Hello UwU!
Introducing UwU Lend, a new money market protocol on Ethereum with strong revenue sharing, tokenomics, and exciting new products being released very soon!
UwU Lend is not a DAO and therefore not subject to governance friction or slow results. Emissions can be targeted towards assets that protect protocol solvency while offering markets for some exciting coins not listed elsewhere. Earned UwU tokens are strongly incentivized to be used for liquidity, as the vast majority of revenue is provided to UwU-ETH Liquidity Provider lockers!
UwU Lend does not require long term locking to earn great APRs. LPs are only locked for eight weeks. UwU emissions directed to lenders and borrowers are vested for four weeks but may be claimed instantly for a 50% penalty. That penalty is given to LPers as a bonus!
We will be introducing vaults within weeks that allow leveraging interest bearing assets for much higher returns, so stay tuned!
How Does UwU Lend Work?
All users of the protocol receive rewards. Lenders earn interest and emissions on deposits while borrowers pay interest and earn emissions. This provides the ability to free capital against assets users are planning to hold for utilization in other investments, leveraging, or expenses. Outstanding loans have more collateral backing them than debt, known as over-collateralization. This eliminates the risk of non-payment for depositors. The UwU treasury earns a small amount of fees to cover bad debt in the event of extreme volatility. Borrowers do not have a repayment schedule with no limit on loan duration.
Borrowers and lenders receive emissions in the form of $UwU tokens, which accumulate automatically and can be claimed via the claim option on the dashboard. Claiming will start the four weeks vesting process, which is grouped in week-to-week blocks. Any $UwU vested between Thursday 00:00 UTC to Wednesday 23:59 UTC will be grouped within the same weekly block, and will release at the same time, four blocks (28 days) later.
UwU tokens can also be claimed at any time before the vesting period has ended. A penalty fee of 50% is deducted and then distributed as rewards to LP stakers.
How to Use UwU
The main usage for UwU tokens is for participating in revenue share by staking in the LP pool. Paired with ETH and added as liquidity on Sushi, the user receives the UwU-ETH LP token, which can be staked on the dApp. The UwU-ETH LP token can be placed into a smart contract and locked for sixty days. While in this contract, users receive revenue share in the form of all protocol-supported assets (wETH, DAI, FRAX, etc.) as well as the 50% early vesting penalties from other platform users. A total of 80% of platform revenue is shared with the LP. Accumulated revenue share tokens can be claimed at any time, without lock or vesting.
At the end of the sixty day period, locked stakers may withdraw the locked UwU-ETH LP tokens back to their wallet, or leave them in the contract for continued revenue share.
Tokenomics
The max supply for $UwU is 16mm tokens, of which 50% are community emissions, 25% are for investors, and 25% for the team. For vesting schedule, please refer to the graphic above.
Learn More
Want to learn more about UwU Lend? Find more information in the links below!
