Exotic Markets goes live on DevNet ahead of March mainnet


Unique Markets raised $5 million in December 2021 because it seemed to launch its DeFi protocol.

The DevNet will enable customers to check the options and helps 5 tokens- Bitcoin (BTC), Solana (SOL), Serum (SRM), Raydium (RAY) and USD Coin (USDC).

The protocol’s mainnet is anticipated to go stay on the finish of March.

Unique Markets, a decentralised wealth administration protocol on the Solana blockchain, went stay at this time, Friday, 18 February 2022 on DevNet.

With this launch, Unique Markets unveiled the first-ever twin foreign money notes and accumulators, permitting for entry to a variety of payoffs for customers inside the rising decentralised finance market.

What’s twin foreign money?

Twin-currency notes make it doable for DeFi contributors to deposit their tokens and in flip earn rewards paid as per the deposited token’s efficiency. Customers searching for diversification can add to their portfolios by leveraging the protocol’s Accumulator characteristic, which helps holders entry given tokens once they hit low value ranges.

The alpha model of the protocol’s expertise additionally permits customers to check its versatile structured merchandise. In mainnet, the pre-packaged investments will present for yields in stablecoins, reasonably than in governance tokens.

In DevNet nonetheless, customers can monitor their investments and even handle swaps, with ease of use enhanced by the platform’s compatibility with common Solana wallets comparable to Phantom and Solflare.

NFT vouchers to greatest and worst performers

Customers can have entry to a real-time leaderboard the place they will observe performances, with the worst-of characteristic permitting worst performers to obtain NFT vouchers as rewards alongside greatest performers and most lively customers.

Initially, the DeFi protocol will assist 5 tokens on its DevNet, together with Bitcoin (BTC), Solana (SOL), Serum (SRM), Raydium (RAY) and USD Coin (USDC). 

As for future plans, Unique Markets targets going stay on Mainnet on the finish of March 2022. It’s going to additionally launch its EXO token.

Multicoin and Ascennsive Belongings led a $5 million non-public funding spherical in December 2021, with the token sale additionally contributed to by Animoca Manufacturers, Morningstar Ventures, Alameda Analysis and Solana Capital. 

Picture credit score: Unique Markets



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