Uniwhale Exchange Arbitrum Launch
Cross-chain expansion of Uniwhale’s perpetual trading platform cross-chain expansion to Arbitrum (previously launched on BSC). Early liquidity providers can earn boosted token rewards.
DETAILS
- Launch Details
- Uniwhale is a perpetual trading platform allowing users to trade crypto assets with up to 200x leverage
- For its launch on Arbitrum, early ULP (liquidity providers) will earn a share of boosted $UNW rewards
- Tier 1 – 0-300,000 USDT LP – up to 90,000 $UNW rewards
- Tier 2 – 300,000-1,000,000 USDT LP – up to 265,000 $UNW rewards
- Tier 3 – 1,000,000-2,000,000 USDT LP – up to 465,000 $UNW rewards
- Tier 4 – 2,000,000-5,000,000 USDT LP – up to 915,000 $UNW rewards
- Tier 5 – 5,000,000+ USDT LP – up to 1,333,333 $UNW rewards (capped)
- $UNW rewards will be airdropped linearly over 3 months after the conclusion of the Booster ULP Early Access (no information available on the end date)
- Early withdrawals will result in loss of rewards that have yet to be airdropped
- Uniwhale uses a 3 token model – ULP, UNW, esUNW
- $ULP is the liquidity token – Liquidity providers mint $ULP when they provide liquidity; $ULP can be redeemed any time in stablecoins
- $UNW is the reward & utility token – $UNW can be converted to $esUNW (escrowed UNW)
- $esUNW is the governance token – $esUNW can converted back into UNW by locking $esUNW over 6 months; vested linearly per block
- $esUNW; governance token, will be native only on BSC
- $ULP and $esUNW can be staked to earn a share of the platform’s generated revenue
- Staking will be supported only on BSC, meaning $UNW holders on Arbitrum will have to bridge over UNW for staking
- Tiered referral system, where users receive discount (5-20%) on trading fees and rebates on referrals
- Cross-chain support planned on Polygon, Avalanche
Blockchain
