Universe Finance Set to Launch IDO from February 15 to February 18

Universe Finance, an active liquidity management platform of Uniswap V3 based on risk ranking and quantitative strategies, is set to launch its initial DEX offering (IDO) from February 15 to February 18, 2022. According to the company through its Twitter account, the IDO for its $UNT token will take place on Poolz, CopperPlatform, BreederDoDo.

Notably, Universe Finance has scheduled the CopperPlatform IDO to start on February 15, while BreederDoDo and Poolz on February 18.

Security is a key aspect for the DeFi ecosystem that most investors look at, for that case, Universe Finance has been audited by established security firms including Certik, and PeckShield.

Besides, the company has made notable partnerships with other blockchain-based companies including Instadapp, Polygon, Olympus, DODO, Tetu.io, Stake with the US, Poolz, Biconomy, and Defillama.

However, the partnership with the polygon network crowned its achievement in the past 12 months. Ahead, the firm anticipates making notable partnerships with more leading blockchains. Additionally, the company aims to manage approximately $1 billion Uniswap V3 liquidity in the next 12 months. The striking of all the missions for the next 12 months is the vision to leverage farming on Polygon and Ethereum networks.

The two networks have shown resilience in the decentralized financial ecosystem for the past two years. However, competitor blockchain networks that are focused on smart contract capabilities have scaled in the past 12 months.

Universe Finance and Uniswap V3

The team behind Universe Finance intended to solve the challenges that came with the upgrade of Uniswap dubbed Uni V3. Although liquidity providers (LPs) have more avenues to make a profit, challenges include high risks, high cost, rebalancing issues, reinvestment protocols, and hedging.

The company came up with a technical approach to solve the challenges in the Uniswap V3. Among them is the Universe backtesting platform.

“Universe Backtesting is the first LP revenue backtesting system on Uniswap V3 with accurate on-chain data, granularity of block-level backtesting, flexible self-defined parameters, and robust strategy analysis indicators. It can help users understand the benefits and the risks of Uniswap V3 LP easier and customize the LP strategies,” the firm notes.

Additionally, the company developed a multifactor quantitative financial model that solves issues including high risk, high cost, rebalancing problem, extreme market situations, and high loss value.

The firm chose Uniswap for its notable features including the lowest slippage among existing decentralized exchanges. Having developed the protocol at large last year, 2022 has more in store including enabling DAO governance and more cross-chain.

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