Unite Finance - First Algorithmic Stablecoin Pegged to ONE

I followed the project that was offered since last December 25th, so far you have handled well what you have to offer such as the autocompounding feature (beef fork), you answered quite well what was asked by the community (telegram). There are several inputs that concern me, including:

  1. so that you development team, (not just moderators) closer and communicate with investors.
  2. immediately do an audit (even though I know the project you are offering is a fork of tomb v2 and beefy) even though it is a temporary audit so that new investors are more confident in what you offer.
  3. to continue to provide new features that are not offered by other fork tombs, so that your appearance is different.
  4. Always on schedule on your roadmap

maybe that’s all my input, keep working

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I have been following this project 2-3 days since it launched. I still support this team and the quick progress they have made. The team is quick to implement changes and provides frequent updates to the community. Can definitely tell that a lot of work are going on behind the scenes. Hope that they can continue build trust in the community .

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Thanks for showing interest in our project.

  1. Team will be trying their best to engage and communicate with the investors on a daily basis. We are working on it. Soon we plan to start our medium blog where we’ll be providing weekly updates, targets and an overall vibe check of the community’s sentiments. It’s important to us that the investor feels valued and their suggestions are acted upon quickly.
  2. We have contracted a reputable agency 0xGaurd who recently audited OpenSwap (on Harmony). We expect our audit by NYE if things go as planned.
  3. Yes, we do not aim to be just a tomb fork. We have some features in mind and plan to talk more about them in our future updates.

Thanks your your input. We would love if you join our discord community, and keep the feedback/suggestions coming in.

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I have followed from the beginning, that’s why I gave input as above, although there are some investors who do not understand the protocol you are offering, I have given them a little explanation.

and congrats, the UI fix for the autocompound feature is pretty interesting, it doesn’t look like a beefy fork anymore. CONTINUE YOUR HARDWORK :blush:

Solid project so far. The team has been too notch and have answered all of my questions so far.

My biggest questions were security auditing and coin utility.

As been shown here the audit is underway and as for utility, the first use case will be for IDOs with more on the way.

Furthermore, just by browsing their discord you can see how responsive the team is and how the project is bringing people from other chains to Harmony.

I don’t see any reason why their application should not be granted.

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I entered this project 2 days ago. It’s a very interesting concept, a fork for sure but the first on Harmony. Tomb Finance is very successful on Fantom and some say it’s the main driver of liquidity there. Keep pushing team! Really looking forward for this to gain traction.

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This team and project are excellent.

This post was submitted a week ago and we already reached most of the metrics for success layed out in it! 10M$ TVL goal reached, 500 unique addresses goal reached. The activity is increasing exponentially, as is the enthusiasm.

The original Tomb had a few problems but they succeeded in fixing them, we are walking in their footprints while avoiding what they tripped on. More than that, people can see thanks to Tomb’s precedent that, this kind of protocol is working. It IS battle-tested, and resistant mid-long-term.

Plus, doing it on Harmony is an excellent move. Harmony is fast-growing, especially since a few months, but still kinda under the radar to most people. I think Harmony will explode in use and our project will benefit from it, by being a central component, and quite “early”. But the reverse is also true, we will bring people on Harmony (we are already doing actually, a lot of people learn to cross-chain on Harmony in the Telegram/Discord) and the whole ecosystem will benefit from us. I guess we have the potential to become a core feature of Harmony, especially by incentivizing the providing of other protocol’s liquidity. Tomb has its very specific use on FTM because of FTM staking, but bringing liquidity is also one of the main interest of Tomb’s mechanism, and I guess it can’t hurt this ecosystem to have us on board.

By the way an update, a first “quick” audit is since then done (0xGuard), simply to reassure people that yes, this is a clean tomb fork, without the exploitable parts, without any potential vulnerabilities added either. A second audit is underway, more in-depth this time.

Also, the blockchain developer (synthesis0x) has used a 3rd party firm to entrust his identity, also to reassure people that in case of wrongdoings, legal actions can be taken.

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bullish on DAO based governance and the idea of 1wallet integration. excited for the future of your project!

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how come no one from the ONE team have replied to this yet? @lij

HELLLO, any1 from the one team wanna take a look at this tomb fork?

Since this is a retroactive launch grant, love :blue_heart: it when you’ve specified the metrics of success.

The retroactive launch grant fund release schedules will be looking towards the performance metrics. TVL is a volatile number, to help design this launch grant right, we’d like propose a “sustained TVL” model of over a one-month period (30-day moving average) for each metric, and happy to support your team in getting there.

  • $10K for Reaching $1M TVL - achieved on Dec 31, 2021 (sustaining thus far, 30-day avg)
  • $10K for 500 unique addresses - need stats, will release funds upon confirmation
  • $10K for Reaching $5M TVL - achieved on Jan 7, 2021 (sustaining above $5M thus far, 30-day avg)
  • $10K for Establishment of DAO - let’s identify members based on Apply for Grants or DAO
  • $10K for Reaching $10M TVL - achieved on Jan 9, 2021 (fluctuating, 30-day avg)

For DAOS – we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

Can we agree to the above terms?

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That’s super good news! We agree to all the terms.

I am messaging you, let’s discuss the next steps in details. Excited for this!

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Fantastic! Approved for $50K Launch grant. Congratulations! Funds will be released upon completing these milestones above

Meanwhile, to prepare receiving funds, email your identification documents to kyc@harmony.one and create a Gnosis Safe MultiSig wallet at https://multisig.harmony.one and using instructions below
:arrow_right: Setup Gnosis Safe with MetaMask & 1Wallet

Checkout the Funding FAQ for further info at Harmony Funding FAQ. Join the Harmony Grants Telegram channel to share your story and to gain partnerships there by growing your own ecosystem.

Please join the Harmony Grants Telegram channel and Harmony’s Discord server.

We’d love :blue_heart: to see weekly updates on this thread here, to keep the community posted on Unite Finance’s metrics progress!

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I’ve sent you a DM but I’d like to formally offer to serve on the Unite Finance DAO. I’m currently a governor on the Harmony Community DAO and a holder of Ushare as well. In addition I’m a validator and have a strong community presence. If interested please let me know!

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Hi @UniteFinance,

Curious to see the recent updates to this project. Will be great to see the first algo stablecoin on Harmony ecosystem.

-Al

Hey @cheualx

A lot has happened since we last posted on the forum, we’ll try to be much more regular in the coming months, sorry! :upside_down_face:

Our TVL peaked around 30m$ back in January and price movement wise it’s been a downward trend so far but in this time we managed to understand the chain, community and it’s needs better to form a vision for us. We recently evolved this vision into an actionable roadmap which can be found here Roadmap - Unite Finance (would love to get your feedback on this!)

We also managed to get our launchpad working and helped @Alevo and EvoVerses team raise over 5.9M $ONE which we are super proud of.

Some of the key features we plan on building and shipping this quarter:

  1. Dex – Mix of Uniswap & 1inch along with voting gauges similar to Solidily on FTM with added features to enhance user experience like limit orders. Launch scheduled around end of May
  2. Vaults —Yearn like strategy vaults called uVaults, phase 1 set to launch in the next 10 days
  3. Arcade (first few games are out and we’ll be pushing towards more marketing to get funds bridged from other chains)
  4. Onramp to move fiat funds into the chain along with bridge aggregator to smooth user experience on the chain
  5. Launchpad

With funds already secured to fuel our development efforts, over the next few weeks we’ll be working on a marketing push for the upcoming products. I’ll be writing in more regularly along with linking our medium posts which lay out our future plans.

– Bonsai

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Been following the project for a few months and I have to say well done on the EVO launch.
Keep uniting!

Cool project, glad you’re making progress!

Hey guys, just wanted to check in and give a quick overview of our recent progress!

Metrics/achievements since last update

  • With the efforts of our awesome community along with DAO buybacks, our pegged-to-$ONE coin $UNITE has made a stunning recovery of over 30% returns to bring the peg back to a consistent 0.9+ compared to a TWAP of 0.6 when we posted last. We are all set for the next phase of this seigniorage protocol.
  • Our Arcade beta has undergone extensive testing and so far we have been able to successfully handle bets of over $50,000 USD value! We are in the process of making the games public in the coming weeks.
  • We have a new GameFi project launching on the Unite LaunchpadDefiTheGods is a MMORPG on Harmony which is looking to raise $200,000+ USD. The sale starts today and we are extremely hyped about this one.
  • Our very own GameFi development is going steady with a launch timeline set to be announced soon along with a small public proof of concept alpha!

Smart Contract Development Updates

  • We have a new game, Coin Flip, currently under development. Expect a beta launch on our Arcade in ~2 weeks from today.
  • uVaults has been deployed on the Mainnet and we are testing it extensively. In case everything goes well with the tests, we are looking at a soft launch this week starting with Sushi and Tranquil auto compounding vaults with zero percent fees
  • There has been significant progress on the Dex development. Our feature addition is now complete and we’ll be starting with the testnet deployment process soon. Dex is expected to launch 2-3 weeks from now and we are also planning on submitting a funding proposal to raise funds for initial liquidity. (Btw it’s not gonna be just a pancake swap fork… We have identified a key gap in Harmony’s ecosystem which the Dex tries to solve…More info about this will be in our funding proposal! :eyes:)
  • Our integrated BNB/ETH bridge development is complete and ready to be deployed on mainnet. It already aggregates liquidity from Horizon Bridge SDK and will be expanded to include more multichain routers which support Harmony.
  • We have successfully secured credit card onramp by Transak. This has been integrated in our platform & a public beta is out here (we are still working on improving the experience)

Frontend Overhaul & Plans for Funding
Our next major landmark is a major overhaul of our frontend that will streamline our multiple products, and provide a simpler unified experience for our users. We are bringing together all our experience of the past few months in building various DeFi products for Harmony to create a smooth, cutting-edge interface that can be used to interact with both our already existing products, as well as the upcoming new additions to the Unite ecosystem.

We are planning the launch of this next-generation update such that it coincides with the launch of our funding proposal on Harmony Talk, which will go into more detail of our vision of creating a one-stop DeFi hub. We are very excited about this, and can’t wait to share more soon!

What’s next?

  • Unite Migration to our protocol owned liquidity & start of transition to revenue backed expansion for $UNITE
  • Major frontend upgrades & branding overhaul
  • Funding proposal launch
  • UVaults Emissions & Tokenomics
  • Dex launch
  • Other items on our roadmap

Until next time,
Bonsai :blue_heart: :facepunch:

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Hello everyone! Here’s a quick update about our progress:

  • GameFi POC is ready
  • UVaults are now live in beta
  • Our complete overhaul is more or less ready and we plan to go live in the coming two weeks
  • We are ready to begin LP migration of Unite-ONE & USHARE-ONE LPs

Here’s a bit about our latest product: uVaults (Autocompounding Vaults on Harmony)
uVaults allows you to auto-compound your returns with absolutely ZERO* fees! :exploding_head: We have already added the top performing pools from SushiSwap (for the FIRST time on Harmony) and Tranquil Finance to uVaults . These vaults have NO fees on deposits and just 0.1% withdrawal fee (to prevent bots) . And for a limited time you can enjoy 0% fees on your auto-compounding profits.
You can check them out here

You’ll be hearing from me soon as our development progress, we have a lot more in store :slight_smile:

Until next time,
Bonsai :blue_heart: :facepunch:

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