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Summary of Uniwhale
- Uniwhale is a decentralized on-chain perpetual trading exchange offering up to 200x leverage on crypto assets.
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Key features:
- High leverage (up to 200x) on crypto assets
- Low-latency oracle (Pyth)
- Liquidity pool anchored to USDT, with support for USDC, BUSD, etc.
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Milestones:
- Founded in 2022 by a team of crypto/finance/web experts
- Testnet launch on BNB Smart Chain (Jan 3, 2023)
- Mainnet launch
About Uniwhale
In the realm of decentralized finance, Uniwhale emerges as a trailblazing platform, poised to revolutionize the landscape of cryptocurrency trading.
Uniwhale is a decentralized, on-chain perpetual trading exchange that leverages oracle technology, enabling users to trade a diverse range of mainstream crypto assets, including BTC and ETH, directly from their wallets, with up to 200x leverage. Notably, our platform offers some of the highest leverage options available in the market, with a distinct advantage: our partnership with Pyth, an oracle solution boasting significantly lower latency, making it exceptionally well-suited for high-leverage trading. Furthermore, our liquidity pool is anchored to USDT, although users have the flexibility to provide liquidity or post margins in alternative stablecoins, such as USDC and BUSD. Founded in 2022 by a team of experts with a background in crypto, finance, and web development, Uniwhale’s mission is to provide a platform that facilitates high-leverage perpetual trading, devoid of credit risk, with reduced liquidation risks and zero price impact. Following a successful Testnet launch on BNB Smart Chain on January 3, 2023, we launched our Mainnet on March 6, 2023. Currently, we offer six trading pairs, including ETH/USD, BTC/USD, BNB/USD, MATIC/USD, SOL/USD, and APT/USD. As of March 20, 2023, our total trading volume has surpassed $30 million, generating approximately $30,000 in trading fees, with over 2,400 trades executed by 171 unique traders. (Data source:
https://dune.com/uniwhale/uniwhale-overview
) Building on the success of our Mainnet launch, we are now focused on executing our product roadmap, which includes the integration of automated trading strategies, the aggregation of additional oracle providers, the launch of a mobile app, and expansion into Arbitrum, Polygon, and Avalanche ecosystems. UNW is our tradeable and transferrable token, which enables holders to stake and participate in the distribution of accrued value and token emissions. However, UNW is not a governance token; holders must convert UNW to esUNW to participate in governance. The conversion from UNW to esUNW can be done at any time.