2021.09.14 — Community Meeting Hey all! We had our first community meeting last Tuesday on Twitter Spaces and here are the notes and updates in case you weren’t able to catch it! 🔥Airdrop, Proxy Yield Aggregator, New Team Members, Partnerships, and Development News 🔥 Operations: ✔️We are currently working on raising some venture…

⚠️uCR v1 (in use as of protocol launch) currently does not depreciate in value, and can be looked at as non expiring uCR NFT tokens. uCR is a dependency of our protocol that was faster to launch with non-depreciation In a debt cycle, the uAD protocol shall issue ‘perpetual, depreciating…

Overview We recognize that the uAD protocol cannot rely on the same set of economic incentives to restore the $1 peg of uAD in its initial volatile period and maintain the $1 peg once the price of uAD attains stability. For example — as the price of uAD attains substantial stability…

💡 Formerly known as uGOV. UBQ is a perpetually inflationary ERC20 token that may be minted by all products within the Ubiquity ecosystem with two main goals: To drive adoption To enhance the functionality of the product itself The UBQ token has no predefined mint schedule but is rather released…

This section focuses on mechanics specific to the uAD product. All UBQ rewards quoted in this section are the rewards before the supply penalty, as explained in the UBQ Token Documentation. Price stability Price stability pertains to mechanisms that aim to stabilize the token price, short of performing a full price reset…

Each project deployed in the Ubiquity ecosystem will have three distinct phases. Durations are case-by-case, but we anticipate one month, three months, and then perpetual for the following phases, respectively: Rapid prototyping period — the very beginning of each product. During this phase, the Ubiquity team will have full access…

The uAD ecosystem consists of multiple tokens, which can be broadly categorized into three separate categories: Primary Tokens — the main user-facing tokens. 95%+ of the users of the system need to be concerned only with those. They drive the main functionality of the system. Auxiliary Tokens — more intricate…

To prevent project failure and further stabilize the token, Ubiquity will be implementing a fractional reserve system, where the total uAD circulation will be capped as a function of 3CRV which the project holds in its treasury. Under the early days of the project, this ratio will be set to…

Ubiquity’s Algorithmic Dollar (uAD) is an algorithmic stablecoin that maintains its peg by virtue of its monetary and fiscal policies. We originally intended to design uAD to have no collateral, but realized that the algorithmic stablecoins that remained on-peg all had some form of collateralization. We are adding in a…