Udego Finance — Automated Market Maker on the Binance Smart Chain

Published on: 13.12.2021

Udego Finance is an open-source, permission-less, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps).

Udego Finance brings numerous benefits when compared to traditional financial services.

Decentralized Application (DApp) — Udego Finance run on a P2P network of computers rather than central computer.
Transparency — Distributed ledger containing information about all the activities that have taken place on a blockchain network is shared by everyone.
Smart Contract — Digital agreements that intermediate the exchange of cryptocurrencies (or any other digital asset) between two parties.
Safe and Secure — Audited by respected industry professionals like CertiK whose job it is to understand security vulnerabilities of the platform

Udego Finance Features

Swapping — Swapping is the process of swapping one token for another, on the same platform. Swapping is done with a minimal fees for the liquidity provider, that has provided liquidity to the pool.
Liquidity — Liquidity is a measure of the ease at which an asset can be converted to another asset without affecting its price. In simple terms, liquidity describes how quickly and easily an asset can be bought or sold.
Farming — Yield farming is a way to make more crypto with your crypto. It involves you lending your funds to others through the magic of computer programs called smart contracts.
Staking — A staking pool is a group of coin holders merging their resources to increase their chances of validating blocks and receiving rewards. They combine their staking power and share the rewards proportionally to their contributions to the pool.

When you stake your $UDEGO, you auto-magically receive $POS that will be used as proof-of-stake. With the $POS received you are able to stake for rewards in the STAKING Pool

ABOUT Udego Finance
Udego Finance is an Automated Market Maker on the Binance Smart Chain. Udego Finance will potentially create entirely new financial markets, products, and services. An ecosystem of financial applications that is built on top of blockchain networks.