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UNFI——A Multi-chain, Smart-contract based Defi Solucion
**Website Explorer Whitepaper**
1. Unifi Protocol DAO is a group of non-custodial, interoperable multi-chain smart contracts that aims to provide the tools for Decentralized Finance (DeFi) product development.
2. uTrade, a decentralized Automated Market Maker (AMM) and token exchange, is the first product built on Unifi Protocol DAO smart contracts.
3. UNFI is the native governance token of Unifi Protocol DAO. Users can stake and delegate UNFI to Community Council Representatives and earn UNFI as rewards. Community Council Representatives make governance decisions for the platform and are subsequently rewarded in UNFI. Details on platform governance can be found here.
Unifi Protocol DAO is a group of non-custodial, interoperable, decentralized, multi-chain smart contracts providing the building blocks for DeFi development. The project provides a bridge to connect the economy of Ethereum-based DeFi products to the growing DeFi markets on other blockchains.
uTrade, a decentralized Automated Market Maker (AMM) and token exchange, is the first product built on the Unifi Protocol DAO smart contracts. uTrade is made up of a group of smart contracts called a uPair. Multiple token trades can be executed within one uPair, allowing a user to trade or fund liquidity in uPairs with an unlimited combination of tokens.
The UP token is minted as a representation of the revenue generated by the Unifi Protocol DAO ecosystem. The tokenomics of UP tokens may differ from one blockchain to another to customize the rewards provided and ensure a sustainable marketplace. The UP token has no max token supply, and can be swapped to UNFI based on dynamic market price rates.
UNFI token holders can earn UNFI rewards by staking and delegating to Community Council Representatives. Representatives and their communities across multiple blockchains forms the Unifi Global Governance Model powered by UNFI.
Unifi Protocol DAO will initially focus on community building across TRON, Ontology, Harmony, and Binance Smart Chain communities. As the project grows, it will gradually support other layer-1 infrastructure as well.
Current community growth strategies of Unifi Protocol DAO include:
Launching services on new blockchains.
Incentivizing the formation of a multi-chain community through UNFI staking.
Maintaining a Gitcoin repository for bounties on building community tools (such as yield calculator).
Conducting interactive seminars on Unifi, UNFI, staking, and governance.
Launching Ambassador programs for community members who provide value and contribute to the ecosystem.
Actively communicating with the public via social channels.
Future community growth strategies of Unifi Protocol DAO include:
**Telegram (ANN)**