Unicrypt Network, a blockchain platform aiming to introduce revolutionary solutions to DeFi, has resonated with crypto users due to its forward-thinking tech.
Unicrypt integrates a user-friendly UI, enabling crypto enthusiasts to view, track and manage multiple liquidity pools present in the protocol. The DeFi project has seen massive adoption and has just finalized deployed token vesting options on ETH, xDai, Polygon, and BSC.
The distinct, autonomous ecosystem provides an ever-growing suite of unique services such as yield farming, token vesting, and staking. The multi-chain decentralized protocol recently unveiled its decentralized Launchpad that allows new projects to hold their presale without any potential bottlenecks.
The Unicrypt Liquidity Locking Service
Unicrypt provides options that allow developers to lock a certain amount of liquidity on Uniswap and other automated market makers (AMM) for a specified time. The project backers can not withdraw that liquidity until the end of the predetermined lock period.
Dev teams are usually granted liquidity provider tokens (LP tokens) when listing their tokens on DEXes such as Uniswap when they initiate a pool. The developers can then transfer these LP tokens like any other tokens on the blockchain where they were minted or transferred from another chain via bridges.
Unicrypt liquidity lockers enable developers to store their LP tokens in a smart contract, revoking their permission to move the liquidity LP from the start date (a start block) to the end date (end block).
This mechanism has become hugely popular amongst investors. It represents the future of DeFi, where users can invest in new projects with trust and information. Locking presale liquidity ensures that developers cannot withdraw the funds until a predetermined date, thus instilling trust in the community by protecting them against rug pulls.
Unicrypt offers a transparent and straightforward revenue model for its lockers services. Investors looking to use the liquidity lockers have to pay a flat fee in ETH, xDai, or BNB, depending on the blockchain they wish to lock their LP tokens. Then, a minimum of 30% of the LP tokens are locked, but developers have the option to lock up to up to 100%.
For larger locks, developers get a second fee option, burning UNCX to receive a discount on the Uni v2 fees. 3400+ projects currently trust Unicrypt and recently crossed $500M in total value locked with their services.
What Makes Unicrypt Liquidity Lockers Stand Out?
Unicrypt has been leaving the competition in the dust by providing the best opportunities for crypto investors and upcoming DeFi projects. While several liquidity locking services and smart contracts exist today.
Unicrypt will consistently be recognized as the pioneering protocol to integrate the locking concept into its platform.
Since the Unicrypt team invented the liquidity locking concept, they have deployed a new smart contract dubbed LockersV2 on the blockchain. The smart contract is responsible for locking all Uni v2 liquidity tokens and carries unique features that aren’t supported by any other locking contracts on the DeFi space.
These unique features include Lock Splitting, Incrementing Locks, Transfer of ownership, and UniSwap v3 migration which guarantees that developers cannot withdraw funds before the set lock period ends. The Unicrypt team also recently completed support for PancakeSwap v1 to v2 migration for liquidity lockers.
