Unite Finance’s multi-token protocol consists of the following three tokens and each plays a critical role in establishing this protocol:
Unite Token ($UNITE)
The UNITE token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain UNITE’s peg of 1 UNITE = 1 ONE
Note that UNITE actively pegs via the algorithm, it does not mean it will be valued at 1 UNITE: 1 ONE at all times as it is not collaterized. UNITE is not to be confused for a crypto or fiat-backed stablecoin.
$UNITE can be farmed in Farms or exchanged for $UBOND when under peg.
Unite Shares ($USHARE)
UShare token holders have both governance voting and ownership rights of the protocol. Once DAO is established, they will play a crucial role in the governance of Unite. USHARE can be staked in the boardroom to earn a part of minted UNITE as rewards.
$USHARE has a maximum total supply of 70001 tokens distributed as follows:
DAO Allocation: 7000 USHARE vested linearly over 12 months
Team Allocation: 4200 USHARE vested linearly over 12 months
Rewards: 58800 USHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
Initial mint: 1 USHARE minted upon contract creation for initial pool
$USHARE can be farmed in Farms or staked in Boardroom
Unite Bonds ($UBOND)
UBond’s main job is to help incentivize and reward users for ensuring peg during an epoch contraction period, when TWAP of UNITE is below 1.