Unifi (UNFI) and IoTeX (IOTX) are continuing to work together to push out the frontiers of their ecosystems and to synergise in order to take advantage of each other’s progress.
Whilst IoTeX lists on Coinbase Pro, Unifi continues to make upgrades to its protocol, at the same time improving its smart contracts in order to made them more developer-friendly.
Unifi is also making changes to its fee structure. The Unifi Protocol’s uTrade v2 gives the entirety of the platform trading fees to liquidity providers, unlike most other AMMs that take a slice of the pie.
Unifi Protocol’s uTrade v2 enables advanced features on their AMM, which launched on IoTeX back in March of this year. IoTeX Head of Business Development, Larry Pang, said of his company’s partner:
“We believe in a multi-chain future, and Unifi’s commitment and steady progress towards connecting the top blockchains in the industry will drive DeFi innovation for years to come”
The uTrade v2 launch on IoTeX will also mean a far better experience for traders and liquidity providers alike, as they will see reduced gas fees and faster transactions. With the launch of uStake and other future product releases, Unifi will continue to bring innovative DeFi projects to the IoTeX network.
In a YouTube Launch Showcase hosted by IoTeX, Larry Pang and Unifi Protocol co-founder Juliun Brabon discussed a wide range of blockchain related topics and features, including cross chain interoperability, flash loans, and available developer opportunities on IoTeX using Unifi, and Web3 compatibility.
Unifi Protocol continues to add to its ultimate goal of unifying the world’s top blockchains into a universal DeFi marketplace. At time of writing, the protocol has been integrated into 8 blockchains, which include Ethereum, BSC, IoTeX, Ontology, Harmony, Icon, Tron, and Polygon.
The Unifi Protocol also supports many blockchain wallets, such as Metamask. The whole multichain decentralised ecosystem is governed by the UNFI token.
IoTeX recently saw a huge price swing to the upside on the back of a listing on Coinbase Pro. Over the last three days, the IoT and blockchain leader recorded a 470% increase in the price of the IOTX token, and a break out to new all-time-highs.
Another huge boost for IoTeX was the news last month that Bitmart was bringing the IOTX token to the US market. With 5.5 million users across 180 countries, exposure to IoTeX for US traders should certainly help it to grow.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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