Unite Finance is the first project to create an algorithmic stablecoin in the crypto space. Unlike other projects where collateralization of fiat currency is required to peg value, $UNITE algorithmically pegs with $ONE, the primary currency of the Harmony Mainnet.
With this groundbreaking innovation, unite finance brings a fully decentralized arcade to Harmony. By providing a trustless and stable environment for games built on top of Harmony, Unite Finance enables a new era of gaming that is truly fair and fun for everyone. So come join us on our journey to bring decentralization to the gaming industry! With Unite Finance, anyone can be a winner.
Decentralized Fun Arcade Games
The first project to create an algorithmic stablecoin in the crypto space, Unite Finance, has developed a groundbreaking innovation that will enable a new era of gaming that is truly fair and fun for everyone. By providing a trustless and stable environment for games built on top of Harmony, Unite Finance brings a fully decentralized arcade to the network.
With this launch, anyone can be a winner as all games hosted on Unite Finance are provably fair. This is because each game’s outcome is based on the actions of the players and not influenced by any central entity. As such, there is no need to worry about games being rigged or manipulated in any way.
How Do the Unite Users Profit?
The users of Unite Finance will be able to profit in multiple ways. Firstly, they will be able to earn $UNITE tokens by playing games on the platform. Secondly, they will also be able to stake their $UNITE tokens to earn a share of the platform’s revenue. And lastly, they can also trade $UNITE tokens on exchanges to take advantage of the price fluctuations. So what are you waiting for? Come join us on our journey to bring decentralization to the gaming industry! With Unite Finance, anyone can be a winner.
How does the protocol work?
The Unite Finance protocol is based on a series of complex interactions, with the behaviour of multiple stakeholders deciding the pricing dynamics of the multiple tokens of the ecosystem.
- When UNITE price is over the peg (like it is expected it will be for the initial few weeks/months of the project), new UNITE are minted to drive the price down. These new UNITE are allocated to USHARE holders in the boardroom, thus staking USHARE in the boardroom makes the most logical sense during this period.
- When UNITE price is at the peg, UNITE holders can use the UNITE-ONE LP to increase their yield. At this point, new UNITE will stop getting minted, and each investor’s USHARE will drive voting rights to have a say in the governance of the platform through DAO.
- When UNITE price drops below the peg.
What is the point of UNITE?
- In the short term, until the peg is achieved, UNITE is focusing on optimizing the protocol and creating wealth for our early investors through Farms and Boardroom.
- Once the peg is achieved, the system’s mechanisms will focus on stability and consistency so that $UNITE can function as a mirrored, liquid asset to $ONE.
- A percentage of proceeds from this process go to the community-owned DAO fund which plans to establish Harmony’s fresh Incubator and Launchpad to bring new opportunities and growth to the entire Harmony ecosystem.
