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Press Release

UniLayer is a multi-chain decentralized trading platform built on top of Ethereum, Binance Smart Chain, HECO and Polkadot that enables key features for professional-level trading with its LAYER utility token, focusing on automated swaps, stop limit orders, staking, yield farming, charts and analytics, live order books, and much more.

The LAYER token

The LAYER token is the native utility token that powers the UniLayer ecosystem. Most of the functions within the UniLayer platform reward LAYER holders for staking their tokens within the platform. This is a common theme that will continue along with the expansion of the platform, bringing further utility to the LAYER token as new features are introduced.

The LAYER token utility

The LAYER token comes with a lot of added utility that seamlessly integrates within the UniLayer platform. Here are some of the added utility the LAYER token offers:

  • Staking rewards for all LAYER holders.
  • 92% of fees from all limit order trades on the platform are distributed to LAYER stakers (platform fees are 0.2% per trade).
  • Stakers receive LAYERX for staking their LAYER (40,000 max supply governance token for UniLayer).
  • 1% of Launchpad fees are distributed to stakers in the form of Ether (ETH).
  • MakiSwap (HECO), staking and farming. LAYER stakers earn fees from limit orders on other chains.

UniLayer has recently announced the launch of its own automated market maker and yield farming platform MakiSwap based on the up-and-coming new blockchain Huobi Eco Chain that launched its mainnet version in December 2020. MakiSwap has the potential to be the next PancakeSwap of Huobi Eco Chain

The UniLayer ecosystem

UniLayer has adopted the slogan “The Swiss Army Knife of DeFi” for a good reason. It offers a wide array of DeFi tools on multiple blockchains such as Ethereum, Binance Smart Chain, Huobi Eco Chain and many more to come. The UniLayer ecosystem offers the following DeFi tools:

  • Limit orders on top of Uniswap
  • Staking
  • Yield farming
  • LAYERScan (On-chain analytics tools similar to DEXTools.io)
  • IDO Launchpad
  • MakiSwap 
  • DEX aggregator
  • Fiat onramp
  • Basic trading mode
  • Pro trading Mode
  • Order books, TradingView charts and analytics.

What is MakiSwap?

MakiSwap is an AMM, a yield farming platform and a product part of the UniLayer ecosystem built on Huobi Eco Chain, and it’s the first that will offer a more robust trading experience from all AMMs by offering:

  • Limit orders
  • Charts
  • Analytics
  • Order books and more.

All of these trading tools built by UniLayer will be natively integrated within the MakiSwap platform, making it the first AMM to have a more robust trading experience for both experienced and new traders.

Additionally, MakiSwap’s limit orders will also collect a small fee of 0.2% per limit order on trades of Huobi Token (HT) on the Huobi Eco Chain. This fee will be shared with the LAYER token stakers through a bridge.

We think that UniLayer has huge potential to occupy a big chunk of market share for the DeFi space. The UniLayer team is very ambitious, loves to innovate, is taking advantage of the current market conditions, and builds products that provide real-world use cases and solve real-world problems.

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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