UniFi Protocol Price

UP Token --- Unlimited Potential Token, is a blockchain specific liquidity mining token earned by liquidity providers in Unifi Protocol. Unify protocol is a interoperable DeFi ecosystem on multiple blockchains.

The Unifi Protocol is a completely innovative and interoperable Defi ecosystem on multiple blockchains. The protocol’s smart contracts are fully developed from scratch and not copied from any existing project. Unifi sets itself apart from other DeFi projects with its token economy, which enables unique and powerful incentives to liquidity providers, traders, and savvy yield farmers.

UP, UNFI and uL Tokens

• UNFI Token — (Global Governace) The global governance token for the entire multi-chain protocol and the public face of the Unifi Protocol to be listed on major exchanges. UNFI on Ethereum can be staked to earn rewards, are eligible to participate in Protocol governance. UNFI holders also have exclusive access to the shared rewards of the UNFI Super Pairs.
• UP Token — (Unlimited Potential Token) A blockchain specific liquidity mining token earned by liquidity providers. Smart contract governed minting ensures once mined, UP can only go UP in base token redemption value. The redemption value is different on each blockchain, and is labeled by the token name. For example, UPeth is UP with an Ethereum redmeption value, and UPbnb is Binance Smart Chain’s UP with a BNB redemption value.
• UP’s redemption value offers unique security and sustainability to the Unifi tokenomics. UP is the Unifi ecosystem’s utility token and is minted by fees earned by the Unifi Protocol.
• uL Tokens — (Liquidity Token)This classification of token can take many forms. They are representations of the liquidity, funds, or other tokens provided by a user to the Protocol or a particular pool. uL tokens allow liquidity providers to claim the UP tokens they have mined.

What is the difference between UP and UNFI?

Unifi at its core is the UNFI token. UNFI is used to govern the entire multi-chain protocol and determine certain parameters of the Defi ecosystem on each of the related blockchains.

UP — the Protocol's Utility Token

UP is minted and backed by base tokens, so it also has a redeem value. Each time more base tokens enter the smart contract to mint more UP, a portion of the base tokens is reserved to increase the redeem value of all existing UP tokens in circulation on that blockchain. UP is 100% managed by smart contract, which means UP can be redeemed into its base tokens at any time.

The UP token is actually an independent utility token on each blockchain. The fees accumulated by the Unifi Protocol on various blockchains are deposited into a smart contract to mint UP at an increasing value over time. These fees are extracted by anyone that holds UP by simply redeeming it. The result of this system is such that the value of UP increases with every trade on every blockchain Unifi operates on, independent of each other, but dependent on the UNFI governance architecture.