Tokenomics
PureFi Token (UFI)
PureFi Token (UFI) is the ERC20 token minted on the Ethereum blockchain and Binance Smart Chain (BSC) that empowers the PureFi Protocol. The key utility function of UFI is to provide access to PureFi services, to enable the circulation within PureFi Protocol, receive new oracles and protocol updates, as well as enable cryptoasset analytics and identity verification.
Service usage models
There are four levels of service models based on the capacity a client would need PureFi services. In all models PureFi accepts most major cryptocurrencies, UFIs and fiat as a payment.
Basic – occasionally service usage. Basic tariffs.
Subscription – more frequent service usage. A user can subscribe for 6 or 12 months service packages and be eligible for the overall subscription discount (SD). The subscription fees are paid in most major cryptocurrencies, UFIs and fiat. A user is issued with an expired and non-tradeable derivative of UFI (UFI-D) associated with a particular service package via Non-collateral PureFi lending protocol.
Professional – big players: DEXs, LPs, funds, protocols, etc. are eligible for the professional packages discount (PD). Pre-conditions – that also might be borrowed through non-collateral PureFi lending protocol.
Issuer – a compliance provider sorted out and vetted with PureFi standards. There is a pre-condition to be met – UFIs pooling.
Fee-P – the proportion of overall fees distributed to non-collateral PureFi lending protocol.
Non-collateral PureFi lending protocol
A pool attached to an audited smart contract to supply extra liquidity to PureFi ecosystems and to give extra incentives to our community:
UFI-d - an expirable and non-tradeable derivative of UFI that will be issued to a borrower based on the length and volume of UFI borrowed.
$Fee - is determined from how much and for how long a borrower would like to lend the UFI and what is the balance between lent and borrowed UFIs in the pool already – the more borrowed the higher the fee.
In the PureFi lending protocol a borrower will have no need for a collateral, and so there is no risk associated with borrowing.
They may always withdraw their UFIs if they don't want to participate in fee distribution anymore.
Fees distribution and UFIs Liquidity Pool
All commissions for PureFi Protocol are to be split between OV (Operational Vault) and UFI LP (Liquidity Pool).
OV (Operational Vault) funds are to be used to cover operational expenses related to protocol maintenance and infrastructure support.
UFI LP (Liquidity Pool) is a mean of UFI liquidity support and secondary token circulation.
The split or proportion between OV (Operational Vault) and UFI LP (Liquidity Pool) is determined by the balancing coefficient (BC) that accounts the current demand of UFI token: the higher the demand the lower distribution of the fees to UFI LP:
The maximum price of the UFI in the public round:
The weekly weighted average price of UFI token in the LP in the preceding week:
All fees are distributed to the UFI LP:
Locked tokens in the early liquidity protocol
PureFi is proud to announce the absolutely new and unique early liquidity protocol for the locked tokens. That protocol gives additional benefits to the early UFIs holders and adds extra liquidity to our ecosystem.
Q/T Request - UFI holder defines the length and volume of UFIs a user wishes to borrow.
Q/2xT Lock - extra locking period added to the previous one for the volume UFI holder is borrowing.
All UFI holders are eligible to join to non-collateral PureFi lending protocol if they meet the following criteria:
Time of the locked UFIs holding.
Period of UFI lock.
Period of UFI borrowing to the non-collateral PureFi lending protocol.
