UNION and PUSSY FINANCIAL Partner to Maximize Value for $PUSSY Hodlers
UNION is proud to announce its partnership with Pussy Financial. UNION’s products will enable PF holders to hedge their long positions and garner the full value of their $PUSSY when using it for collateral, all while providing the greater ecosystem with additional security. Together, Union and Pussy Financial will redefine the capabilities of a crypto-ecosystem.
Furtunately, Pussy’s name purrfectly positions its community to ride the internet’s insatiable craving and pawsitive association of this aloof and mysterious creature. Pussy will build trusted momentum and maximize the utility of this hissterical obsession with the feline meme and create value for its members applying UNION Finance technology and experience in Decentralized Finance. Most importantly, it will ensure an equitable community with an eventual goal of relying on trustless governance (DAO).
As a meme token, Pussy Financial embraces and engages every community on the internet. These opportunities include shared spaces, giveaways, conversations on potential collaborations-- the opportunities are expansive.
UNION and PF will focus initially on a $PUSSY Collateral Optimization (C-OP). UNION will also pledge use and support of its crypto default swap (U-CDS) architecture to mitigate risks for PF and $PUSSY holders throughout their token ecosystem. PF will support related C-OP and U-CDS geyser incentives with direct liquidity from the PF token!
“$Pussy has been undergoing some serious changes since its inception. Now, with a primarily doxxed team, we have created the leads to better serve the community in the long term. Our goal is to be transparent and to create a welcoming space where anyone can be part of the $PUSSY community. Our partnership with UNN makes our ecosystem more secure by providing protection for our community, the people we care about most, ” said Harley Palmer, PF CTO.
$PUSSY C-OP will allow holders to participate with boosted collateral value, when seeking stablecoins from lenders. Whereas, generally, DeFi borrowing requires over-collateralized positions (e.g.: 140-200%), this is unlike TradFi, where most things are under-collateralized (e.g.: think a home mortgage that is typically collateralized at 10-20%). This standard DeFi collateral ratio is potentially chilling to new users attracted by the PF proposition. The $PUSSY C-OP has the goal of allowing at-money collateralization, so $1 $PUSSY is equal to $1 stablecoin. The C-OP product does this by pushing token volatility into a decentralized protection product, providing benefits to borrowers and lenders alike.
There are two sides to the $PUSSY C-OP: purchasers and writers. A purchaser is buying the 'right to sell' $PUSSY-- this works like an American-style put option. A writer is a liquidity provider who provides the underlying value for the option being purchased. Every market has two sides, so the purchaser is concerned their $PUSSY might decrease in value, the writer believes $PUSSY continues to moon, or uses the proceeds to purchase a deeper put to maximize their own protection. A writer collects a premium from the purchaser. The purchaser redeems against the funds the writer provides.
In the UNN ecosystem, the purchaser receives an ERC-721, called a uUNN token, which represents a C-OP policy. This uUNN token is redeemable as the 'put option' at the UNION site or on a compatible lending platform. The writer(s) receive pUNN tokens, or 'pool tokens’, that reflect the liquidity risk of the pool supporting outstanding C-OPs. These pUNN tokens are ERC-20s and can participate in a number of reward structures. Typically, pUNN have a transfer restriction to prevent risk-timing and premium-sniping, but after the 'cool-down’, they are freely tradable.
"We’re excited to work with and engage the Pussy Financial team and community-- they bring an energy, charisma, and understanding to the space that’s been missing for some time! For PF, this is more mission than meme, and UNION is committed to supporting them going forward. We believe work with UNION deepens the potential of $PUSSY to serve as a first class cryptocurrency in the world of DeFi. To do so, UNION is rebuilding its data aggregation and calculation mechanisms to provide requisite flexibility for the token, which requires more precise handling given price and circulating supply. This partnership helps us develop and support new capabilities going forward, which we know our existing and future community will definitely appreciate" - Michael Beck, UNION’S project lead.
With $PUSSY in DeFi, the cat’s officially outta the bag!
About Pussy Financial
Pussy Financial is a community driven ERC-20 viral meme token that provides an ecosystem for anyone to learn and interact with crypto and DeFi at their own pace. We welcome OG supporters, memers, musicians, financial wizards, innovators, trolls, and artists from every industry & corner of the planet imaginable to get involved with pussy! $PUSSY was founded on the idea that building strong community foundations and goals are the fundamental building blocks of any token.
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
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