Product Issue 20: ETH-UNN Geyser, U-CDS Beta, and Reserve Share UI
TLDR
Geyser ETH-UNN Phase 2 launches on 6/16th for 90 days, emitting 2.5 million UNN for Uniswap v2 LPs.
During the 90 days of ETH-UNN Phase 2, snapshot vote to be held for migrating v2 to v3 Uniswap ETH-UNN along with corresponding Geyser incentive.
U-CDS Beta targeted for launch this week.
Sneak peak of UNN’s Reserve Share program token from one-sided staking of UNN.
After a tremendous 180 days, during which 50 million UNN were distributed to UNION supporters, the ETH-UNN Geyser will end on 6/15th UTC. On 6/16th, UNION will launch a 90-day Geyser, called ETH-UNN 2 emitting 2.5 million UNN for the existing v2 Uniswap LP. During this 90-day period, UNION will hold a snapshot vote with our community to decide whether the Uniswap liquidity should stay on v2 or move to v3. Geyser programs will be released accordingly.
How to Access ETH-UNN v2?
To access the new program, current LP stakers will:
- Withdraw from ETH-UNN.
- Deposit in ETH-UNN 2 version, which will be accessible in our Geyser dropdown starting 6/16th UTC.
LP stakers do not need to withdraw liquidity from Uniswap. Additional details on ETH-UNN 2 launch will be shared through official channels.
U-CDS Beta Testing
UNION is pleased to announce that U-CDS hatching program is targeted for the week of 6/14th! Much like C-OP hatching program, this will be a UNN incentivized Beta taking place on Rinkeby. Because a large part of deposit/withdraw frameworks were already tested in C-OP, the U-CDS test will be shorter, with a focus on purchasing U-CDS and Filing Claims. More details to be shared soon.
As the last step of internal testing, UNION team has been testing the claim filing operations, such as performing the snapshot votes and making sure the pools are locked from deposit/withdrawals while claims are in progress. Things have been working good!
UNN — UNION Reserve Share
The UNION team has also been working on the front-end for the Reserve Share program previously announced. A sneak-peak of the front-end of rUNN, an ERC-20 composable token received for people who stake UNN:
About UNION
UNION is a technology platform that combines bundled protection and a liquid secondary market with a multi-token model. DeFi participants manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION decreases the entry barriers for retail users and lays the foundation for institutional investors. UNION’s full-stack DeFi protection is inclusive, composable, and brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem.
Website: https://www.unn.finance/
Twitter: https://twitter.com/unnfinance
Telegram: https://t.me/UNNFinance
Telegram ANN: https://t.me/UNNFinanceANN
Disclaimers
1) This announcement is for informational purposes only and is not an offer to participate. Never send virtual assets to a smart contract you cannot afford to lose. This announcement does not constitute financial advice.
2) UNION is not an insurance company and UNION does not sell policies of insurance.
3) UNION is not an issuer of CDOs.
4) We are in rapid development phase, and the screens may or may not look like these in final product. Some of the numbers shown are placeholders.
