1️⃣2020

Late 2020: Unimex

Unimex itself initially started off as a sole product, a completely decentralized leverage solution, which we conceptualised from scratch. Early development and testing of the protocol started in August, and moved ahead with first form of fundraising in September.

Unimex first deployed on ETH, where the leverage protocol was built directly on top of the uniswap v2 router. Hashex was commissioned to perform our first audit. All brought up issues were assessed, fixed and confirmed so by our auditors. A closed private beta for the community was launched shortly after this milestone.

During this period, received a lot of positive feedback, alongside feature requests and suggestions regarding the smallest of details. This was also the first time users being able to attempt to margin trade directly via contract interactions, without the need for a user interface.

Just as we had hoped, those with some degree of solidity knowledge, managed to easily open, close and liquidate positions, without the need for a user interface. They were also able to lend funds, withdraw those funds and claim any accrued rewards.

With that in mind, Unimex had achieved its first goal. Anyone could host their own user interface for our smart contracts, and even if all domains hosting our contracts were to go down, users with some simple instructions, would always be able to access their positions and funds.