Features
1. UNIG Token
The UNIG token is the native currency of the Unigen Finance ecosystem. It serves multiple functions, including:
Preserving Purchasing Power: UNIG helps users hedge against volatility and preserve their purchasing power over time.
Liquidity Provision: UNIG facilitates liquidity across various decentralized and centralized exchanges, enhancing market efficiency.
Governance Rights: Holders of UNIG have governance rights, allowing them to participate in the decision-making process for protocol upgrades and adjustments.
2. Staking
Staking enables users to deposit UNIG tokens into the protocol, contributing to long-term price stability and earning rewards in return. Stakers receive their pro rata share of rebases and governance rights, incentivizing participation in the Unigen ecosystem.
3. Option Mechanism
The option mechanism allows users to trade various tokens for UNIG at a discounted price. In exchange, the protocol gains ownership of the liquidity, enhancing stability and longevity. Option sales provide additional liquidity and reserve assets to the Unigen treasury, contributing to the overall health of the protocol.
Last updated