Unifi Protocol’s uTrade V2 launches on TRON Opening the Door to New Innovations in DeFi Trading
Singapore, Singapore, 3rd March, 2022, Chainwire
Unifi Protocol’s upgraded trading platform, uTrade V2, is coming to TRON DAO. The launch of uTrade V2 on TRON DAO is an integral step towards bridging TRON DAO with multiple blockchains together into one sizable DeFi marketplace, governed by the community through the UNFI token.
Unifi Protocol poises itself at the forefront of Web3 technology with multiple innovative products that allow easy interoperability across numerous blockchains. Unifi Protocol’s products are live on nine other blockchains, including Ethereum, Avalanche, BNB Chain, BitTorrent Chain, and more.
A combination of Trading (uTrade) and Staking (uStake) on your chain of choice is only a click away. The Unifi team is constantly working behind the scenes to develop exciting new outcomes, which solve many of the problems retail and institutional participants face in the Web3 space.
“The future is not far from where decentralized storage, decentralized applications, digital assets, and cryptocurrency wallets are widespread,” said H.E. Justin Sun, Founder of TRON. “It is exciting to see continued innovation from long-term TRON Devs like Unifi Protocol as we step into a more interconnected cross-chain future in Web 3.0.”
Unifi Protocol’s long-standing relationship with TRON DAO dates back to as far as 2018. The team behind Unifi Protocol (Sesameseed at the time) minted the first-ever TRC10 token on the TRON blockchain. Like-minded individuals rallied around a vision for decentralized community participation, catapulting Sesameseed to #1 SR for nearly a year. The resulting community forged an unstoppable volunteer team, bringing a series of groundbreaking products to market, ultimately leading to the initial launch of uTrade in 2020. A legacy of forward-thinking innovation is the foundation of Unifi Protocol, a growing company at the forefront of cutting-edge Web3 technology.
Added Juliun Brabon, CEO and Co-founder of Unifi Protocol, “We established ourselves on TRON over four years ago because our goals for a decentralized future aligned very well. Starting from our entry for Super Representative all the way until now, we haven’t stopped developing on the network, pioneering concepts such as multi-chain bridges and backed tokens. The TRON ecosystem is thriving and the perfect environment for exciting innovation.”
The TRON network offers high-throughput and high scalability, with a total of over $8B in TVL.
With the upcoming integration of uTrade V2 and all its functionality, TRON DAO will further improve its DeFi capabilities.
Features of uTrade V2 on the TRON network
Testing for uTrade V2 on the TRON network has been completed, and the trading platform is set to go live in the coming weeks. At launch, users will be able to connect with their Tronlink wallets seamlessly. All trading fees collected will be in TRX and used to back uTrade’s rewards token, UP.
The upgraded smart contracts for uTrade V2 showcase many new features, more in line with what users may be more familiar with from using other trading platforms.
- Token routing
- User added listings
- Single side liquidity addition
- Developer-friendly, customizable smart contracts for launching new tokens and projects
For more information on uTrade V2 and the rest of the Unifi Protocol ecosystem, check out their recent blog post.
About Unifi Protocol
Unifi Protocol creates innovative and straightforward solutions for Web3 applications. Since 2018 the Unifi team has been bringing groundbreaking blockchain products to market, beginning as a volunteer team with a vision for a decentralized future. This legacy of forward-thinking innovation is the foundation of Unifi Protocol, now an established company at the forefront of Web3 technology.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON network has gained incredible traction in recent years, with over 79 million users on the blockchain, upwards of 2.8 billion transactions, and over $8 billion in total value locked. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum in April 2021. The TRON network completed full decentralization in December 2021 and is now a purely community-governed DAO.
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