Since 2018, the Unifi Protocol has been establishing the groundwork for a fully sustainable blockchain economy. Here's why the UNFI protocol DAO jumped over 1000%?
The Unifi Protocol DAO is preparing to deploy a major upgrade to their DeFi (decentralized finance) ecosystem. Unifi's blockchain solutions were initially released in 2020, and since then, they have grown to include more services including trading (uTrade), staking (uStake), and, most recently, a cross-chain bridging solution (uBridge). Unifi said in its infrastructure enhancement proposal that much of the value locked in the Unifi Protocol ecosystem is now underused, with around $11.5 million locked in.
Major improvements to Unifi Protocol's rewards token, $UP, will be implemented as part of the upgrade. Since its inception in 2018, this over-collateralized algorithmic token has been completely backed by a growing reserve of cryptocurrency coins on each blockchain it has operated on. The new and improved UP will ...