UniDex Announcements

This month UniDex has processed over $75,000,000 in volume in the month of October on Fantom & Optimism More than $88,000 in protocol fees has been collected & we've also finished the 1st round of the perpetual trading competition 🏆 Let's shoot for 100x and thank you UniDex traders! 🔥 rewards for the trading comp are going out today & more info on the next trading comp so keep your eyes peeled for that Lets give this tweet some activity too 👇 https://twitter.com/UniDexFinance/status/1589043581117149184

As we mentioned previously the UNIDX-ETH token LP migration will be taking place now! This does not concern the platform but rather just the liquidity for the UNIDX-ETH pair. 20% will be moved to Optimism and the rest to ETH mainnet on UniV3 No action is required for holders! Do note we account for 100% of the liquidity on spiritswap so we would advise against buying or selling on fantom and continue your activity on optimism for the same low fee swaps once the migration is finished

GM UniDex Community! We'll be moving our governance and attention back to the ETH ecosystem starting with the mainnet & Optimism this Saturday. What this means is that we'd be moving the bulk of our spirtswap UNIDX-ETH liquidity to the mainnet and 20% of that liquidity to Optimism. Thanks to UniV3's advancements we can mirror the same liquidity which exists on the mainnet to make it economically feasible for smaller trades to happen on optimism without larger price impact. We'll also be deploying the leverage trading protocol on Optimism with a liquidity mining program helping to grow some of that liquidity. Fee rewards will now take place by default on Optimism however, the user will be able to choose between 4 networks (FTM, Arbitrum, OP, or Polygon) to receive their rewards. All the user needs to do is vote using snapshot on the weekly snapshot to set their target chain. We do encourage users to read the full article which you can find here :point_down: https://mirror.xyz/unidexexchange.eth/kvyzmhihCmN548d1xFlfLwIm-rh2iY9E_e5hBL3zF7Y Remember, nothing needs to be done for the existing holders on all chains and this does not affect the leverage trading protocol on any chain either. If you are an FTM holder you can continue to be so forever, and you'll be able to get rewards on FTM just like always. However, our governance and liqudity will be moving to the ETH ecosystem with majority on the mainnet & a portion on Optimism.

GM UniDex traders 🔥 We mentioned a bit earlier that we'd have a short medium article for the short term actions for this and next month. We come to deliver just that! This medium article covers a small bit of information related to... - Trading comps - BSC & testnet zkEVM deployment - Upcoming functionality like trailing stop losses and referrals - More dates related to launches Give it a read 👉 https://unidexfinance.medium.com/trading-comps-new-functionality-and-more-1dcc70a8abce While we're on the topic we're going to have 2 twitter spaces today at 14 UTC & 15 UTC 📅 (approx 3 hours from now & 6 hours for the metis one) The first will be hosted on our side with @ArableProtocol on twitter & the second will be with the metis CEG group. You can find that below here👇 https://twitter.com/i/spaces/1ZkKzXBWwkWJv?s=20 Make sure you give that medium article a read! you might find something fun in there who knows.

We mark the end of UniDex 2.9 update and transition into UniDex v3 💫 The name of the game is decentralizing EVERYTHING from hosting, oracles, token payouts, server space, and so forth. V2.9 Brings a few things going live today and the end of this month. In short 2.9 offers - Added BSC support - zkSync compatible - 500x leverage on forex - 100x leverage on BTC & ETH - 9 new trading pairs To find more about V3 we suggest you look at the tweet to get a short preview 😉 We highly encourage you to read the twitter thread here outlining the recent update as part of 2.9 and a small tiny preview of V3 https://twitter.com/UniDexFinance/status/1577053502136012802

Hey everyone! We got a news update for everyone in the community. To cut things short, ill drop a short summary here and the full link at the bottom. 1. Community content will be voted on here and users can find that in the #community-voting✅ channel on discord. ( thats discord.gg/unidex ) 2. Metis LP promotion is live and nothing needs to be done for LPers. Simply provide and 100% of trading fees will be distributed to you. CEG is still pending as thats up to the Metis team entirely. 3. We want to run a similar promotion for Boba users but have a focus on traders and their PnL. Stay tuned for that as a vote is going live soon. 4. Limit orders are almost ready and we've highlighted how our limit orders are different from the rest. Initial audit testing still needs to be done which will be followed by a testnet release, and then finally the mainnet. 5. Ordersize limits will also go live but we want to inform the community again just how these will work compared to the current system. 6. Forex pairs will be increased to 500x leverage with a small adjustment on funding rates. This will also follow a number of other pairs being listed such as USD/JPY, EUR/GBP, and AUD/USD etc. We do encourage you to read the full post however here 👉 https://unidexfinance.medium.com/unidex-update-09-06-22-60b9e5957450 let us know what you think!

Hey traders! hope the week is treating you well ❤️ Now that we've successfully deployed on Metis we want to start making some moves into the ecosystem. The first thing we'll be doing is seeding some liquidity with our first partner tethys finance! This will allow traders on metis to gain exposure to the UNIDX token. But we've also collaborated to bring some LP farms and lending markets to the UNIDX token! We also have some other things planned but there is also a dao proposal with hermes https://commonwealth.im/hermes-omnichain/discussion/6828-hip3-whitelist-unidx-token-from-unidex. If this goes through, we would also be doing bribes and other protocol activity to build liquidity here. Just a small intro to our first steps for the UNIDX token on metis. The we've talked with some market makers to seed liquidity on the metis side + pending metis CVP approval both of which will help boost liquidity for the leverage trading protocol. But we believe we can increase activity through community efforts better by a new proposal. We started a vote which ends Sep 4th to run a 2 week program to direct 100% of trading fees on the metis side, to LPs on the protocol. This should allow some short term exposure on the metis side to jump start things. View that here 👉 https://snapshot.org/#/unidexapp.eth/proposal/0x64e5d43c021cc3d2c4d5808a25df5d764887bb1bcef96646777353ea564f5542 Thats all for now!

We're going to push an update to allow for people on metis to start pooling & trading pretty soon! To start we're going to throttle utilization over the first few days before we set this factor back to ~ 1:1 just so liquidity can build up faster but still allow trades to be places without weird size limits. We're going to provide 2 links for users once everything is up and ready with 1 stable build dedicated just for metis like in the past ( metis.unidex.exchange similar to the boba subdomain and fantom ), but the leverage.unidex.exchange will let you access all chains. Again we'll push another announcement once its up today and ill also be live streaming the deployment today at 18 UTC! We also wanted to give a small sneak peak on how we redesigned our pool page with more information and more informative details on pool performance. We decided to go with an approach that will let you monitor your portfolio easily between all chains and see how performance has been at a glance, then select a pool for more dedicated info just like familiar analytics pages like uniswap info pages or yearn. Let us know what you think!

Alright everyone its time for our monthly wrap up article! This month we have soo much to cover like new trading mechanisms, projects building on top of UniDex, UI updates, and fun things like grant programs. The article itself is quite lengthy but we did provide some quick graphics to sum up some sections / new additions. Read it here ➡️ https://unidexfinance.medium.com/unidex-may-monthly-wrap-up-fd7019b8051 IF you want the TLDR its... UniDex P/S Ratio: 2.07x UniDex P/E Ratio: 3.04x - Structured products are coming through various protocols / teams - New mechanics like dynamic spread, slippage, and funding rates - Much more refined Pool UI nearly finished - Grant programs and other means when teams build on top of UniDex - New aggregators for spot trading like openocean, kyber, and firebird - Landing page overhaul with new animations set to be finished next week - Docs overhaul

‌‌‌‌‎⁠Tweet from UniDex Exchange (@UniDexFinance): 🎉 Our leverage deployment for Boba is live! 🎉 Poolers get @bobanetwork's WAGMIv3 incentive rewards while staying in the pool for extra APR 🧑‍🌾 Trading will start at 17:00 UTC but users can start pooling now with this link 👇 https://t.co/ysz6PZL2dk #UniDex #Bobanetwork $UNIDX [permalink]