Become CEX obsolete with @UnstoppableFi; A purpose-driven DEX.
💫 🚪 Enter the Unstoppable ecosystem.
🧵 Thread time.
🧪 In this thread, I will go through:
1. Do we need another DEX?
2. Product Before Token
3. Unstoppable Yields
4. Token, fair distribution and protection from dumpoors
5. How does $eUND align incentives long term?
Now let's dive straight in. 👇
1. Do we need another DEX?
We all have seen dozens of DEXs pop up. In truth, few DEXs, if not innovating, are needed in DeFi.
@UnstoppableFi is not building another regular spot DEX like @Uniswap...
- They are neither building another perp/futures/margin DEX like @GMX_IO
Each of these categories is an exchange on its own.
But is there any DEXs attempting to compete with CEXs?
Are there any CEXs which want to provide the CEX experience in a decentralized way?
This is where @UnstoppableFi comes in. They seek to replace the commom CEX services:👇
Here are the services @UnstoppableFi seeks to improve or replace:
✦ Spot trading
✦ Margin trading
✦ Integrated borrowing/lending
✦ Trading on your phone
✦ Simple signups
✦ Account abstraction
✦ LPing without impermanent loss.
✦ A fully integrated Fiat on-/off-ramp
Now doing all that is insane, but will you do it with a pleasing UI which makes other average JOE understand it and use it with ease?
Well, this is the full @UnstoppableFi vision!
-User-friendly, intuitive "wallet" for beginners & natives alike +Fiat-Crypto bridge FX platform.
🔮 Further Insights behind the creation of @UnstoppableFi:
With the collapse of FTX during the final months of 2022, they started to ask themselves: "Why did so many people, including decentralization maxis like themselves, still have an account at a centralized exchange?
-> Blockchains have enabled self-custody
So why is it that there still are so many centralized financial services, and why haven’t they been replaced with their decentralized counterpart yet?
It boils down to 3 key points:
✦ Better UI
✦ Easy access
✦ Direct fiat integration
2. Product before Token
The founders didn’t create Unstoppable to launch another short-lived project or run a cash-grab token sale.
This also shows in that they built the product before the token release.
Showcase:👇
3. Yields
Unstoppable also aims to provide the best risk: reward-adjusted yields available in DeFi and build the missing infrastructure to make it happen.
They have an initiative called initial Unstoppable:Yields and part of why this is interesting are due to the next section:
4. Token, fair distribution and protection from dumpoors
A dual token model:
> The native token $UND is the main element.
It can be staked for #RealYield and receives 100% of protocol profits (revenue — incentives needed for LPs or traders).
Yes, you heard that right, 100%!
This covers the first goal, #RealYield and fair revenue distribution for a community-owned project.
✦ Tokenomics dual model
- Native $UND is fully community owned.
- $eUND is split between growth, team, advisors, partners and more!
To ensure the token(s) meets other goals
The second version of $UND comes into play:
> $eUND — earned $UND
• The only way to get it is to earn it — by providing value to the project and ecosystem.
$eUND:
• It‘s liquid, not locked or escrowed and can be freely transferred at any time.
• It has the same properties as $UND and can be transformed into $UND at 1:1 by vesting it over 12 months linearly.
• It will NOT have liquidity provided by Unstoppable
5. How does $eUND align incentives long term?
$eUND is the token that teams and advisors receive for their work (there has been no presale, private sale or VCs, so no other insiders!)
Any incentives for LPs, traders & community, as well as for any marketing, are issued in $eUND
$eUND can be vested over 12 months into native UND.
Alternatively, $eUND can be staked directly for #RealYield.
(Staking and vesting will be available with mainnet launch, scheduled for Q2.)
🔎 What makes $eUND different from native $UND, and how does it protect the community?
Unstoppable will provide liquidity for a UND/ETH pair but not for the $eUND token
Only the community investors that purchase $UND during the token sale will start directly with native $UND and can access the protocol-owned liquidity on the UND/ETH, buy or sell easily at any time
$eUND holders, on the other hand, have to either vest their $eUND into $UND over 12 months before having access to the same liquidity or have to find an OTC buyer or secondary market if they want to sell their $eUND directly.
The early Testnet Beta is fully public for everyone to try rn!
-> Just head over to: dex-beta.unstoppable.ooo and try it!
The contracts are deployed on Arbitrum Goerli Testnet.
Disclaimer, @UnstoppableFi has an ongoing threadorrr competition.
Threadorrs can write for a money prize! 💰
Can you beat mine?😏👇
twitter.com/unstoppablefi/status/1631659335309721601?s=61&t=c79TsU6G5M6b6DrI_O7Zxw
So what do you think?
My take is that @UnstoppableFi is positioning itself in a very unique way and has a very creative token model.
🙌 Product is out and the team has proven dedication and value already IMO!
Do check out my longer Medium article 🤝 and thanks for reading this far!
medium.com/@CryptoBlooom/unstoppablefi-a-purpose-driven-dex-seeking-to-replace-centralized-exchanges-e242f2880d95