The biggest problem that this project has currently is liquidity. Simply put, low liquidity equals high slippage which results in low amounts of transactions and low APR. Currently BSC has the most liquidity but the top token UNFI has less than $500k liquidity. As of now you are better off purchasing UNFI on a centralized exchange if you were going to make a large purchase.
Would a whale make a purchase on the platform? Could a whale make a purchase on the platform? Also, anyone who claims their UNFI rewards with the intent to sell the token is better off sending the UNFI to an exchange w/ better liquidity then trading on the platform due to slippage. This creates a hole in the closed loop system.
Clearly this is a problem but what are the possible solution?
The ideas that I would like Unifi to explore:
1)Unifi provides liquidity for UNFI on ETH & BSC blockchain; 100% of the UP rewards received by the team are then redeemed to purchase more UNFI for liquidity pairs or just 50% of UP rewards redeemed go back to developers, and 50% back into liquidity pairs.
This referendum is to bring attention and open up discussion around this issue & to eventually have the Unifi Team submit a core referendum to have a final solution provided.