Unus DAO is a new Defi 2.0 + GameFi platform with real asset backing.
Each UDO token is backed by a basket of assets (e.g., BUSD, USDT etc) in the Unus treasury, giving it an intrinsic value that it cannot fall below.
UDO works as a governance token and medium of exchange enabling all sorts of GameFi experience in Unus metaverse (Unus-Verse), offering users multiple yield generation opportunities in an engaging and exciting way.
E.g., Spice Mining is introduced as the first GameFi experience in Unus metaverse.
At a high level, Unus DAO consists of its protocol-managed treasury, protocol-owned liquidity (POL), bond mechanism, staking & farming, and play-to-earn activities.
Bond and NFT sales (and trading in the future) generate profit for the protocol, and the treasury uses the profit to mint UDO and distribute them to stakers.
Stakers can also get rewarded through LP fees and treasury revenues in forms of other tokens.
On top of UDO staking and farming rewards from the treasury, Unus DAO also offers many other play-to-earn yield generation opportunities. Users can receive game tokens through staking or participating in other gamified activities on Unus.
There are a couple of strategies for market participants in Unus-Verse: staking, bonding, farming and play-to-earn.
Staking is the primary value accrual strategy of Unus. Stakers stake their UDO on the Unus website to earn rebase rewards. The rebase rewards come from bond sales proceeds and can vary based on the number of UDO staked in the protocol and the reward rate set by monetary policy (currently circa 150,000% APY as of 2021-12-28).
When users stake, they lock UDO and receive an equal amount of sUDO.
Their sUDO balance rebases up automatically at the end of every epoch (8 hours per epoch). sUDO is transferable and therefore compatible with other DeFi protocols.
When users unstake, they burn sUDO and receive an equal amount of UDO.
Unstaking means the user will forfeit the upcoming rebase reward. Note that the forfeited reward is only applicable to the unstaked amount; the remaining staked UDO (if any) will continue to receive rebase rewards.
Bonding is another value accrual strategy of Unus.
It allows Unus to acquire its own liquidity and other reserve assets such as BUSD or USDT by selling UDO at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of UDO tokens entitled to the bonder, and the vesting period. The bonder can claim some of the rewards (UDO tokens) as they vest, and at the end of the vesting term (5 days), the full amount will be claimable.
We call our own liquidity POL (protocol owned liquidity). More POL ensures locked liquidity in our trading pools to facilitate market operations and protect token holders. Since Unus becomes its own market-marker by controlling the total liquidity, besides adding additional certainty for UDO investors, the protocol accrues increasing revenues from LP rewards bolstering our treasury.
And now, with bonstaking, Unus combines bonding with staking; when users buy a bond on Unus, they will get sUDO which auto-stakes their bond before they claim it. That means they are able to enjoy the best of both worlds - the bonding discount and staking rewards at the same time!
Users no longer have to claim their bond every day and stake it as it is all done automatically.
With the ever-growing treasury and protocol-owned liquidity, the protocol is able to generate more revenues through LP fees and other sources of revenues (for example, the fees received from DEX partners) and distribute them to stakers.
Unus DAO also provides many more play-to-earn opportunities. Users can stake NFT to earn additional rewards, participate in PVE /PVP battles, complete quests, trade characters and props, and a lot more.
Watch the video to learn more about Unus DAO