There is no doubt that decentralized exchanges are an unmatched trend. To improve the service and give a great user experience, Uniswap jumped in.
EDEN ISLAND, SEYCHELLES / ACCESSWIRE / May 17, 2021 / Uniswap is one of the most prominent decentralized trading protocols that guarantee liquidity for its users. The much-anticipated upgrade, which is the Uniswap V3, will help its users to have a passive income. Then the new version will work on concentrated liquidity and multiple fee tiers. This will help liquidity providers easily control price range or location while ensuring they get good arbitrage for their risks. Uniswap V3 is a better Automated Market Maker (AMM) as it is flexible and efficient, making liquidity providers have better ROI on the investment. Traditionally, all AMMs had the same strategy, which made it hard to do individual pricing. Through concentrated liquidity made possible by Uniswap, traders do not have to invest in a lot of capital. The upgrade will ensure cheaper and better oracles that provide accurate data when it comes to pricing.
Unbound Finance
Unbound is the top community build project on Uniswap's v3 documents. This ensures that all interested users can access the offerings on Uniswap v3 without necessarily paying any interest. Since Unbound is focused on guaranteeing automatic market makers get liquidity, they can maximize profit. Some of the advantages of the Unbound Finance protocol include:
- Liquidity providers will have increased liquidity hence a higher ROI on their capital
- Users will not be tied to only add two or more tokens to a pool like in V2 but can add in one token at a time
- Liquidity providers can decide on a price range without putting their assets at risk
- Users can use their minted assets to attain a no-debt position.
To improve the protocol, Unbound has been on a testnet since December 2020, and there is a final test net on the way. The testnet will undergo a lot of innovation before it becomes the mainnet. This explains why Unbound's V3 testnet has been mentioned as a community tool in the Uniswap liquidity tool guides.
With the anticipated upgrades to improve DEXs, the trading volumes are growing by the day. According to CoinMarketCap, the trading volumes on Uniswap increased to $1.9 billion yesterday. Even though the value is much lower than centralized exchanges, there is so much expected with the improved infrastructure.
About Uniswap
Uniswap is a decentralized trading protocol that gives users a guarantee of liquidity. The platform helps its users to participate in a financial marketplace reasonably. The V3 upgrade will give its users more control over the liquidity and help them in risky trades.
About Unbound
This is a decentralized liquidity protocol that gives Automated Market Makers its derivative layer. It ensures that decentralized exchanges can efficiently use arbitrage to maximize profits. The Liquidity Pool Tokens fuel the protocol. Currently, the market is anxiously waiting for the launch of the mainnet as it knows it's going to come with great offerings.
Contact
Name: Adesh Kolte
Company Name: Opin Foundation ( The Sole owner of Unbound Project )
Email: support@unbound.finance
Phone number: +9011324123
Company Address: F20, 1st Floor, Eden Plaza, Eden Island, Seychelles
SOURCE: Unbound
View source version on accesswire.com:
https://www.accesswire.com/647762/Unbound-joins-in-to-Give-Uniswaps-Users-the-Best-Experience
