Unite

Stake your UNITE and USHARE in the boardroom to receive rewards through our Algorithmic Stablecoin ecosystem.

Unite Finance offers the decentralised algorithmic stable coin on Harmony Mainnet, pegged to the price of 1 ONE via seigniorage.

The protocol's underlying mechanisms are designed in a way to ensure a peg of UNITE:ONE is achieved, and once achieved, it is maintained to establish $UNITE as a mirrored, liquid asset to $ONE. Protocol accomplishes this by introducing unique economic and game-theory centric dynamics into the market through its three tokens.

The Unite Finance protocol is based on a series of complex interactions, with the behaviour of multiple stakeholders deciding the pricing dynamics of the multiple tokens of the ecosystem.

When UNITE price is over the peg (like it is expected it will be for the initial few weeks/months of the project), new UNITE are minted to drive the price down. These new UNITE are allocated to USHARE holders in the boardroom, thus staking USHARE in the boardroom makes the most logical sense during this period.

When UNITE price is at the peg, UNITE holders can use the UNITE-ONE LP to increase their yield. At this point, new UNITE will stop getting minted, and each investor's USHARE will drive voting rights to have a say in the governance of the platform through DAO.

When UNITE price drops below the peg, investor's strategy should lean towards buying UBOND using UNITE. The UNITE used to buy UBOND will be burned, which reduces supply of UNITE and brings its price back to peg, at which point investors can sell UBOND to earn profit.