Uniwhale is a perpetual DEX that operates through oracles. It enables users to directly trade mainstream crypto assets like BTC and ETH, with leverage up to 200x. Additionally, users can become liquidity providers and earn yield through market-making and leverage trading.
What Exactly is Uniwhale?
Uniwhale is a decentralized perpetual DEX that operates on an oracle-based system, allowing users to trade popular crypto assets such as BTC and ETH, with leverage up to 200x directly from their wallets. In addition to trading, users can provide liquidity with stablecoins like USDT, USDC, BUSD, and more, and earn yield from market-making and leverage trading as a liquidity provider.
Uniwhale prioritizes objective price oracles and single-sided liquidity to offer a trading experience with zero credit risk and minimize impermanent loss for liquidity providers. By utilizing an oracle-based price execution, Uniwhale guarantees zero slippage, while single-sided stablecoin liquidity ensures zero impermanent loss. The decentralized on-chain trading experience provides zero credit risk.
What is Uniwhale’s Oracle Design?
Uniwhale leverages Pyth Network as its oracle provider for pricing information. Pyth Network is a unique oracle that publishes financial market data to multiple blockchains. It collects data from over 70 first-party publishers, including some of the world’s largest exchanges and market-making firms. Pyth Network uses an “on-demand” model for price updates. This offers several advantages over the traditional “push” model. For example, gas efficiency, high update frequency, low latency, and reliability in volatile conditions. Furthermore, prices are updated only when needed, and every transaction can use a recent off-chain price, ensuring that price updates are incorporated into the valuable transactions themselves.
Where to buy UNW Token
You can find UNW Token here at MEXC! We are listing UNW/USDT in our Innovation Zone!
What is the Price of UNW Tokens?
UNW token is currently trading at $0.1603 on MEXC! It has a fully diluted market cap of $16,025,773. It also has a 24-hour trading volume of $63,486. You can check the live price of their token right here!
How to buy UNW Tokens on MEXC
You can buy UNW Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “UNW” using the search bar to see the available trading pairs. Take UNW/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of UNW you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy UNW] to confirm your order. You will find the purchased UNW in your Spot Wallet.
You can find a detailed guide on how to buy UNW Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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