Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
The UDEFI ecosystem consists of numerous decentralized cores that can work simultaneously with equal efficacy. This is quite similar to a several-core computer processor along with the addition of new cores constantly
The decentralized finance (DeFi) market has come a long way registering explosive growth over the last year. However, with multiple Defi applications in the play, it is important to build an efficient throughput to the system that can deliver tasks with equal efficacy and efficiency.
The UDEFI ecosystem consists of numerous decentralized cores that can work simultaneously with equal efficacy. This is quite similar to a several-core computer processor along with the addition of new cores constantly. The UDEFI decentralized ecosystem is completely self-subsisting and can flourish further with real businesses at its core.
The UDEFI ecosystem also facilitates contrasting industry sectors. The decentralized digital infrastructure also allows for two different types of token procedures: UGG and UDC. The UGG token is available on different decentralized exchange (DEX) platforms. While the Universal Decentralized Coin (UDC) works in different arithmetic and transaction services.
The ecosystem also comprises decentralized exchange UDEX that works on the Ethereum blockchain network. UDEX is an automated market maker (AMM) that stores liquidity while establishing markets on some predetermined computational services. This AMM aims to ensure liquidity irrespective of the demand size and the cash pool.
In most of the AMMs, the market makers avoid the uniform algorithm while demonstrating the new rates for future trades. Recent AMMs like UDEX can manage slippage profits by employing the equilibrium of numerous swap regulations. The official announcement notes:
“High competition among arbitrageurs would force the traders to exchange trade at a lower revenue price which will ultimately signify the liquidity provided by the distributors. The swap charges will also be reduced to 0% in the coming days to ensure the availability of substantial competitive market rates. The referral fee is introduced to incentivize the integration of digital wallets and services”.
UChain: Coupling Several Decentralized Databases
UChain acts as a decentralized motherboard that couples several layers of technology and decentralized databases. The era of modern blockchain solutions presents several use cases like lighting network technology, privacy protection technology, distributed storage technology, sharing technology and cross-chain transaction technology, etc.
Being decentralized UChain bring together a systemative arrangement that can resolve current blockchain issues in much detail. “UChain is a systematic distribution of network having a number of layers including L1, L2, L3, L4 analytically representing a tree structure. The traditional public blockchain is continuously evolving”.
The UDEFI ecosystem has its own decentralized video streaming app for smart and live video content using UChain. By combining several layered Uchain and decentralized databases, the implementation of decentralized money happens on UChain.