFi markets on all these blockchains and more in the future.

“IoTeX is an ideal blockchain to showcase Unifi’s core functionality. Unifi will bring on-chain transactions, token creation, and a core DeFi infrastructure to IoTeX that can be built upon by future developers. We are proud to include IoTeX in the growing multi-chain Unifi DeFi ecosystem.” — Juliun Brabon, CEO of Unifi

Unifi and IoTeX Make Great Partners

IoTeX combines blockchain, secure hardware, and decentralized identity (DID) innovations to empower the Internet of Trusted Things and enable end-to-end trust in private smart devices.

The commitment to decentralization and support for on-chain development makes IoTeX a great partner for the Unifi Protocol. The development grant is an acknowledgement of Unifi’s value to the IoTeX ecosystem, and will allow Unifi Protocol to integrate IoTeX as one of the next supported blockchains.

Please join the Unifi social media channels for further updates on this exciting partnership!

Unifi Protocol’s website can be found at https://www.unifiprotocol.com/. You can also connect to the Unifi community on Telegram, Twitter, Reddit or Medium.

Developers — check out our bounty list to develop on the Unifi Protocol at https://gitcoin.co/issue/sesame-seed/Quest/1/100023698

All communications from Unifi are subject to Unifi’s standard terms and conditions, which can be found here.