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Unifi Protocol is the developer of a blockchain platform created to connect a group of non-custodial, interoperable smart contracts. The company's platform connects different blockchains together in one Defi marketplace, allowing users to use several blockchains.
Launched in 2018, Unifi Protocol DAO retools blockchain economics with its solutions. These include products like a wrapperless cross-chain bridge (uBridge), a multi-chain AMM (uTrade) with DeFi arbitrage strategies (DARBi), and a collateralized token integrated in the ecosystem ($UP). The Unifi Protocol Network is secured by a proof-of-stake (PoS) consensus mechanism.
The governance token for Unifi Protocol DAO is UNFI. UNFI holders possess exclusive rights to propose and participate in referendums. The Unifi Protocol DAO was established by an online staking community referred to as Sesameseed. Apart from multi-chain support, UNFI has been distributed to Launchpool participants on Binance, as well as via staking initiatives on Ethereum.
