Proposal to Upgrade UniWhale’s ($UNW) Liquidity Pair for Farm Rewards from v2 to v3

Upgrade of UniWhale’s Liquidity Pair for Farm Rewards from v2 to v3

We are proposing to shift UniWhale’s Farm rewards from the current UNW-BNB v2 LP to the new UNW-BNB v3 LP.

We believe that transitioning to the UNW-BNB v3 pair will further incentivize the liquidity for the UNW token, and support healthy trading volumes for PancakeSwap. As a result of the concentrated liquidity model, the same amount of liquidity in v3, compared to v2, can support significantly larger trades.

For example, for a $500 trade, with a liquidity of $200,000 in the pool, v3 is about 8x more efficient than v2. (Assuming the v3 liquidity was added across a price range of +/- 25% of the current UNW price.)

The New Farm:

The proposed new Farm will have doubled emissions for the first 7 days. For example, if the v2 farm is emitting 10 CAKE per day, the proposed v3 farm will emit 20 CAKE per day for the first 7 days and 10 CAKE per day thereafter.

Other differences are the change of the liquidity pair and moving from the v2 farm to the v3 farm.

Previous v2 Farm:

• Stake UNW-BNB LP, earn CAKE
• 0.2x multiplier
• 8 CAKE per day

New v3 Farm (0.25% fee tier):

• Stake UNW-BNB LP, earn CAKE
• 0.4x multiplier (0.8x multiplier for the first 7 days)
• 16 CAKE per day for the first 7 days and 8 CAKE per day thereafter

In the future, the farm will be re-adjusted to a 0x multiplier unless the following metrics are comparable with other 0.4x multiplier farms: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues or concerns related to users’ safety and security.

What is UniWhale?

UniWhale is an oracle-based decentralized perpetual exchange, where users can trade BTC, ETH, and other top cryptocurrencies with leverage.

What is $UNW?

From the team: “UNW is the utility token of the UniWhale ecosystem that can be traded and transferred. UNW allows users to stake and participate in the distribution of its trading fee revenues and token emissions.

Users can convert UNW into esUNW (Governance token). With esUNW, users can participate in the project's governance.”

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The official UNW token contract address on Binance Smart Chain is:

https://bscscan.com/token/0x5b65cd9feb54f1df3d0c60576003344079f8dc06

​Any other UNW token will be a scam. Always verify the token address before buying tokens. If you receive a UNW token airdrop from another address, it’s probably a scam, and we advise you to ignore it.