Product Issue 25 — Upcoming AMA, U-CDS Audit Results, Public Bug Bounty, MOAR C-OP Integration

TLDR:



- The next AMA with Michael Beck will be on 13 August 2021 at 9:00 PM CET.

- U-CDS has passed two audits.

- Union’s public bug bounty program for U-CDS is underway.

- C-OP has been integrated into MOAR for ETH Boosted Borrows. Additional supported assets coming soon.

AMA with Michael Beck



Michael Beck, Union’s Project Lead will be hosting a Clubhouse AMA this Friday – 13 August 2021 at 9:00 PM CET (3:00 PM EST). Come spend your Friday night discussing the future of Union with Michael: https://www.clubhouse.com/event/m7rjLQdW

U-CDS Audits



UNION has developed U-CDS as a mechanism to make DeFi less risky and less expensive. We have completed two audits — a Sanctum-coordinated and an external security audit.



The two audits are in Union’s public GitHub repository.

U-CDS Public Bug Bounty



All identified vulnerabilities from the two audits have been addressed; however, we believe the best way to achieve security and confidence in our platform is to get the broadest base of experience to dig into the code.



Through work with our Sanctum cybersecurity Center of Excellence, we have once again chosen Immunefi as the best way to get the broadest exposure to a skilled community of enthusiastic white-hat security researchers. Immunefi is a bug bounty platform for smart contracts and DeFi projects, where bounty participants review code, disclose vulnerabilities, and collect rewards.



The team at Immunefi are hosting the UNION bug bounty program, so any issues found can be submitted there. Claims will be filtered by Immunefi and valid ones investigated by the UNION team and contributors.



https://immunefi.com/bounty/unionfinance/

“Wen Launch?”



We expect the majority of learning from the bounty program to be absorbed this week.



Given the number of external audits already remediated to this point, we are confident that U-CDS will not see a protracted launch.

MOAR Integration



We would like to congratulate the MOAR team on their successful mainnet launch! The first C-OP integration is live. MOAR users may borrow against their ETH at a 1:1 ratio when they purchase a C-OP ETH Boosted Borrow.



More C-OP Boosted Borrow supported assets will be available in the coming weeks.

Community Growth



Union continues to grow its international footprint and expand into new markets. To further this goal, Union’s Whitepaper has been translated into Arabic, Mandarin, and Russian.



We have launched a new Arabic community at https://t.me/UNIONFinance_Ar.

We are excited to be building our community support in New and diverse regions of the world, and Arabic language support goes a long way toward our ability to accomplish this!



Union recently partnered with Pussy Financial to provide protection and mitigate risk in their ecosystem. Updates on specifically tailored C-OP and U-CDS to be announced soon.



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.