Alphr are excited to announce their partnership with UNION
Today Alphr announces its first ever partnership with UNION.Finance, a DeFi protection service designed to help secure DeFi projects against issues regarding Layer-1, smart contracts, liquidity, transaction completion risk, hacks, and other pitfalls. At its core, UNION Finance is a protocol that helps both retail and industrial investors to engage in DeFi with peace of mind, by applying extra levels of protection. UNION Finance mitigates the inherent dangers of DeFi, such as scalability and inefficient smart contracts, as well as protects against pool hacks. These issues will lessen as the industry grows and matures, but in the interim period, protection platforms like UNION are extremely helpful for creating a robust ecosystem.
This partnership with UNION provides the option of protection to Alphr users, meaning that in the unlikely scenario where Alphr pools malfunction or are attacked, users will gain coverage of their assets, meaning they stay protected. This is extremely significant as it allows for Alphr traders to have the confidence that their mirror pools will stay safe and intact even if Alphr is hacked or impaired, so long as protection is adopted. Leaving funds in an investment pool is always scary as it requires some level of trust with the service you are using, but UNION’s protection makes investing and holding with Alphr a much more comfortable experience. To appreciate this, users will need to individually take out protection for their finances with UNION, therefore giving them all the necessary protections when engaging in DeFi.
DeFi protection is soon to become the norm in the crypto ecosystem, and so Alphr has gotten ahead of the curve as this area is still new, yet very much necessary. Swami AlphrAnanda, founder of Alphr, has noted that “this is a significant partnership for us as it offers a great deal of security for our users, putting minds at ease. Protection is the future of DeFi, and this partnership with UNION helps us to grow our project at a faster and safer rate than beforehand. It allows people to socially trade and engage with mirror pools without having to worry about any dangers or hacks, which is extremely important considering how stressful crypto can be”.
“We’re excited to be working with the Alphr team to deliver on Integrated protection for users of their platform. UNION was founded with the principle of seeking to broaden DeFi adoption. Alphr represents a compelling way for new ecosystem participants to engage in viable trading strategies, which are patterned from more successful market participants. We believe integrated UNION protocol features will further help and embolden new users to embrace platform strategies with a greater sense of confidence and protection” said Michael Beck, UNION’s project lead.
This announcement comes as the Alphr token ($ALPHR) was just recently listed on Uniswap and Gate.io, meaning that people can actively begin trading with it as of right now! People can now also actively track ALPHR’s price movements over on CoinMarketCap and CoinGecko.
About Alphr
Alphr is a DeFi social trading platform that allows users to mirror the movements of other wallets, creating a highly connective trading experience. Alphr makes every ETH wallet that has ever traded on Uniswap into an on-chain social profile, where users can identify and follow the actions of other well-known or trustworthy traders. Trading risk scores are automatically created for each wallet, as well as automated mirror trading options. Alphr is beginning with Uniswap and Ethereum, but cross-chain capabilities are to be rolled out in the near-future.
About UNION
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 entry barriers for retail users and lays the foundation for institutional investors. UNION’s full-stack DeFi protection is inclusive, composable, and brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem.
📰 INFO
