UniMex Brings New Improvements and Features to Empower Traders

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UniMex Brings New Improvements and Features to Empower Traders

Jun 24 2021

In brief

  • DeFi project UniMex that made decentralized trading with leverage possible is back with new features.
  • The project now allows users to see estimated slippage when opening positions.
  • UniMex also managed to reduce leverage intervals, allowing for better control for users.

DeFi project UniMex continues to bring new improvements to its platform, such as reduced leverage intervals, and the ability to see estimated slippage.

The decentralized finance sector continues to thrive and evolve with every passing day, and in doing so, it is becoming just as reliable as CeFi, if not more. One of the best examples of this is UniMex, a DeFi protocol that brought decentralized margin trading.

Margin trading has, of course, been a part of the crypto industry for a long time, but only available on centralized platforms. However, UniMex did not stop there — it continued to improve and perfect its service.

It currently operates as an interconnected ecosystem of DeFi apps that currently comprises Unimex Protocol, Farm Space, and Degen Protocol. UniMex also managed to expand and it now operates on Binance SMart Chain and Ethereum alike.

It offers up to 5x leverage, and it recently announced a number of new improvements and additional features, including the Polygon (Previously Matic) Network release, even higher leverages, USDC deposits, as well as more tokens.

What is next for UniMex?

However, while these additions still lie in the near future, there are several new improvements that are already a part of the UniMex ecosystem. For example, on June 5th, UniMex tweeted that its platform now shows estimated slippage for users who are opening new positions. This will be very beneficial for traders who will have a better understanding of what to expect when entering a position, as previously, they had to try and estimate on their own what the slippage might be.

Furthermore, the project also managed to reduce leverage intervals, which will allow users to open new leverages sooner, thus allowing them to increase the number of opened leverages in the same period of time.

UniMex also responded to one of the comments on Twitter, saying that a cryptocurrency HEX will also be added, directly after USDC deposits open, which is yet another new improvement that users have to look forward to.

The project also worked on continuously improving its website throughout May. It created a new landing page, which feels more intuitive and user-friendly, and it polished the parts of the platform that it was satisfied with, and that just needed a bit of an extra touch. At the same time, the project remains highly responsive towards its community, showing that it understands that every project is ultimately its people.

All in all, UniMex seems to be progressing smoothly. There is undoubtedly a lot of work going on in the background, and a lot of planning for the future. Meanwhile, UniMex is making excellent decisions as it goes along.

It should also be noted that UniMex recently released a lot of extremely detailed documentation that covers pretty much all aspects of its project, educating new users, resolving conflicts that existing users may have had, and revealing useful details to its entire community.