Unite Finance

Unite Finance was inspired by tomb.finance and is the first algorithmic stable coin on Harmony Mainnet, pegged to the price of 1 ONE via seigniorage. Tomb runs on the Fantom blockchain and is pegged to 1:1 to the price of FTM. Tomb Finance has been a great success and our team realized the need for an algorithmic stable coin pegged to ONE on Harmony.

Unite Finance is a multi-token protocol that consists of the following three tokens:

– Unite Token ($UNITE) (Medium of exchange)

– Unite Shares ($USHARE) (Governance & Measure of protocol value)

– Unite Bonds ($UBOND) (Change Unite supply during contraction periods)

The Unite algorithmic token serves as the backbone of our growing ecosystem aimed at bringing high APRs to ONE holders on the Harmony Network. The protocol’s underlying mechanism dynamically adjusts UNITE’s supply, pushing its price up or down relative to the price of ONE in order to keep UNITE’s peg to the ONE price.

Unite Shares (UShare) are one of the ways to measure the value of the Unite Protocol and shareholder trust in its ability to maintain Unite close to peg. During epoch expansions the protocol mints Unite and distributes it proportionally to all UShare holders who have staked their tokens in the boardroom.

UShare holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Unite ecosystem and launchpad.

Unite has an autocompounder built in to stake and compound your rewards hassle free.

Unite Bonds (UBOND) main job is to help incentivize changes in UNITE supply during an epoch contraction period.