Are your codes interlinked? 🤘
Unipilot is super excited to announce a partnership with innovative NFT project Neo Tokyo, which will use Unipilot’s liquidity management service to improve the capital efficiency of the $BYTES liquidity on Uniswap v3.
As a result, the Neo Tokyo community will enjoy lower-slippage trading of $BYTES, while those providing liquidity of the token through Unipilot can benefit from reduced gas costs and higher returns, as Unipilot will keep the liquidity in an optimal range around the current trading price at all times. No more guessing the optimal range and no more paying gas fees to rebalance your position!
As you can see from the image below, $BYTES liquidity on Uniswap v3 is currently spread over a wide and perhaps chaotic range. This is likely due to some LPs not knowing where to set their liquidity and others using Uniswap v3 to place limit orders. Either way, it leads to poor capital efficiency, higher-slippage trading and low returns for LPs.
How to participate
To add Unipilot-optimized Uniswap liquidity of the $BYTES token, head to our dApp and select the $BYTES pair. If you already have $BYTES liquidity on Uniswap, you can head to our migrate page to easily move your position to Unipilot.
We created a so-called Active vault for $BYTES. These vaults are reserved for partners and major tokens only. Active vaults are managed by Unipilot, so there are no costs for LPs when the position needs to be rebalanced. Passive vaults on the other hand are managed by users, who pay to rebalance the position.
$BYTES liquidity on Uniswap v3 is currently spread from 9 to 2,400 $BYTES per $ETH. Unipilot’s $BYTES vault will start with an initial, far more concentrated range of 437 to 932 $BYTES per $ETH, and will be automatically adjusted if and when price moves out of this area.
What is Unipilot?
Unipilot is a Uniswap v3 liquidity optimizer which manages Uniswap v3 liquidity positions for users and projects alike, keeping capital in an optimal range at all times. This removes the guesswork from adding liquidity and enables higher returns and reduced gas costs for LPs, as well as lower-slippage trading of the token.
Unipilot’s native token, $PILOT, was recently listed on Coinbase Custody, and can be staked to earn a share of protocol revenue paid in $ETH. Unipilot is universal, you can create a vault for any pair that exists on Uniswap v3. Find out more at unipilot.io or check out our teaser video below.
What is Neo Tokyo?
Neo Tokyo is a collection of VCs, developers, founders and overall builders that are shaping the crypto gaming and metaverse space. The project was founded by two names you might recognize, Elliot Wainman (elliotrades) and Alex Becker. Find out more on their website.