DeFi space in 2022 is not limited to trading crypto on exchanges for profits; it has evolved into an$80 billion market with more sophisticated and lucrative investment opportunities. Crypto enthusiasts are widely adopting models like Liquidity Farming or Staking to earn a consistent stream of passive income. Balancer is one of the pioneer platforms that make it easy for developers to create DeFi liquidity pools and earn trading fees. To further strengthen its ecosystem and ensure the Balancer community’s assets stay secure from frequent scams and attacks in the DeFi space, Balancer is integrating Union’s suite of protection services.
“UNION Finance provides the Blockchain Community essential expertise and technology that supports the development of our endeavors. We appreciate the role they play in serving and protecting the interests of stakeholders at this critical juncture. We value our ongoing collaboration with Union Finance and anticipate our joint efforts will generate significant benefits to our community,” said Andrea Cianfruglia, Project Lead at Balancer DAO.
Initially, Union ($UNN)had agreed to build a micro-site that funneled its services back to Balancer’s protocol. However, Balancer DAO ($BAL) suggested a more comprehensive and seamless integration to facilitate the deployment of Union’s products across the Balancer Dao ecosystem.
UNION FINANCE is ready to provide Balancer’s Dao protection for Smart Contract Hacks, Exploits, and other DeFi Event Risks. UNION’s full-stack protection reduces the risks and costs of DeFi by providing tailored protection for composable risks. Both teams have started exchanging the necessary artifacts to assess how to expediently advance this valuable partnership.
UNION is capable of deploying two protection products to the Balancer Dao Ecosystem: U-CDS and C-OP. Additionally, UNION will spearhead an education campaign informing Balancer Dao members about the importance of protecting their funds and hedging risk.
“We are extremely excited to work with Balancer Dao’s Ecosystem and greatly appreciate the opportunity to extend our protection products to their community,” said Michael Beck, UNION’s project lead.
Once crystalized, the integration of Balancer’s Dao and Union’s protection products would reduce the common frictions associated within DeFi and expand the retail and institutional markets. Final decisions will require careful consideration, but both entities are committed to creating significant value for their communities.
To learn more about UNION and Balancer, visit their websites www.unn.finance and https://balancer.fi/ or contact via info@unn.finance and contact@balancer.finance
About Balancer ($BAL):
Balancer Protocol allows for automated portfolio management and providing liquidity turning the concept of an index fund on its head: instead of paying fees to portfolio managers, you collect fees from traders who rebalance your portfolio by following arbitrage opportunities. Developers leverage Balancer as a permission-less building block to innovate freely and create new treasury management systems. Balancer Lab’s mission is to become the primary source of DeFi liquidity by providing the most flexible and powerful platform for asset management and decentralized exchange.
About UNION ($UNN) :
UNION is a technology platform that combines bundled protection and a liquid secondary market with a multi-token model. DeFi participants manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION decreases the barriers to entry for retail users and lays the foundation for institutional investors.
Media Contact
Company Name: Union Protocol Labs, Inc.
Contact Person: Max Anderson
Email: Send Email
Country: Panama
Website: https://www.unn.finance