At Propy, we are committed to bringing cutting-edge solutions to the real estate industry through our innovative blockchain-based settlement platform. Today, we are excited to announce the PRO DEX liquidity initiative, an integration with Unipilot’s ALM protocol to bootstrap PRO DEX liquidity. This strategy aims to make PRO more accessible to users in the rapidly evolving web3 space.
As the demand for decentralized finance (DeFi) and blockchain-based solutions continues to grow, it has become increasingly important for projects to ensure that tokens are easily accessible and liquid on decentralized exchanges (DEXs). By integrating with Unipilot, a leading liquidity manager built on top of the popular Uniswap V3 protocol, we can efficiently increase liquidity for $PRO while benefiting from Unipilot’s innovative optimization strategies.
In the following sections, we will explore the background of Uniswap V3 and Unipilot, their benefits, and the security measures implemented by Unipilot to ensure the safety of our community’s assets.
Background on Uniswap V3 and Unipilot
Uniswap V3, the latest iteration of the renowned decentralized exchange, introduced the concept of concentrated liquidity. This innovative feature allows liquidity providers (LPs) to allocate their capital within a specific price range, offering greater capital efficiency than previous versions of Uniswap. By focusing their liquidity around a particular price, LPs can achieve a higher depth of liquidity with the same amount of capital, thus reducing slippage and enhancing the trading experience for users.
To further streamline and optimize the liquidity provision process, Unipilot was developed as a protocol built on top of Uniswap V3. Unipilot serves as a liquidity manager, automating position management and maximizing capital efficiency for LPs. By employing advanced algorithms, Unipilot selects the optimal range for a position, auto-compounds earned fees, and triggers rebalances when necessary, ensuring that LPs can focus on their core activities without the hassle of constantly monitoring and managing their positions.
Benefits of partnering with Unipilot
Our partnership with Unipilot brings numerous advantages to the $PRO token and the Propy ecosystem. Here are the key benefits:
- • Actively-managed vault for PRO: Unipilot will create an actively-managed vault specifically for PRO, concentrating the liquidity of PRO around the current trading price. This focused approach allows for increased capital efficiency and reduced slippage, creating a more seamless trading experience for users and investors.
- • Automatic rebalancing: Unipilot’s intelligent algorithms will automatically rebalance the PRO vault’s liquidity position whenever necessary, eliminating the need for constant monitoring and manual adjustments. This automation reduces the time and resources required to manage liquidity, as well as the gas costs typically associated with rebalancing.
- • Compounding of earned swap fees: As an added benefit, Unipilot will compound the fees earned swap fees by the PRO vault back into the active position. This compounding effect enables the vault to grow and further enhance its liquidity.
By integrating with Unipilot’s ALM protocol, we are taking a significant step forward in our mission to improve accessibility and liquidity for PRO, making it easier for users to participate in the Propy ecosystem and leverage the full potential of our blockchain-based real estate solutions.
Unipilot’s Specifications and Security
As we embark on this exciting initiative, it is important to highlight the features and security measures Unipilot offers:
- • Full custody of liquidity for providers: Unipilot prioritizes the security and control of its users’ assets. Liquidity providers retain full custody of their funds, with permissionless deposits and withdrawals ensuring that they maintain complete control over their liquidity at all times.
- • No upfront fees: Unipilot operates with a transparent fee structure, with no upfront costs for partnerships. A 10% fee on swap revenues is taken upon each rebalance to cover operational expenses, such as gas costs and ongoing maintenance. This fee model ensures that the platform remains sustainable while minimizing the impact on liquidity providers.
- • Unipilot’s security measures: The safety and security of user funds is of paramount importance to both Propy and Unipilot. Unipilot has undergone a comprehensive 4-week security audit by BlockApex, a leading smart contract auditing firm. Additionally, Unipilot has been battle-tested for approximately one year, demonstrating its reliability and resilience in the dynamic world of decentralized finance.
As we conclude this exciting announcement, let’s recap the key benefits of the PRO DEX liquidity initiative:
- • Improved accessibility and liquidity for PRO in the web3 space, empowering users to engage with the Propy ecosystem more easily.
- • Reduced slippage through Uniswap V3’s concentrated liquidity feature and Unipilot’s active management of PRO vault.
- • Automatic rebalancing, compounding of earned swap fees, and full custody of liquidity for providers, ensuring a secure and efficient experience for the Propy community.
Stay tuned for more updates and exciting developments in the near future. We appreciate your ongoing support, and together, we will continue to push the boundaries of what’s possible in the world of decentralized real estate.
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