Thread by @Cryptovoxam

🎈🎈🎈

✔ @DefiLlama made our life much easier with his Swap aggregator..

🆕 What if I told you there is a team building a
PERPETUAL DEX AGGREGATOR?

Enter: @UniDexFinance 👀🧵

In this thread you'll learn:

▫ What is @UniDexFinance and what they're trying to solve.
▫ Why traders would choose Unidex over other platforms
▫ What's on the Roadmap
▫ Who are building UniDex
▫ Investment analysis

@UniDexFinance is a DeFi platform that aims to become a hub for traders where they can access the best rates for financial instruments.

They envision it as a platform similar to NASDAQ, a global marketplace for trading DeFi assets and derivatives.

In the long term, they plan to offer a range of trading tools to support this vision, including:

🔸 Options Aggregation
🔸 Swap Aggregation
🔸 Perpetual Aggregation
🔸 Cross-chain Trading
🔸 Exotic leverage trading pairs
🔸 Advanced Analytics

UniDex provides 3 main advantages over other individual perp platforms in DeFi:

1️⃣ Leverage trades are aggregated and orders are executed against the best rate against multiple leverage protocols, such as @GMX_IO and @GainsNetwork_io
(Complete list here 👇)

2️⃣ Any trading pair is supportable on the platform. Stocks, crypto, indices, and more are all available to the user.

3️⃣ Shared liquidity. All assets trade against a single pool which allows uncommonly traded pairs to offer deep liquidity.

Roadmap 🚧

This is what you're going to find if you check their website, but the most interesting things are on their latest Mirror updates

1️⃣ They’re going to deploy the leverage protocol on multiple new chains in preparation for the upcoming perp aggregator & app chain:

🔸 Canto
🔸 ZkEvm
🔸 Arbitrum
🔸 Avax
🔸 Polygon
🔸 ZkSync (👀)

2️⃣ UniDex Perpetual V3

It's going to be un upgrade on the protocol with a completely new terminal + perps aggregation.

It's important to note there will be no extra fees for aggregation!

3️⃣ Other cool stuff they are working on:

🔸 Options Aggregation
🔸 Orderbooks for the App-chain
🔸 New crazy trading pairs

Team

They are fully doxxed, as you can see on the image, and @kishanamin97 is the founder.

We have understood that UniDex is going to be massive if they deliver their promises, but often a good project isn't a good investment.

SPOILER: That's not the case, let's analyze it!

TOKENOMICS

Total Supply: 4'000'000 UNIDX
Circulating: 3'500'000 (87% of TS)

Market Cap: $27M
FDV: $30M

Why you should hold $UNIDX?

Protocol fees are extracted from trades and liquidations, and 50% are distributed to token holders weekly
That's great, but nothing new right? 👇

WRONG!

If you don't like locking your tokens or vesting your rewards, @UniDexFinance has a solution.

Fees are distributed to token holders without staking required, you just need to hold it and rewards will be airdropped to your wallet!

But what, where, how??

You can choose which chain and token to have your reward distributed in, maybe you prefer USDC on Polygon, or maybe you go for ETH on Arbitrum, the choice is yours!

STATS

One of my favourite stat to check if a #RealYield project is undervalued or not is the P/F ratio (basically the lower the better).

As you can see for $UNIDX it's quite high, especially if we compare it to $GNS (9x) or $GMX (5x).

Also, daily active users and volume are low at the moment.

But TVL is growing since May '22, finally a positive one.

I think the reason behind these bad stats is that UI and UX aren't good enough, traders simply prefer other platforms to operate.

But with perpetual aggregator coming, I can see volume, users and especially fees flying.

CHART

$UNIDX has been #UpOnly since mid October, hard to find entries!

I won't suggest any price, but I can tell you I hope in a pullback so I can load more!

Useful links:

Website: unidex.exchange

Docs: unidexexchange.gitbook.io/unidex/

Dune Dashboard: dune.com/shogun/unidex-…

Dexscreener: dexscreener.com/ethereum/0x368…

And that's it, I hope you've found this thread helpful.

Follow me @Cryptovoxam for more.

Like/Comment/Retweet the first tweet below to support me:

https://twitter.com/Cryptovoxam/status/1627345015046574080

Tagging some of the best accounts on CT that might be interested (btw, give them a follow!)

@rektdiomedes
@jake_pahor
@Only1temmy
@LouisCooper_
@crypthoem
@CryptoKaduna
@ArbiAlpha
@defi_mochi
@TheDeFISaint
@ViktorDefi
@ThorHartvigsen
@Chinchillah_

@thedefiedge
@CryptoGirlNova
@1_Point_618
@alpha_pls
@DAdvisoor
@Route2FI
@cryptocevo
@arndxt_xo
@thelearningpill
@SmallCapScience
@TheDeFinvestor
@Dynamo_Patrick