UniFi Protocol

1. Summary

Ranks

Liquidity

-

Developer

-

Social

78

Momentum (beta)

0

Stack Rank™

-

Price

$1.39 0.0%

Market Cap

$0.00 (#6868)

Supply

/

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Price
52W High price	$1.21
52W High date	30th Oct 2023 (10 months ago)
All Time High (ATH) Date	23rd Jul 2024 (1 month ago)
All Time Low (ATL) Date	23rd Jul 2024 (1 month ago)

Supply & Trading Volume
Trading Volume (24h)	$14.00

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Description

UniFi Protocol

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UniFi Protocol

About UniFi Protocol

UniFi Protocol is a decentralized interoperable DeFi ecosystem. The protocol operates across multiple public chains and provides innovative incentives for liquidity providers, traders, and yield farmers through its unique token economy. This ecosystem supports a bridge and DEX for multi-chain staking, an Automated Market Maker (AMM) with sustainable rewards, and decentralized arbitrage solutions.

Token and Governance

The governance token for UniFi Protocol is UNFI, with a total supply of 10 million tokens. Currently, there are approximately 5.8 million tokens in active circulation. UNFI is listed on multiple blockchains and supports liquidity on these chains. The token economy is structured to ensure decentralization and multi-chain functionality, with full details available in the UniFi Protocol developer documentation.

Security and Consensus

UniFi Protocol is secured using a proof-of-stake (PoS) consensus mechanism. This mechanism relies on staking tokens to validate nodes and secure the mining process, ensuring scalability and flexibility. The PoS method is more energy-efficient compared to traditional proof-of-work (PoW) methods like those used by Bitcoin.

Founders

The founders of UniFi Protocol DAO include Juliun Brabon, the CEO and co-founder, who has experience in operations management. The team also includes Kerk Wei Yang, responsible for developing smart contracts, and Daniel Blanco, the lead developer. The project was started by Sesameseed, an online staking community.

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