Hello guys, Ubong Ephraim here and welcome to a fresh episode of Matic Network spotlight with Ubong Ephraim. On this series I highlight happenings on the Matic Network, such as projects and DApps integrated on Matic Network, Matic Network’s integrations on protocols, partnerships and other important updates.
Today we’ll be talking about UNISAVE, a Uniswap compatible decentralized exchange protocol which introduced a few experimental features.
Matic network is a blockchain solution that provides scalable, secure and instant Ethereum transactions using Plasma side chains and a Proof-of-Stake network. Matic network has made an effort to resolve the issues of scalability and usability without making a compromise on decentralization. It is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities.
Matic network was created to solve the problem of scalability associated with most blockchains and also accelerate transaction speeds. When developers seek to deploy their solutions using blockchain technology, speed and scalability are two utmost features they look out for. Matic network solves these problems very well while adding additional features such as a smooth user experience and security.
More than 70 dApps have been built on Matic, ranging from DeFi protocols to games and prediction markets. With more validator nodes being onboarded on the Matic Network progressively, it is on the path to full decentralization and becoming the most sought after Layer 2 network in the blockchain ecosystem.
In today’s part of the series, we’d be looking at UNISAVE, a Uniswap compatible decentralized exchange protocol which introduced a few experimental features.
UNISAVE is a Uniswap compatible decentralized exchange protocol bringing a fresh outlook to the decentralized exchanges space. It is adding new features to improve the way decentralized exchanges are run.
Key Features of Unisave
Auto Mining 🔨 No Protocol Fee 🎫 Self-adjusting Market Maker Algorithm 📈
Auto Mining 🔨
The biggest pain point of Uniswap is the extremely low asset utilization. These days people can invest their underlying asset into many DeFi aggregator system such as YFI, DFI and Harvest to get a considerable passive income.
A new mining system is introduced in Unisave. Each Unisave-pair can been seen as an aggregator and invested into a strategy which have no funds management fees such as Fortube, DFI, etcs. (or YFI if YIP-51 gets passed.)
No protocol fee 🎫
Unisave designed as a public good, since the community can be driven by mining revenues, there is no need to add a protocol fees any more. Allowing us to be the 1st DEX with no protocol fees.
Self-adjusting Market Maker Algorithm 📈
To improve the trading experience and reduce transaction slippage, we introduce a new technique called dummy liquidity — — the liquidity which doesn’t backup by real assets, but will be used in every swap function.
Unisave recently announced a strategic partnership with Matic Network. This collaboration will make the decentralized solution of Unisave fluid as they will be able to leverage on Matic layer 2 solution.
Matic is rapidly becoming the go-to Layer 2 solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. Matic Network layer 2 solution with all it’s awesome features continues to place it as a sought after tool for developing business solutions on the blockchain.
Want to build with Matic too?
For Developers building Dapps and looking for a scaling solution, do get in touch with Matic Network. They can help you not only achieve scale but also provide the best UI/UX to your users.
MORE INFORMATION :
Learn more about Matic Network at : https://matic.network/
Build with Matic Network : https://matic.network/build-n-earn
DApps on Matic Network : https://matic.network/dapps
MaticNetwork wallet : https://wallet.matic.network/
Connect with me on telegram @ubongj