Product Update 43— AMA Product Update Recap — APRIL FOOLS EDITION

  • Due diligence season: Messari research report / analyst coverage! REDACTED diligence continues. Dataroom exchange with Tradfi strategic opportunities group. All in, approx $70bn of AUM sniffing around the project. Exciting times!
  • New grant award! Chain and details to be provided later, following work through legal.
  • IoTeX grant award! IoTeX testing complete — have started rollout to mainnet.
  • $UNN token listing on LATOKEN complete! We will be announcing joint promotional activity with their team in the coming weeks.
  • The new UNION website is now complete! Migration is scheduled for later today. Our goal is to bring a new consumer-focused feel to our product suite. Along with this, we have been performing usability and concept testing to help in better educating about the purchase of policies from our Protection Marketplace!
  • UNION deployment to Polygon has started! Regression testing being completed and boosted borrow with MOAR now fixed. Discovered smart contract issue on MOAR side that prevents policy liquidation by the MOAR liquidator. Presently remediating.
  • Fantom testing has started.
  • Binance Smart Chain testing has started.
  • Harmony testing has started.
  • Metis testing on deck — waiting for Polygon and IoTeX unified deployments.
  • NFT Policy Development completed! User acceptance testing has identified two requirements for launch which are different from previous work with Mattereum Asset Passports: 1) only policy holders should be able to file claims; and 2) unclaimed policies should not expire or be redeemable before their term because of an earlier adjudicated claim. Smart contract changes completed — front and backend changes to support requirements underway.
  • hUNNy Badger art inventory and integration continues. New game aspects for added fun and excitement! hUNNy Badgers now eat Füd, and develop Karma, which can be sold or exchanged for Füd! Badgers love rabbit and duck, and guys named Todd. WARNING: Badgers will bite the purchaser from time-to-time and announce their unbridled intentions through Medium posts. Nothing personal.
  • rUNN front-end integration with Protection Marketplace complete. runn.unn.finance scheduled for retirement later this week.
  • Geyser integration with Protection Marketplace underway.
  • Deferred wallet connection analysis complete. Beginning front and backend enhancements.
  • Notification service development underway.
  • Balancer rewards issue fixes to be done over weekend.
  • Domain renewal issue resolved. Cobwebs from environment setup dusted — New domains purchased, just in case. Many thanks to John Liu for his assist. He continues to do excellent work, and we appreciate his continued support.
  • No-Interest Loan (NIL implementation still in regression testing.
  • New case implementation for adding Boosted Borrow during loan duration and for depositing collateral protections (C-OP) that originate from purchase on UNION site.
  • MOAR deployment to Polygon mainnet continues! UNION integration issues with UNION-based Boosted Borrow policy origination resolved in test environment. Issues found post integration in acceptance testing: 1) rounding issues with funds in deposit; 2) MOAR liquidator fails to correctly execute UNION C-OP collateral protection policies pledged to Boosted Borrow; and, 3) borrowing can only be initiated against tokens that are already in a user’s account (ex: you may have wBTC and wETH as collateral in your account, but you can only borrow USDT if you have previously made a USDT deposit of any value).
  • Revised deployment to Polygon mainnet 4/15/2022.
  • IoTeX deployment planned following Polygon.
  • Addition of support for policy discount logic completed.
  • MOAR on Polygon operations run-books being developed. Along with second Sanctum audit, runbook development is our guiding light in this project (ok, only partial sarcasm/satire — we are just now moving from a business continuity posture to envision strategic possibilities).
  • Diamond Hands distribution delayed because of developer work in prioritizing audit and withdraw issue. Diamond Hands claim build still in integration testing on MOAR platform. Will tweet when available for claim on Polygon!
  1. PLEASE DO NOT SEND TOKENS TO 0X0! This is an APRIL FOOLS joke!
  2. PLEASE DO NOT SEND TOKENS TO 0X0! This is an APRIL FOOLS joke!
  3. PLEASE DO NOT SEND TOKENS TO 0X0! This is an APRIL FOOLS joke!
  4. This announcement is for informational purposes only and is not an offer to participate. It contains a number of forward looking statements about features and functionality, which may be subject to change or availability. As such, specifically, To-Be-Determined (TBD) features and functionality are expected available on the basis of future release schedules, priorities, technical considerations, and market realities.
  5. Never send virtual assets to a smart contract you cannot afford to lose.
  6. This announcement does not constitute financial advice.
  7. UNION is not an insurance company and UNION does not sell policies of insurance.
  8. UNION is not an issuer of CDOs.
  9. We are in a rapid development phase, and the screens may or may not look like these in final product. Some of the numbers shown are placeholders.
  10. Nothing in this announcement shall be deemed to constitute a prospectus of any sort, a solicitation for investment or investment advice nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.
  11. Nothing contained in this announcement is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of UNION.
  12. PLEASE DO NOT SEND TOKENS TO 0X0! This is an APRIL FOOLS joke!

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