UNIT is the core token of the entire energy DeUnity - DePerp ecosystem and an ERC-20 token featuring a built-in Automated Market Maker (AMM), offering advanced decentralized trading and staking functionalities. As the core of the ecosystem, UNIT integrates liquidity management and dynamic trading directly into its smart contract, providing a robust solution for decentralized finance. By implementing the DSwap ERC20 Standard, UNIT enables seamless exchanges between UNIT and ETH without relying on external liquidity providers or centralized exchanges, while also serving as the primary medium for participation in various protocols and governance.
Built-In AMM: UNIT includes an AMM within its smart contract, enabling seamless exchanges between UNIT and ETH.
Decentralized Trading: Swap ETH for UNIT or UNIT for ETH directly through the token's smart contract without onwership and third parties.
Liquidity Management: The contract does not have liquidity manager functions. Reserves of ETH and UNIT are updated solely through user purchases and sales, with the contract automatically managing these reserves.
Staking Rewards: Earn rewards by staking your tokens. A 0.3% fee from every swap, along with fees from other protocols, is distributed to stakers.
Staking Rewards: Earn rewards by staking your tokens. A 30% fee from every liquidations in perps markets distributed to stakers.
Automated Processes: The smart contract automates trading, fee calculations, and liquidity management.
How It Works
UNIT ERC-20 Token Contract
Built-In AMM
Buy Tokens get UNIT give ETH
Sell Tokens get ETH and burn sell amount
Liquidity Management
Update Reserves by Sell and Buy funcations
Set Basis Reserves by deployer
Fees and Staking
Collect swap fees to Staking Address
Set Staking Address by deployer
AMM Logic
Calculate Swap by x * y = k
Get Price by reserveX / reserveY
Stake
Get Rewards by time based staking
Accepts UNIT tokens and ETH from swap fees, and other protocols fees
AMM Formula: UNIT implements the DSwap ERC20 Standard, which uses a constant product formula to manage its Automated Market Maker:
x * y = k
Where:
x is the ETH reserve
y is the UNIT reserve
k is a constant value
This formula ensures that the product of the reserves remains constant, dynamically adjusting the price based on trade volume and maintaining balance between ETH and UNIT reserves.
For a detailed explanation of the DSwap ERC20 Standard and its implementation, please refer to the official documentation.
Benefits
Transparency: Smart contract operations and open-source code ensure clear and verifiable processes for all UNIT transactions.
Decentralization: UNIT operates on a fully decentralized system with built-in AMM, eliminating the need for centralized exchanges or liquidity providers.
Efficiency: Automated trading, liquidity management, and integration with protocols ensure optimal performance and enhanced user rewards.
Integration with DePerp Protocols
Perp - Futures: UNIT token holders can benefit from additional rewards by participating in DePerp's futures markets.
Spot/Swap: UNIT token holders can benefit from additional rewards from listing projects on DePerp Spot markets based on Dswap Standard.
Governance: UNIT token holders can participate in voting.
Charity: UNIT token holders can donate and win lotteries with their tokens, helping to support projects and initiatives that align with their values.
Goals
Efficient Resource Co-Trading
DeUnity aims to optimize the trading of rare resources by providing a decentralized platform with built-in liquidity and automated market-making. This ensures fair pricing and reduces friction in transactions.
DeUnity Co-Creation
The platform enables users to create new markets for memes, rwa, projects easily . This fosters innovation and allows for the trading of previously illiquid or hard-to-access assets, expanding the ecosystem's diversity.
Co-Risk Management
DeUnity incorporates advanced risk management tools, including insurance mechanisms and arbitration. This helps protect traders and maintain market stability, encouraging more participants to engage in rare resource trading.
Join DeUnity
DeUnity offers various roles for participants in its ecosystem. Whether you're a trader, insurer, analyst, or arbitrator, there's a place for you in our community.