Introducing UTS token

Governance UIP
1

Unitus Tokenomics

Tokenomics of UTS

Unitus Finance has reimagined its tokenomics to reward long-term capital contributions over short-term, mercenary liquidity. It features incentives for both supply and borrowing activities and offers enhanced rewards for those who stake LP tokens, encouraging participation in LP token liquidity.

Unitus Finance introduces the UTS (Unitus Token) as the governance token with the following specifications:

  • UTS (Unitus Token) serves as the governance token for Unitus.
  • DF will be paired with UTS, and a portion of dForce’s treasury income will be allocated to acquire DF/USX liquidity.
  • UTS tokens will receive liquidity support from DF, and DF buyback Initiatives will extend to UTS tokens.
  • Treasury funds will be earmarked for minting USX and purchasing DF/UTS liquidity in the market.

Allocations

The UTS total supply is 1,000,000,000 with the following distribution:

  • 15% for DF stakers.
  • 15% for the Unitus Core Team.
  • 25% for the Unitus Treasury.
  • 45% for Community Pool, including liquidity mining for deposits and borrows within Unitus, as well as bonded LP tokens like UTS/DF and UTS/USX

Stage 1 (Guided Launch) Liquidity Mining

Supply and Borrow on Unitus

  • Eligible Interaction: Users are required to lend (deposit or borrow) assets and provide liquidity (UTS/DF and UTS/USX) to participate in farming.

  • Weightings: Users who both supply or borrow assets and provide liquidity in UTS/DF or UTS/USX pairs on designated DEX platforms are eligible for enhanced liquidity mining factors.

  • Fee Distribution: to be determined at stage 2.

  • General Rules:

    • Supply or borrowing activities are subject to the distribution rate of each eligible asset.
    • Providing liquidity in UTS/DF or UTS/USX pairs is optional in this stage, but those who choose to provide liquidity may receive higher rewards for their liquidity mining efforts.

  • UTS Distribution Calculation:

    • LP assets, which include UTS/DF and UTS/USX, are not locked. Different pairs are assigned different mining weights, which can be configured as follows:
    Items Name Value
    UTS/DF f1 10
    UTS/USX f2 5
    Weighted Cap w_CAP 1

  1. The formula for distribution calculation is as follows:

    UTS/DF = BLP1 value in $

    UTS/USX = BLP2 value in $

    weighted_lending = weighted supply OR borrow in $
    weighted_BLP = (BLP1 * f1 + BLP2 * f2)
    if weighted_BLP > w_CAP * weighted_lending
    weighted_BLP = w_CAP * weighted_lending
    weighted_total = weighted_lending + weighted_BLP

    The distribution of UTS is according to weighted_total

  • Snapshot:
    • User snapshots are taken at random intervals throughout the day, with a minimum of 2 snapshots and an interval between 6-18 hours, up to 6 times. The time interval between two snapshots defines the duration of the earlier snapshot’s weight.
  • Distribution (non-smart-contract-based):
    • Distributions occur weekly. Data is recorded on-chain, and users claim their rewards manually.
    • Users can use the same interface to claim, and each claim includes all earned rewards.

Stage 2 (Cruise Launch) Liquidity Mining

Stage 1 liquidity mining will continue for 1-2 months before transitioning to fully on-chain liquidity mining (without snapshots) and introducing a mandatory LP liquidity threshold.