Understand UnUniFi in three minutes: unleash the potential of NFT on cross-chain L1

Provide services for NFT-Fi infrastructure.

Original title: "UnUniFi: Unlocking the Power of NFT-Fi on our Cross-Chain Layer 1 Blockchain"

Written by: UnUniFi Protocol

Compilation: Uncle Red Army

What is UnUniFi

In the context of the rapid development of blockchain technology, the integration of non-fungible tokens (NFT) and decentralized finance (DeFi) has given birth to the possibility of innovation. UnUniFi, a blockchain focused on this field, aims to revolutionize the development of the NFT-Fi field by providing a fast, open and interoperable smart contract Layer 1 blockchain.

With its cross-chain capabilities and a robust set of dApps, UnUniFi is ready to unleash the full potential of NFTs and DeFi. UnUniFi believes that the concept of "NFT-Fi" includes the important technical expansion of DeFi technology and the pioneering exploration of the practicality of NFT.

Let's take a deep dive into what UnUniFi is at its core and the core services it provides.

First, let's identify the current problems with NFT-Fi platforms:

• They are very specific to PFP or art-based NFT holders, sometimes even limited to specific NFT collectibles, usually locked on specific blockchains.
• They are not scalable and efficient, rely on oracles, and cannot serve large-scale institutional interests.
• They fail to address DeFi use cases, or cater to DeFi skilled traders looking for alternative capital efficient strategies.

Layer1 blockchain built for NFT-Fi

UnUniFi differentiates itself from other NFT-Fi platforms by addressing the limitations and challenges faced by existing solutions. As a layer1 blockchain based on Cosmos sdk, UnUniFi ensures scalability, speed and cross-chain interoperability, making it an ideal NFT-Fi center for Cosmos and other blockchains.

Its industry-specific design specifically serves NFT-Fi infrastructure, providing a solid foundation for developers and users. UnUniFi's NFT-Fi infrastructure will support any NFT asset, expanding the current NFT ecosystem by natively integrating with any existing marketplace, dashboard, aggregator, etc.

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Overview of the construction and organization of Layer1 of UnUniFi

UnUniFi's Core dApps: Driving the NFT-Fi Experience

UnUniFi provides a series of core dApps that enable users to explore the possibility of cross-chain NFT-Fi. They also serve as the foundation of the UnUniFi ecosystem, allowing external third-party developers to create additional dApps and smart contracts as extensions of NFT-Fi functionality.

Let's take a closer look at the three core dApps that form the foundation of UnUniFi's NFT-Fi infrastructure:

1) NFT Backed Loans

UnUniFi's NFT-backed lending dApp allows users to stake their NFT assets as collateral for liquidity, while providing fast, efficient, cross-chain matching between borrowers and lenders.

UnUniFi's unique lending model offers advantages such as low transaction fees, competitive valuation and support for any NFT. Cross-chain matching can also realize cross-chain liquidity aggregation.

Finally, UnUniFi's oracle-less valuation mechanism protects retail users from price manipulation and provides rarity-related valuations based on real-time demand data. This mechanism creates a reliable and scalable NFT valuation service for retail users and institutional users.

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Advantages of the current NFT lending model

2) Cross-chain revenue aggregator

UnUniFi's Interchain Yield Aggregator dApp enables users to maximize their returns by automatically routing their capital to various DeFi protocols and optimized yield generation strategies (Auto DeFi Yield). Users can choose to use their own assets or even assets issued from NFT loans.

Through seamless integration with third-party protocols, UnUniFi empowers users to take advantage of diverse DeFi opportunities and create capabilities that promote cross-chain interoperability through unlimited third-party policy creation. Developers will be able to earn commissions for their strategies, incentivizing competitive strategy development on UnUniFi while increasing the number of strategies available to users.

3) Derivatives

UnUniFi's Derivatives dApp enables users to participate in innovative DeFi trading opportunities while maintaining integration with the NFT ecosystem.

Users can engage in derivatives trading, hedging, speculation and risk management opportunities from the same dashboard where NFT-backed loans are serviced (users can even trade using assets issued from NFT loans).

Created through the improved GMX model, LPs are stabilized, making it less likely for liquidity providers to lose money, and larger positions can be serviced.

In addition, users can use NFT's price index perpetual contract or convert the position of perpetual contract into NFT for NFT-backed loans, further integrating NFT and DeFi experience.

3 dApps integrated in one user experience

Together, these core dApps constitute a pioneering exploration of the intersection and relationship of NFT and DeFi, laying the foundation for wider adoption of NFT-Fi in the future. The launch of these dApps as a collaborative infrastructure will allow retail users unprecedented opportunities to participate in transaction scenarios.

For example, users can utilize NFT-loaned assets to participate in cross-chain yield farms and perpetual swap transactions, seamlessly through a unified and user-friendly interface.

UnUniFi's platform has been thoughtfully designed to prioritize accessibility, ensuring retail users can easily navigate, engage and reap the benefits of NFT-Fi opportunities.

Scalability: Nurturing the Future of NFT-Fi

UnUniFi's industry-specific blockchain is designed to enable external third-party developers to create additional dApps and smart contracts as an extension of NFT-Fi's functionality. This is just the beginning of NFT-Fi adoption and utility, and we expect a wide variety of NFT-Fi applications to emerge in the future.

For example, NFT-backed lending dApps could expand their functionality through third-party development, including use cases such as tokenized DeFi positions, automated bidding pools (enabling automated bidding on specific NFT collectibles in a native module), and non-collateralized borrowers of loans and receivables via NFT-Fi.

UnUniFi's Interchain Yield Aggregator dApp can be extended to service use cases such as Automated Market Maker (AMM) liquidity pool farming, DAO VC, and centralized asset management services in external chains. These are just a few examples that represent future scalability and exciting possibilities in the NFTFi space.

in conclusion

With the continued growth of L1 and L2 chains, the rise of modular blockchain ecosystems, and interoperability-enabled blockchains, UnUniFi is positioned as the pioneering infrastructure layer for NFT-Fi across all chains. UnUniFi's industry-specific blockchain exists at the intersection of NFT and DeFi, aiming to improve the current NFT-Fi experience and scale future user adoption.

With its cross-chain capabilities, optimized smart contract layer 1 blockchain, and core dApps such as NFT-backed loans, derivatives, and cross-chain yield aggregators, UnUniFi empowers users to unlock the true potential of NFT-Fi technology. By bridging the gap between NFT and DeFi, UnUniFi opens the door for innovation, liquidity and cross-chain cooperation.

Whether you're an NFT enthusiast, a DeFi user, or a developer looking to leverage its infrastructure, UnUniFi is an exciting frontier to explore and grow in the rapidly evolving blockchain space.