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Cryptocurrency News Articles

Unizen Unveils Groundbreaking Updates for Revolutionary DeFi Experience

May 02, 2024 at 07:37 pm

Unizen has launched two groundbreaking updates that transform DeFi: Enhanced Ethereum Gas Optimization and ULDMv3. Enhanced Ethereum Gas Optimization significantly reduces transaction costs by up to 70%, while ULDMv3 revolutionizes liquidity distribution with faster quote speeds, reduced gas costs, cross-chain trade splitting, enhanced token routing, and machine learning integration. These advancements optimize trading efficiency, making DeFi more accessible and cost-effective for users.

Unizen Unveils Groundbreaking Updates for Revolutionary DeFi Experience

Unizen Unleashes Revolutionary Updates for Enhanced Decentralized Finance Experience

Dubai, United Arab Emirates – May 2, 2024 – Unizen, a leading decentralized finance (DeFi) innovator, has unleashed two transformative updates that are poised to reshape the industry landscape: Enhanced Ethereum Gas Optimization and ULDMv3. These advancements redefine efficiency, cost-effectiveness, and liquidity distribution, empowering traders with unparalleled trading experiences.

Enhanced Ethereum Gas Optimization: Unlocking Savings and Accessibility

Ethereum transaction costs can be a significant barrier to entry for DeFi users, hindering their ability to engage in seamless and cost-efficient trading. Unizen's Enhanced Ethereum Gas Optimization addresses this challenge head-on, reducing transaction costs by 40-50% for all users and by a remarkable 60-70% for integrators. By optimizing transaction processes, this update not only increases accessibility to decentralized trading but also frees traders from excessive overhead costs, allowing them to operate with greater flexibility and cost consciousness.

ULDMv3: A Paradigm Shift in Liquidity Distribution

ULDMv3, the third iteration of Unizen's Liquidity Distribution Mechanism, represents a fundamental shift in trade execution on the platform. Far from being an incremental improvement, ULDMv3 is a complete overhaul designed to significantly enhance the trading framework. Unizen CTO, Martin Granström, describes ULDMv3 as a "revolution in liquidity sourcing that sets new industry benchmarks."

Key Enhancements in ULDMv3:

Faster Quote Speeds: ULDMv3 dramatically accelerates the retrieval of quotes and execution of trades. This enhancement minimizes latency, rendering real-time trading more efficient and responsive. In the fast-paced DeFi landscape, where market conditions can change in milliseconds, the ability to process quotes swiftly is paramount.

Reduced Gas Costs: ULDMv3 builds upon Unizen's already competitive gas fee structure by further optimizing its underlying algorithms. Smarter contract interactions and streamlined transactions minimize the gas required for each trade, reducing costs and making trading more affordable and sustainable, particularly during periods of high network congestion.

Cross-chain Trade Splitting: A standout feature of ULDMv3 is its ability to split trades across different blockchains, maximizing token output on the receiving chain. This functionality leverages seamless token swaps to harness the unique strengths of multiple blockchains, optimizing trade value and efficiency.

Enhanced Token Routing: The routing mechanism in ULDMv3 has been upgraded to automatically select the most optimal paths for token transfers. This ensures that users receive the best possible rates and outputs by navigating the complex landscape of liquidity pools and trading pairs. This enhanced routing translates to better returns and reduced slippage for users.

Machine Learning Integration: At the heart of ULDMv3's advanced capabilities is the integration of machine learning technologies. These systems continuously analyze market conditions and liquidity pool interactions to refine and optimize trading strategies. By learning from each transaction, ULDMv3 adapts and evolves, consistently improving trade execution efficiency.

ZCX Token: Enhancing Utility and Value

As the core token of Unizen, $ZCX plays a pivotal role in enhancing the trading experience and maximizing profitability. Its utility extends beyond being a facilitator, offering users the opportunity to earn passive income through the platform's Earn feature. By staking their $ZCX, token holders can receive rewards, adding an attractive layer of value to the token.

Unizen's upcoming Layer 1 solution will further elevate the functionality of $ZCX, embedding it deeper within the ecosystem where it will play a more central role in transaction processes and governance mechanisms.

Unizen's Strategic Layer 1 Blockchain: Expanding Horizons

Unizen's development of its own Layer 1 blockchain, currently in stealth mode, is a strategic move that will broaden its reach and potential user base. This blockchain is tailored to support both programmable and non-programmable chains, increasing its applicability and appeal. The design aims to enhance interoperability among different blockchain technologies within Unizen's ecosystem, enabling smoother and more efficient cross-chain transactions. This advancement is crucial for wider adoption and easier access to web3 technologies, making them more user-friendly and integrated.

About Unizen:

Unizen is a revolutionary DEX Aggregator that offers comprehensive omni-chain access and UTXO support, providing unparalleled returns on decentralized trades industry-wide. Its platform boasts a user-friendly experience with zero bridging, no sign-ups, no fees, and no KYC requirements, all while maintaining complete decentralization. Unizen has created an entirely new class of DEX Aggregator, distinguished by its industry-leading Unizen Liquidity Distribution Mechanism (ULDM), Unizen Interoperability Protocol (UIP), and comprehensive omni-chain access, including UTXO support (starting with native Bitcoin).

With its industry-leading innovations, Unizen provides the highest returns on decentralized trades worldwide, accessing over 20,000+ assets across 9 chains and 170+ decentralized exchanges.

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