UNION is thrilled to announce its Double Incentives pool deployment on Balancer. UNION Finance is excited to work with the Balancer Community and bring UNN to its decentralized exchange. This significant milestone testifies to the value we share with the greater DeFi Community. The UNN token will be listed starting October 11th, 2021.
Balancer is an automated portfolio manager, liquidity provider, and price sensor. As a leader in the crypto space, The Balancer Protocol is a core building block of DeFi infrastructure. UNION’s full suite of bundled protection products extends across multiple protocols, incorporating protection in both technical and economic risks as well as protection in situations where multiple protocols are involved. Under the partnership, UNION’S token will be listed on the Balancer platform, and the teams will explore opportunities to leverage UNION’S offerings for collateral optimization and composable DeFi event risk mitigation within the Balancer protocol and Community.
UNION will deploy an 80/20 UNN/WETH pool on Balancer on 11 October 2021 at approximately 00:00 UTC. Both Balancer and UNION will be supporting the pool with Liquidity Mining Incentives. Initial Liquidity Providers will be rewarded with 250 BAL and 375,000 UNN per week.
“We are extremely excited to be working with Balancer Labs. We also greatly appreciate the opportunity to extend our protection products to their community,” said Michael Beck, UNION’s project lead.
About Balancer
Balancer Protocol allows for automated portfolio management and providing liquidity turning the concept of an index fund on its head: instead of paying fees to portfolio managers, you collect fees from traders who rebalance your portfolio by following arbitrage opportunities. Developers leverage Balancer as a permissionless building block to innovate freely and create new treasury management systems. Balancer Lab’s mission is to become the primary source of DeFi liquidity by providing the most flexible and powerful platform for asset management and decentralized exchange.
About UNION
UNION is a technology platform that allows DeFi participants to mitigate their risks in transacting against smart contracts and protocols. UNION’s DeFi protection brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem, decreasing the entry barriers for retail users and laying critical foundation for institutional investors.
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Disclaimers
1. This announcement is for informational purposes only and is not an offer to participate. Never send virtual assets to a smart contract you cannot afford to lose. This announcement does not constitute financial advice.
2. UNION is not an insurance company and UNION does not sell policies of insurance.
3. UNION is not an issuer of CDOs.
