We are pleased to be able to provide you with some screenshots of uTrade related. uTrade is a decentralized liquidity trading platform built using Unifi protocol.
UniFi protocol is a multi-chain smart contract with non-custodial, interoperability, and decentralized characteristics that can be utilized in the development of next-generation DeFi services.
Currently uTrade is available on the Trontestnet and will be launched soon on the mainnet . Also, it will be launched in Ontology , Harmony , and Ethereum 🚀
uTrade is a trading platform built using the Unifi protocol, exchanges between tokens are possible through token liquidity provided by liquidity providers, and incentives are provided to liquidity providers. A portion of the revenue generated from the entire UniFi protocol, as well as commission revenue from the trading pairs provided by the liquidity provider, is shared with uTrade liquidity providers. Liquidity providers can continue to benefit from commission revenue sharing if they hold UP tokens even if they stop supplying liquidity .
uTrade users will receive part of the transaction fee in the form of SEED tokens, and can enjoy all the benefits provided to SEED holders , including daily compounding effects . uTrade is the only platform that provides tokens with a reward structure that is automatically staked on multi- blockchains and increases overtime as transaction rewards.
Unifi will create an environment where all users of the platform can experience better profits by providing appropriate incentives to traders and liquidity providers.
Traders can exchange tokens and earn SEED tokens with fee rebates.
You can easily join and withdraw from the liquidity pool and claim UP tokens.
When liquidity is supplied, uL tokens related to the supplied tokens are issued. (Example: uSEED)
When liquidity is released, it can be exchanged for the value of the liquidity provided, and UP tokens that have occurred during that time can also be exchanged.
Liquidity can be redeemed in whole or in part at any time.
You can easily claim the UP token revenue generated by uPair.
The exchange value of UP tokens is calculated as a base token (called a base token and TRX, ONT, ONE are representative examples).
For the latest news from uTrade, please refer to the Telegram announcement and social media channels.
The original text of this article is
https://medium.com/unifiprotocol/a-first-look-at-utrade-powered-by-the-unifi-protocol-a10d745d795a .
