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 Launchpad – DefiTheGods 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!
) - 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 
6 Likes
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! 
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 
Until next time,
Bonsai
4 Likes
Hello,
It’s been a long time since we have posted but the development efforts haven’t stopped and we are moving in full swing.
Our new frontend is up at https://unite.finance
Recently we disclosed our 5 phased plan for the DeFi ecosystem we are building. We have successfully completed 2/5 phases already and are now set for Phase 3.
We have planned a multiphase approach for rolling out all the products we have been working on for the past few months.
Phase 1: Migration of UNITE/ONE & USHARE/ONE to uDEX LPs. (COMPLETED
)
During Phase 1, all investors will be able to migrate & convert their existing ViperSwap LP tokens to uDex LP tokens. Unite Farms emissions of $USHARE will be moved from ViperSwap LP to uDEX LPs. Keep in mind that during this phase, trading on uDex LP pair will be paused so after completing the migration you will have to wait for trading to be enabled again. This implementation has been done to avoid any losses resulting from high price impact on partially migrated LPs. Expected Timeline: 3-5 days for completion depending on how quickly the migration is adopted. We are aiming for at least 30-40% LP migration for successful completion of this phase.Phase 2: Trading Enabled on uDex UNITE/ONE & USHARE/ONE (COMPLETED
Once trade is enabled you’ll be able to use Universal Zapper to trade on the new uDex LPs. ViperSwap LP rewards in Farms will be paused, and all rewards will be redirected to uDex LPs. Expected Timeline: 1-2 days after Phase 1Phase 3: uDex Token & other token pools launch (STARTED)
In the 3rd phase, we will start emissions of the new uDex token which will be used for incentivizing other pools on uDex. Universal Zapper will be upgraded to a more refined Swap page allowing trading across all tokens. Once this phase has been activated, uDex UNITE-ONE & USHARE-ONE LPs will start receiving DUAL rewards: $USHARE & uDex Token . We expect the uDex token to further enhance the investor interest in UNITE/USHARE LPs due to this dual reward system. Expected Timeline: 4-6 weeks from Phase 2Phase 4: uVault Token & uDex Integration with uVaults
This phase will see the launch of our 3rd token to incentivize liquidity on uVault along with integration of all uDex pools with uVaults. This phase will allow UNITE-ONE & USHARE-ONE LP holders to receive THREE (3) rewards at the same time!: $USHARE, uDex Token & uVault Token. With this we’ll be able to create even deeper liquidity for $UNITE & $USHARE, it’s gonna be a crazy time friends! Expected Timeline: 2-3 weeks from completion of Phase 3Phase 5: Aggregator Dex
Yes you heard that right! uDex will be aggregating liquidity from ALL Dexes on Harmony to provide the most streamlined and capital efficient trading on Harmony chain. A separate department of our team has been working on this for the past few weeks and we are confident that this will be a ground-breaking experience unlike any other! With the launch of Aggregation features on uDex, we’ll be able to bring a lot of eyeballs to all our other features as well. Expected Timeline: 2-4 weeks from completion of Phase 4
The recent VenomDAO’s decision to shut down and many projects deciding to leave the ecosystem, has made us more confident about establishing Unite Finance as the front running DeFi protocol and ecosystem on Unite Finance.
Arcade Game Nights
We continue to host other projects and guests who are still building on Harmony on our community Game Nights where we have a chat while playing on Unite Arcade. Most recently we hosted DeFi Tower an upcoming GameFi on Harmony and it was a really interesting discussion! GameNights of Unite Arcade are held every Thursday so make sure to join in the next one! It’s a great weekly opportunity for our community members to bond together.
Unite’s Proposal to recoveryONE
Unite Finance is commited to DeFi on Harmony. We recently proposed building a smart contract allowing users to stake their depegged assets to mint a new stable coin hUSD (HarmonyUSD), You can find more info about it here: https://twitter.com/TABASCOweb3/status/1565102623887204352
Multisig Setup for Receiving Grant Funds
Unite’s core team along with 3 community members (Jon, Peter & SweetPotato) and 3 Harmony Community DAO members (@Pioneer @Yosep & @ILL_DIE_TRYING) have successfully created a multisig for receiving the approved grant funds. MS Address: one18qnzuhwg23yzhk0kwj79j9udhrm9avuv22e7ht
The received grant funds are to be allocated towards:
- Peg recovery
- Community management monthly payments
- uDEX Dex token initial liquidity
- uVaults token initial liquidity
- Development costs
Unite Finance core team continues to remain optimistic about Harmony’s future. We will continue building and supporting the ecosystem in all ways we can. The community we have built on the chain is something we value a lot and hope to support it with active development for years to come.
Until next time,
Bonsai
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