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What is Unifi Protocol DAO (UNFI)?
Unifi Protocol DAO (UNFI) is the governance token of the Unifi Protocol, a suite of decentralized finance (DeFi) applications built across multiple blockchains. UNFI token holders participate in protocol governance and unlock various benefits within the Unifi ecosystem.
Key Features of Unifi Protocol DAO (UNFI)
- Multi-Chain DeFi Suite: Unifi Protocol offers various DeFi products, including a DEX (Uniswap Fork), margin trading, token locker, and more, all functioning on multiple blockchains.
- Protocol Governance: UNFI token holders have voting rights on proposals shaping the future development of the Unifi Protocol.
- Staking Rewards: Users can stake UNFI tokens to earn rewards and potentially gain additional benefits within the Unifi ecosystem.
- Discounted Fees: UNFI token holders might enjoy reduced fees on certain Unifi Protocol applications (not fully confirmed by CoinMarketCap).
Uses of Unifi Protocol DAO (UNFI) Token
- Voting Rights: UNFI holders can vote on proposals regarding protocol upgrades, fee structures, and other crucial aspects of the Unifi ecosystem.
- Staking Rewards: By staking UNFI, users can earn rewards in the form of additional UNFI tokens.
- Potential Fee Discounts: UNFI token holders might receive reduced fees when using specific Unifi Protocol applications