glukosseth / gitbook

description
Decentralized cross-chain NFT marketplace/ platform with auto DeFi yield

What is UnUniFi Protocol ?

UnUniFi Protocol

White paper:https://ununifi.io/assets/download/UnUniFi-Whitepaper.pdf

UnUniFi Protocol is a decentralized finance(DeFi) platform that provides tools and features that allow users to create a collateralized deposit position, to synthesize a number of assets pegged to legal currency using NFTs and cryptocurrencies as collateral. As long as your NFTs are pledged as collateral, some rewards will come in on their own through the automatic DeFi of the issued stablecoins. The mission is “Give all NFTs the opportunity to DeFi”.

Decentralized

UnUniFi Protocol is non-custodial. Users can mint/redeem JPU, EUU, USU or other synthetic assets without permission.

JPU, EUU, USU

JPU, EUU or USU is a digital asset drawn from the UnUniFi Protocol on Cosmos Network. The price of JPU, EUU or USU are nearly equal to that of JPY, EUR or USD. A user can supply NFTs, BTC or other cryptocurrencies to UnUniFi Protocol, borrow JPU, EUU or USU, and exchange that JPU, EUU or USU for other assets, goods, or services. Once the JPU, EUU or USU is repaid to UnUniFi Protocol, the user regains full access to their supplied assets. The Stablecoins(JPU,EUU,USU) of UnUniFi Protocol has five primary use-cases: Users can draw JPU, EUU or USU, by locking collateral in a smart contract. Users may stake JPU, EUU or USU for a yield. When earning interest income, there is a huge demand for using coins with low price volatility as collateral. Users may take out a series of collateralized loans to create synthetic leverage for any supported crypto asset. For instance, it is possible to lock BTC and mint JPU, EUU or USU to buy BTC, hence creating a leveraged long position on BTC. Users can use JPU, EUU or USU on any chain connected to the Cosmos network. Users can issue a variety of Synthetic assets collateralized by JPU, EUU or USU.

GUU

GUU is a utility token for governance or commission used in the UnUniFi Protocol. The Governance token of UnUniFi Protocol has three primary use-case: It requires a small amount of GUU as fees when conducting any transaction on the UnUniFi blockchain. Rewards for delegators participating in the UnUniFi Protocol operation. GUU tokens are used to vote on adjusting CDP parameters.

How to build Gitbook

The way to build in local:

npm install -g gitbook-cli
gitbook install
gitbook serve