🚀 UrDEX Finance Project Overview 🌕

Apr 17, 2023

🔎 What is UrDEX Finance?

UrDEX is a community-driven project that aims to solve the liquidity problem by enabling disparate forms of liquidity to connect with markets in a decentralized way.

The project offers a comprehensive range of products and services, including a Decentralized Exchange, a Decentralized Perpetual Exchange, yield instruments, an AMM framework and staking, and a Launchpad. UrDEX's unique approach is that it intertwines many decentralized markets and instruments, creating a broader range of network effects.

👉Try out the Testnet of UrDEX Finance here: https://test.urdex.finance/

💻 UrDEX Finance Core Values

UrDEX is committed to bringing the core values:

💎 Fully Decentralized and Non-Custodial

💎 Real yield -> Cash Flow

💎 Zero Price Impact Trades: The platform is powered by Chainlink Oracles, enabling traders to execute trades with zero price impact.

💎 Programmatic Risk Management Mechanism

💎 Innovative liquidity solution

💎 Loyalty Incentives

💎 DAO-Driven

💎 Strategic partners Privileges

💎 Launchpad

UrDEX offers a highly effective risk management solution and an innovative liquidity solution for LPs. Its decentralized, non-custodial, and DAO-driven design ensures a fair and transparent trading experience, while its Loyalty incentives and Strategic partners pool provide additional incentives for users and liquidity providers.

🔑 UrDEX Finance Token Structure

To facilitate community rewards and governance, UrDEX has two types of tokens - URD utility tokens and URO governance tokens.

URD utility tokens can be earned by providing liquidity, trading, or referring new users. These tokens can be used for trading, paying fees, and participating in liquidity mining programs.

URO governance tokens are earned exclusively by staking URD tokens. These tokens enable users to participate in the governance of the UrDEX platform by voting on proposals, determining platform fees, trading incentives, and staking rewards. With the URO governance tokens, the community can nominate contributors, propose new features, and vote on changes to the platform.

☀️ URD Token

URD is the utility token of the UrDEX platform, and it serves a variety of purposes. These use cases include:

💠 Staking: URD holders can stake their tokens in the UrDEX DAO governance system to earn rewards. These rewards are distributed from the protocol's fees.

💠 Protocol Fee: Users who use the UrDEX platform pay fees in URD tokens. These fees are used to fund the DAO treasury, which is used to finance the development of new features and improvements.

💠 Governance: URD holders can participate in the UrDEX DAO governance system by proposing, voting on, and implementing changes to the protocol.

💠 Launchpad: The UrDEX Launchpad allows users to stake URD to participate in token pools and earn URD. The more URD a user stakes and the longer they stake, the more lottery tickets they will be eligible to receive. These lottery tickets can be used to participate in token pools.

💠 Incentive Mechanisms: The UrDEX platform uses URD to incentivize loyalty and liquidity. URD rewards are paid out to users who participate in the UrDEX Loyalty Program and to liquidity providers who deposit their tokens into UrDEX liquidity pools.

☀️ DAO and URO - Governance Token

Token ticker: URO

Total supply: 1,000 URO

Emission: 0.685 URO per day

URO is only obtained by staking URD tokens in the UrDEX DAO.

UrDEX Governance Structure

UrDEX governance is designed to be democratic and transparent. The following are the key aspects of UrDEX governance:

All expenditures, including engineering, will be submitted to and approved by the DAO.

Treasury functions, partnerships, and incentive programs will be submitted to and approved by the DAO.

Nominate contributors. Anyone can petition the DAO to engage new contributors (advisors, community members, professionals) so long as it is in the interest of the majority.

Fees, features, and functionalities. The DAO will propose, control and approve trading fees, fee distribution, the listing of additional crypto assets, integration of new asset categories (forex, indices, synthetics, commodities, etc.), cross-chain expansion opportunities, and other features that are integral to the platform's success.

Security. A bug bounty program and security audits are the cornerstones of operational security.

Other topics or matters that are of operational and/or strategic importance.

The Role of URO Token

URO is the governance token of UrDEX, and it plays a crucial role in the governance of the protocol. The following are the key aspects of the URO token:

💠 URO holders are the de-facto stakeholders of the entire UrDEX ecosystem, including managing and having access to the DAO Treasury funds.

💠 50% of all protocol revenues go to the DAO Treasury, continuously creating value for the DAO participants.

💠 With the exception of 20% reserved for protocol development, 80% of the existing cash balance (BTC, ETH, USDT) within the Treasury is made available for redemption by URO holders.

💠 The DAO proposal is in favor of implementing a redemption mechanism, allowing UrDEX stakeholders to claim Treasury assets such as BTC, ETH, and stablecoins.

💠 URO holders can freely choose to surrender any and all portions of their URO tokens against their pro-rata ownership (the surrender value) of the Treasury’s cash balance, excluding URD tokens.

UrDEX is committed to fostering transparency and democracy in its governance. The UrDEX DAO acts as the Asset Manager and determines the strategic matters of the protocol. URO is the governance token of UrDEX, and URO holders are the de-facto stakeholders of the entire UrDEX ecosystem, including managing and having access to the DAO Treasury funds. The governance structure of UrDEX ensures that the platform serves the interest of its community in perpetuity.

🤝 Backer and Partner

Advisors: Titans Ventures, ArkStream Capital

Marketing partners: PERI Finance, Parami Protocol, xHashtag, TrantorDAO, HatsFinance, Puffverse, Arbitrum Space, Arbitrum Daily, ArbitrumNewsDAO, Gains Associate, etc.

Integration partners: Mises Browser, HatsFinance, Space ID, ParaSwap, etc.

Launchpad partners: BSCStation, Poolz, InfiniteLaunch, MM.Finance, etc.

👉 Register for UrDEX Finance IDO Community Whitelist Here

👉 Check the UrDEX Finance IDO information Here

👉 Check the UrDEX Finance Full Research Here

About UrDEX Finance

UrDEX is a community-driven project that aims to solve the liquidity problem by enabling disparate forms of liquidity to connect with markets in a decentralized way.

The project's architecture provides direct market access to programmatic pools of liquidity, enabling traders to protect their gains with capital-efficient hedging and near-zero market impact. Meanwhile, asset owners can generate passive income on their crypto holdings through a yield-bearing instrument.

About BSCStation

BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap.

BSCStation operates on top of the all main blockchain networks and is designed to offer maximum value to consumers and institutions.

BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.

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