UNION Partners with SAFU.NET around Protection and Technology Components
UNION is excited to announce its partnership with SAFU.NET. SAFU.NET provides a series of tools for the BSC ecosystem including DEX, a smart contract code scanner and liquidity lock. UNION and Sanctum, UNION’s Cybersecurity Cenrer of Excellence, will use SAFU’s vault, security expertise and DEX. UNION will deploy their U-CDS protection to support SAFU’s DEX TVL and NFT Marketplace. Their collaboration provides significant value to both communities.
SAFUYIELD is the utility token for the SAFU.NET ecosystem. It is a deflationary token, multi chain yield aggregator, governance and staking protocol. SAFUYIELD token decreases in total circulating supply every time token transfer happens. SAFUYIELD token holders interact with the SAFUDAO Governance Protocol to vote on community projects.
“The main aim of the SAFU.NET is to ‘Make DeFi a Safer Space’ with the use SAFUDAO (www.safu.net) as a super DeFi interface platform to manage multiple cooperating smart contracts. A single contract includes any given token holding conditions, will be of usecase of the SAFUYIELD PROTOCOL tokens primarily as a Utility.
This standard provides an infinite amount of usecases to SAFUYIELD Token Holders and the SAFUDAO Governance Protocol,” said Nassim Bouslama, SAFU.NET co-founder.
UNION combines bundled protection and a liquid secondary market for DeFi participants to manage their multi-layer risks across smart contracts, tokens, and protocols in one scalable, cohesive system. UNION decreases the entry barriers for retail users and lays the foundation for institutional investors. UNION brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem.
UNION’s protection products extend across multiple protocols, incorporating protection addressing technical and economic risks as well as protection in situations where multiple protocols are involved. UNION mitigates risk and protects by pairing risk takers with benefit payers, where the risk payers pay premiums to the benefit payers who fully back risk-based activities. As such, the benefits from UNION’S two core products, C-OP and SCP, wrap around a project’s ecosystem and user community:
UNION’s Collateral Optimization, or C-OP, product allows you to use your crypto dollar-for-dollar when borrowing from DeFi lenders. It protects borrowers from volatility that might otherwise cause borrowed DeFi positions to liquidate.
UNION’s Smart Contract Protection (SCP) provides protection for holders against hacks, rugpulls, malfeasance, defects, and other unanticipated losses that plague DeFi protocols. The SCP platform works on top of our core UNION Crypto-Default Swap (U-CDS) architecture, where U-CDS enables all of our core protection products.
The collaboration between the two projects optimizes their skills and expertise. SAFU.NET audit tools will further enhance Union’s SanctumSecurity smart contract audit activities. SAFU’s market leading security experience will additonally support UNION’s cyber diligence and response teams.
“The SAFU.NET team are nimble and talented. They bring immense blockchain and cryprocurrency experience and a stellar understanding of the infrastructure and operations security required for emerging and established projects, alike. Their DEX and marketplace implementations reflect this knowledge and pedigree. We’re fortunate to have found strong fit," said Michael Beck, UNION’s project lead.
Telegram ANN: https://t.me/UNNFinanceANN
- 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.
- UNION is not an insurance company and UNION does not sell policies of insurance.
- UNION is not an issuer of CDOs.
- 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.