UnUniFi
KIMURA Yu, SHIMOJIMA Takeru
September 8, 2023
Abstract
In the rapidly evolving landscape of blockchain technology, the management of on-chain assets
continues to expand in complexity and capability, giving rise to the urgent need for innovative
management solutions. The current methods in which these assets can be deployed to competitively earn yield are ripe for disruption. UnUniFi s dynamic Asset Management Platform aims torevolutionize the eﬃcient operation of these assets across many blockchains. Cross-chain support,
access to the best-in-class yield opportunities, and permissionless vault creation are just a few of theexciting features available on UnUniFi (pronounced un-unify ). Supported by esteemed investors
like Gumi Cryptos Capital and more, UnUniFi is on a mission to democratize asset management,catering to both retail and institutional stakeholders. Let s take a deep dive into what UnUniFi
is all about.

1 Problems
1.1 Problems in DeFi asset management for Users
Users must spend a large amount of time and eﬀort across many apps and blockchains to ﬁnd eﬃcient
DeFi strategies. Users cannot easily access complex strategies such as CeFi, RWAs, or Collateralized
Assets as part of their portfolio management. Users cannot easily customize their exposure to speciﬁc
DeFi + CeFi strategies.

1.2 Problems in liquidity management for DeFi Protocols and Institutions
Strategy providers (yield pool creators/borrowers) suﬀer from fragmented liquidity across chains dueto the diﬃculties and high cost of creating multi-chain support.

2 UnUniFi: A New Standard for Cross-Chain Asset Management
UnUniFi distinguishes itself from other Asset Management and Yield Aggregation platforms by addressing the limitations and challenges faced by existing solutions. UnUniFi leverages the Cosmos SDK
and IBC to ensure maximum scalability; speed; security; and cross-chain interoperability, making it an
ideal hub for Asset Management. Regardless of a user s source chain, UnUniFi streamlines the process,ensuring that every DeFi user can seamlessly access the platform. UnUniFi empowers users to access anunlimited number of yield strategies, while sourcing strategies from the best DeFi protocols and CeFi
1

services. This unique DeFi + CeFi approach enables users to receive unprecedented customizability whenmanaging their assets, all within one easy-to-use cross-chain dashboard. Meanwhile, strategy providers
can leverage UnUniFi s cross-chain support to deploy their contracts and source global liquidity acrossblockchains. Professionally operated and custodied strategies are compliant for Institutional and Accredited Investors. UnUniFi s asset management platform is a one-stop solution enabling individuals,
DAOs, funds, and other protocols to earn yield against unlimited strategies, featuring the best DeFi
strategies, CeFi strategies, RWAs, and Collateralized Assets.

3 UnUniFi s Core Application: UnUniFi Yield Aggregator (UYA)Powering the Asset Management Platform is UnUniFi s core application, the UnUniFi Yield Aggregator, or UYA. The UYA app functions as a cross-chain hub, enabling users to explore the true possibilities
of cross-chain asset operation. The unlimited creation of Yield Strategies and Vaults fosters competitiveand diverse opportunities.

3.1 How are Yield Strategies aggregated (sourced)• Chain-agnostic, seamless integration with the best DeFi protocols + CeFi Services, enabling accessto the higher performing Yield Strategies. In this method, UnUniFi will directly integrate withthe source Pool, even if it is on an external chain.
• Unlimited strategy creation, allowing any strategy provider to deploy their pool on UnUniFi while
fostering cross-chain interoperability and minimizing liquidity fragmentation.

3.2 What are the types of Yield Strategies supported?
1. DeFi Strategies（e.g. DeFi Protocols, AMM）
2. CeFi Strategies(KYC required)（e.g. centralized lending (CeFi RWA)）
3. Collateralized Assets（e.g. non-fungible assets, Fine-Art, Luxury, Tokenized Assets, Tokenized
DeFi Positions）

3.3 How do users use the UYA?
• Basic Users can manage (deposit) any asset type into a vault of their choice, with the vault being
composed of one or more underlying strategies. For the average user, the UYA App will be able
to display the highest performing yield strategies and vaults, easily allowing them to select a
pre-created vault and automatically participate in the highest performing strategies.
• Advanced Users can leverage an unprecedented level of customization, with the UYA App allowing
anyone to autonomously manage their portfolio exposure by creating their own Vault (permissionless vault creation). This allows for the combination and selection of DeFi + CeFi strategies
within the same Vault, while allowing the creator to also specify the weightings of the underlying

2strategies. Anyone can create a vault, so long as it has not already been created (duplicated vaults
will be rejected).
• Institutional Users and Accredited Investors (e.g. Funds as Lenders) can manage their assets bydepositing funds into CeFi + DeFi strategies. Professionally managed and compliant CeFi + DeFi
strategies will be supported via Qualiﬁed Custodian.

3.4 The ﬂow of UYA
1. Deposit tokens into the IYA module for UnUniFi Protocol.
2. Specify a strategy based on the information provided by the data provider and select contract
3. Initiate participation by sending TX from the contract to the other chain through an interchainaccount.

3.5 The process of receiving rewards
1. Users claim rewards in the UYA module for UnUniFi Protocol.
2. The UYA receives rewards on the contract the user selected.
3. The contract receives from the chain from which the user had initiated the participation.
4. The contract sends rewards from the other chain to UnUniFi Protocol.
5. UYA sends tokens to the user.

3.6 How do Strategy Providers use the UYA?
Strategy providers can create and deploy their contracts/pools on UnUniFi. This mechanism is crosschain enabled and can be utilized by any party. Below are two examples:• DeFi Protocols (e.g. Automated Market Makers) can add their contracts to the UYA to source
global liquidity, fostering cross-chain interoperability and minimizing liquidity fragmentation (byeliminating the need to deploy a pool on multiple chains).
• Institutions (e.g. Funds as Borrowers) can create their own lending pool for users, allowing themto aggregate global liquidity and borrow funds from the pool.

4 NFT collateral lending
4.1 Collateral Liquidation Deposit Auction
4.1.1 Deﬁnitionsi ∈ I index of bidsn = |I| number of bids{di }i∈I the deposit amounts of i th bid

3{ri }i∈I the interest rates of i th bid. To unannualize this, an expression unannualize(r; start, end) will beused.
{xi }i∈I the expiration dates of i th bid
t current time
q the average of pi and the upper bound of ssd the sum of deposits and the amount which lister can borrow with NFT as collateralj ∈ Ji index of borrowing from i th bid deposit{bi,j }i∈I,j∈Ji means the amount of j th borrowing borrowed from i th bid deposit{bi }i∈I means the amount borrowed from i th bid deposit
sb the sum of bi{ti,j }i∈I the start dates of j th borrowing from i th bid deposit
ip (j) the index of the j th highest price bid
id (j) the index of the j th highest deposit amount bid
ir (j) the index of the j th lowest interest rate bid
it (j) the index of the j th farthest expiration date bid
c minimum deposit rate

q=

1∑
pi
n
i∈I

sd =

∑

di

i∈I

bi =

∑

bi,j

j∈Ji

sb =

∑

bi

i∈I

4.1.2 Acceptance of the bid
The lister can accept the bid if the favorable bid price is found.
If this process is executed, ip (1) th bidder will have the right to settle the trade. To settle the trade,
ip (1) th bidder have to paypip (1) − dip (1)If ip (1) th bidder proceeds, he or she will obtain posession of the listed NFT.
The lister will receivepip (1) −∑i∈Id i +∑


unannualize(ri ; ti,j , t)bi,j 

j∈Ji

Protocol fees are abbreviated.

4

Each i ∈ I th bidders will receive
di +∑unannualize(ri ; tij , t)bi,jj∈Ji

If ip (1) th bidder decide not to proceed, his or her deposit dip (1) will be forfeited.
4.1.3 State transition
When (pnew , dnew , rnew , tnew ) will be added to the set of bids, the new bids sequence will be
I ′ = I ∪ {n + 1}
n′ = n + 1{p′i }i∈I ′ = {pi }i∈I ∪ {pnew }{d′i }i∈I ′ = {di }i∈I ∪ {dnew }{ri′ }i∈I ′ = {ri }i∈I ∪ {rnew }{x′i }i∈I ′ = {xi }i∈I ∪ {xnew }1 ∑ ′q′ = ′
pi
n
i∈I ′
∑
s′d =
d′i
i∈I ′

where the prime means the next state.
The constraint of dnew iscpnew ≤ dnew ≤ min {pnew , q ′ − sd }In easy expression, it means
cpnew ≤ dnew
dnew ≤ pnew′
sd = sd + dnew ≤ q ′The ﬁrst inequation means that the deposit of the new bid must be greater than or equal to minimum
deposit amount, that is deﬁned by multiplying c, the minimum deposit rate, to p′n+1 , the bid price. The
second inequation guarantee that pi − di ≥ 0. The third inequation means that s′ , the sum of deposits,
must be lower than or equal to q ′ , the average of bid prices. To increase the deposit amount of the new
bid and increase the probability of getting settlement when the liquidation of collateral occurs, the new
bidder must increase pnew to increase q ′ .
When the NFT lister newly borrow assets, ai must follow the constraint
bi ≤ d i
Additionally the follwing inequation will be satisﬁedsb ≤ sd5

Deposited amount will therefore be consumed (used for lending resource) in ascending order of interest
rates, so the following constraint must be satisﬁed.
bir (j+1) = 0 if bir (j) < dir (j)When the ir (k) th bid expire, xir (k) = t, there are two distinct paths to select,
First, if the lister conﬁgured the automatic refunding when initiating the listing, air (k) the borrowed
amount from ir (k) th bid will be automatically repaid. The lister then will automatically borrow thesame amount from the deposit whose interest rate is the next lowest.
∀l ∈ {1 : m − 1}bir (l) = dir (l)bir (m) =

m
∑
(

∑

)
dir (l) − bir (l) −(1 + unannualize(rir (k) ; tir (k),j , xir (k) ))bir (k),jj∈Jir (k)l=1where m is deﬁned as




m=

m∈N

min

subject to




∑

(1 + unannualize(rir (k) ; tir (k),j , xir (k) ))bir (k),j ≤j∈Jir (k)m∑dir (l) − bir (l)l=1

If the sum of the deposits of remaining bids are insuﬃcient to cover the refund amount, this process
cannot execute and instead liquidation process will be executed.
Second, if the lister didn’t conﬁgure the automatic refunding, the liquidation process will be executed.
4.1.4 Liquidation process
for k ∈ {1 : n}if pid (k) < s, continue.
id (k) th bidder will have the right of settlement of the deal. To settle the deal, id (k) th bidder have topaypid (k) − did (k)If they do so, then they will have the posession of the listed NFT.
If they don’t, then their deposit did (k) will be forfeited.
Even if all bidders decide not to exercise their settlement right for the deal, the protocol will completely
forfeit∑did (k) =∑di = s di∈Ik∈{1:n}Therefore, there is no possibility of the protocol accruing any losses caused by the liquidation process.
If id (k ∗ ) th bidder settles the deal,6∗pid (k∗ ) +k∑did (l)l=1will be temporally
sent to the protocol.
)
∑n (
∑
∑k ∗
If l=k∗ did (l) + j∈Ji (l) unannualize(rid (l) ; tid (l),j , t)bid (l),j ≤ pid (k∗ ) + l=1 did (l)deach i ∈ {id (l) | l ∈ {k : n}} th bidder will receive
di +∑unannualize(ri , ti,j , t)bi,jj∈Ji

and protocol will reveive∗pid (k∗ ) +k∑did (l) −

∑n

l=k∗

(
did (l) +

∑
∗



∑

did (l) +

l=k∗

l=1

else ifn∑unannualize(rid (l) ; tid (l),j , t)bid (l),j 

j∈Jid (l))
j∈Jid (l) unannualize(rid (l) ; tid (l),j , t)bid (l),j> pid (k∗ ) +∑k ∗l=1 did (l)each i ∈ {id (l) | l ∈ {k : n}} th bidder will receive

(
)
∑
k∗
∑
di + j∈Ji unannualize(ri ; ti,j , t)bi,j) pid (k∗ ) +did (l)∑n (∑d+unannualize(r
;
t
,
t)b
∗
l=1
id (l)
id (l) id (l),jid (l),jl=kj∈Ji (l)d

5 Derivatives
5.1 Counterpart Liquidity Pool
5.1.1 Deﬁnitions
I the set of the index of assets in the pool{pi }i∈I the price of i th asset in the pool, retrieved from oracle{li }i∈I the amount of the liquidity of i th asset in the pool{wi∗ }i∈I the target weight of the liquidity of i th asset in the pool{li∗ }i∈I the target amount of the liquidity of i th asset in the poolp the price of the liquidity provider tokens the supply of the liquidity provider token∆ the set of derivatives
Πδ the set of positions of a derivative δ ∈ ∆χ(π) the counterpart position of the position πr(π) the imaginary funding rate of the position πs(π) the total size of the position πl∗ pli∗ can be calculated with the given values wi∗ , s, p, {pi }ni=1 by wi∗ = ispi asli∗ =wi∗ sppi
7

The price of the liquidity provider token can be calculated as:
 ∑
1


li pi if s > 0

s
i∈I
p=
∑


wi∗ pi if s = 0i∈IThe minting and redemption of the liquidity provider token is executed with this price p.
5.1.2 Imaginary funding rate
In a Central Limit Order Book (CLOB) model, index prices are retrieved via oracles and mark prices
are determined in the CLOB. Funding rates ensure the diﬀerences between the mark price and the index
price is close to zero.
On the other hand, in the Counterpart Liquidity Pool model, mark prices are equivalent to index
prices, and both are retrieved via oracles. The Counterpart Liquidity Pool will take the counterpart
position of a trader s order, so there is no time required for matchmaking. However, in this model,
if traders acquire proﬁts, the pool and liquidity providers simultaneously incur losses. To tackle thisproblem, an imaginary funding rate exists. If the net position of traders leans to one side, the imaginary
funding rate works to make the net position of traders neutral. The neutral net position of tradersmeans a neutral position for both the pool and the liquidity providers. In the perspective of economics,
it can be expressed that this model uniﬁes the conventional funding rate and the time cost of waiting formatchmaking to the imaginary funding rate.
5.1.3 Perpetual futures
PF ∈ ∆ serves perpetual futures.
Positions areΠPF = {long(i, p), short(i, p)}
where i is the index of assets and p is the position price.
The relations of counterpart position areχ(long(i)) = short(i)χ(short(i)) = long(i)∫∀p ∈ R+ , r(long(i, p)) ∝R+(s(long(i, q)) − s(short(i, q)))dq

Notice that r(π) = −r(χ(π)).
5.1.4 Perpetual options
PO ∈ ∆ serves perpetual options.
Positions are8ΠPO = {call long(i, p), call short(i, p), put long(i, p), put short(i, p)}
where i is the index of assets and p is the strike price.
The relations of counterpart position areχ(call long(i, p)) = call short(i, p)χ(call short(i, p)) = call long(i, p)χ(put long(i, p)) = put short(i, p)χ(put short(i, p)) = put long(i, p)

6 Ecosystem Incentive
We recently analyzed the state of various Crypto and DeFi ecosystems and their applications, andasked the question, are dApps truly decentralized? If the viability of a DeFi protocol is dependent on
their frontend, how can their dApp claim to satisfy decentralization concerns? Our research indicatedthat the current state of dApps is that many are not truly decentralized and users must often rely ona single frontend deployment. In this scenario, reliance on a single frontend can create a single point of
failure, and overall weakness in the reliability of a protocol.

6.1 Single Point of Failure
Generally, users rely on the established Frontend to interact with a speciﬁc dApp or Contract. In a
real-world example, if a developer understands how a dApp operates, say Opensea for example, they cancall the contract directly without needing to use the Frontend. Meanwhile, regular users must rely on
the Opensea Frontend in order to interact with its blockchain components. If the Frontend for Opensea
stopped working, most users would not know how to interact with the contract. Having one frontend
creates a single point of failure. So how do we avoid this? Our solution proposes the ability to create
multiple independent frontends, which in turn embodies a true

decentralized

model (eliminating thesingle point of failure).

6.2 Our Solution- Truly Decentralized Frontend(s)Through our own protocol development, we considered these exact same questions, ultimately allowing
us to acknowledge the limitations of current solutions in hopes to create a better decentralized ecosystem.
This reﬂection directed us to create an ecosystem where our API, client library, Bubble App plugin, andfrontend incentive module can be utilized by anyone; using a platform like Bubble allows anyone tocreate unique applications with their no-code app development tools. Through hyper-accessible frontend
deployment, we can be the ﬁrst ecosystem to successfully decentralize our frontend without a single pointof failure.

96.3 Ecosystem Development via Community Inclusion
Normally, only experienced developers can contribute to ecosystem expansion when building dApps.
However, with our Decentralized Frontend, we can expand the ecosystem to include non-developers. This
contribution to community inclusion inherently furthers our ecosystem by allowing anyone to build onto
it. A Decentralized Frontend will also simultaneously inspire both localization and mass adoption by
allowing the creation of a Frontend that is hyper-focused for each region and category of usage. We
believe that the

Decentralized Frontend

is an eﬀective method to expand our ecosystem.

6.4 How do we Incentivize Frontend Development?
It is one thing to create an environment where our frontend can speciﬁcally be distributed and decentralized based on user needs, but how do we encourage these boutique integrations or unique Frontends?
Our ecosystem incentive modules aim to reward early adopters who help to expand and realize our decentralized ecosystem. Our latest implementation of this incentive model is a system that distributes
rewards to a frontend creator based on the NFT trading fee (excluding gas fee) collected when usingthat speciﬁc creator s frontend. Therefore, reward distribution is perfectly proportional to the actual
trading volume. In theory, this module will provide a competitive incentive for the parties which bringvalue to our ecosystem ― motivating Frontend service creators (developers). These unique Frontend
service creators can then become candidates to receive the Ecosystem Incentive Reward, generated fromthe various fees accumulated.

7 GUU token distribution
The native cryptographically-secure fungible protocol token of the UnUniFi Protocol (ticker symbol
GUU) is a transferable representation of attributed governance and utility functions speciﬁed in the protocol/code of the UnUniFi Protocol, and which is designed to be used solely as an interoperable utility
token thereon. GUU is a functional multi-utility token which will be used as the medium of exchange
between participants on the UnUniFi Protocol in a decentralised manner. The goal of introducing GUU
is to provide a convenient and secure mode of payment and settlement between participants who interact
within the ecosystem on the UnUniFi Protocol without any intermediaries such as centralised third party
entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public(or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it
designed or intended to be used by any person as payment for any goods or services whatsoever thatare not exclusively provided by the issuer. GUU does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective aﬃliates,or any other company, enterprise or undertaking, nor will GUU entitle token holders to any promise offees, dividends, revenue, proﬁts or investment returns, and are not intended to constitute securities inPanama, Singapore or any relevant jurisdiction. GUU may only be utilised on the UnUniFi Protocol, andownership of the same carries no rights, express or implied, other than the right to use GUU as a means10

to enable usage of and interaction within the UnUniFi Protocol. The secondary market pricing of GUU
is not dependent on the eﬀort of the UnUniFi Project Contributors, and there is no token functionality
or scheme designed to control or manipulate such secondary pricing. Further, GUU provides the economic incentives which will be distributed to encourage users to exert eﬀorts towards contribution andparticipation in the ecosystem on the UnUniFi Protocol, thereby creating a mutually beneﬁcial system
where every participant is fairly compensated for its eﬀorts. GUU is an integral and indispensable part of
the UnUniFi Protocol, because without GUU, there would be no incentive for users to expend resources
to participate in activities or provide services for the beneﬁt of the entire ecosystem on the UnUniFi
Protocol. Given that additional GUU will be awarded to a user based only on its actual usage, activity
and eﬀorts made on the UnUniFi Protocol and/or proportionate to the frequency and volume of transactions, users of the UnUniFi Protocol and/or holders of GUU which did not actively participate will
not receive any GUU incentives. The UnUniFi Protocol itself is simply a blockchain protocol which, as
designed, does not own or run any computing/storage servers. It relies on an open, decentralised networkof validator nodes which operate on an open source algorithm to verify, process and share pricing information and platform transactions. Accordingly, third-party computing/bandwidth/storage resources are
required for maintaining the network and providers of these services / resources would be paid for the
consumption of resources to maintain network integrity (i.e. ”mining” on the UnUniFi Protocol), andGUU will be used as the native currency to quantify and pay the costs of the consumed resources. As an
indication of commitment to the system (to ﬁlter genuine transactions and minimise network chatter)and to encourage higher performance and availability, validators would be required to place an amount of
GUU as security deposit before it may participate in network maintenance/support. Conversely, GUU is
also used as a deterrent for penalising validators or providers for various oﬀences (e.g. erroneous data orother malicious acts) - penalties include reduction of reputation rating, deducting incentives, deducting
the stake (or part thereof) or temporarily or permanently expelling the validator / provider from thepool. It is anticipated that the community of GUU holders would comprise a diverse ﬁeld of developers,
professionals and supporters of the project to develop the UnUniFi Protocol (including without limitation experts in software development, blockchain technology, cryptography, artiﬁcial intelligence, law or
ﬁnance), which will be able to share and exchange balanced views on the overall direction of the project.
To promote decentralised community governance for the network, GUU would allow holders to propose
and vote on governance proposals to determine future features, upgrades and/or parameters of the UnUniFi Protocol, or provide feedback, with voting weight calculated in proportion to the tokens staked.
The right to vote is restricted solely to voting on features of the UnUniFi Protocol; it does not entitle
GUU holders to vote on the operation and management of the Company, its aﬃliates, or their assets or
the disposition of such assets to token holders, or select the board of directors or similar bodies of these
entities, or determine the development direction of these entities, nor does GUU constitute any equity
interest in any of these entities or any collective investment scheme; the arrangement is not intended to
be any form of joint venture or partnership.

11

UsageSupply[%]Ecosystem Development

30%

Assignment for validators

15%

Assignment for UnUniFi Project Contributors

15%

Assignment for UnUniFi Development Fund

5%

Marketing

14%

Treasury

10%

Advisor1%linear 6 months from the time of grant

Assignment for business partners

10%1-yr full locked, linear 24 months

8 Tokens speciﬁcations
Name

SymbolDenom in blockchain

GUU

GUU

uguu

9 Tokens speciﬁcations
initial Supply

1,000,000,000 GUU

Inﬂation rate range

7% - 20%

10 Governance speciﬁcations
Minimum deposit for voting

1,000,000uguu=1GUU

11 Staking speciﬁcations
Max validators

100

Bonding denom

uguu

12

Vesting
Vesting term depending on the situation.
Minimum 1-yr linear vesting
1-yr full locked, linear 12 months
1-yr full locked, linear 36 months
1-yr full locked, linear 60 months
1-yr full locked, linear 36 months
1-yr full locked, linear 60 months
Early purchases(1-yr full locked, linear 36 months)
Vesting term depending on the situation.
Minimum 1-yr linear vesting12 About Us
The UnUniFi Protocol is owned by the UnUniFi Project Contributors.

13 Legal Disclaimer
PLEASE READ THE ENTIRETY OF THIS ”LEGAL DISCLAIMER” SECTION CAREFULLY.
NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND
YOU ARE STRONGLY ADVISED TO CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR
OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER UNUNIFI S.A. (THE COMPANY), ANY OF THE PROJECT CONTRIBUTORS (THE UNUNIFI PROJECT CONTRIBUTORS) WHO HAVE WORKED ON THE UNUNIFI PROTOCOL (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE UNUNIFI PROTOCOL IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR AND/OR VENDOR OF GUU TOKENS(OR SUCH OTHER RE-NAMED OR SUCCESSOR TICKER CODE OR NAME OF SUCH TOKENS)(THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OFDIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE PAPER, DECK OR MATERIAL RELATING TO GUU (THETOKEN DOCUMENTATION) AVAILABLE ON THE WEBSITE AT HTTPS://UNUNIFI.IO/ (THEWEBSITE, INCLUDING ANY SUB-DOMAINS THEREON) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED OR COMMUNICATED BY THE COMPANY OR ITS REPRESENTATIVESFROM TIME TO TIME.
Project purpose: You agree that you are acquiring GUU to participate in the UnUniFi Protocol and toobtain services on the ecosystem thereon. The Company, the Distributor and their respective aﬃliates
would develop and contribute to the underlying source code for the UnUniFi Protocol. The Company isacting solely as an arms

length third party in relation to the GUU distribution, and not in the capacity

as a ﬁnancial advisor or ﬁduciary of any person with regard to the distribution of GUU.
Nature of the Token Documentation: The Token Documentation is a conceptual paper that articulates
some of the main design principles and ideas for the creation of a digital token to be known as GUU.
The Token Documentation and the Website are intended for general informational purposes only anddo not constitute a prospectus, an oﬀer document, an oﬀer of securities, a solicitation for investment,
any oﬀer to sell any product, item, or asset (whether digital or otherwise), or any oﬀer to engage inbusiness with any external individual or entity provided in said documentation. The information herein
may not be exhaustive and does not imply any element of, or solicit in any way, a legally-binding orcontractual relationship. There is no assurance as to the accuracy or completeness of such informationand no representation, warranty or undertaking is or purported to be provided as to the accuracy orcompleteness of such information. Where the Token Documentation or the Website includes informationthat has been obtained from third party sources, the Company, the Distributor, their respective aﬃliates
and/or the UnUniFi Project Contributors have not independently veriﬁed the accuracy or completeness13

of such information. Further, you acknowledge that the project development roadmap, platform/network
functionality are subject to change and that the Token Documentation or the Website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or
correct this document in connection therewith.
Validity of Token Documentation and Website: Nothing in the Token Documentation or the Website
constitutes any oﬀer by the Company, the Distributor, or the UnUniFi Project Contributors to sell any
GUU (as deﬁned herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or
be relied upon in connection with, any contract or investment decision. Nothing contained in the Token
Documentation or the Website is or may be relied upon as a promise, representation or undertaking as
to the future performance of the UnUniFi Protocol. The agreement between the Distributor (or any
third party) and you, in relation to any distribution or transfer of GUU, is to be governed only by theseparate terms and conditions of such agreement.
The information set out in the Token Documentation and the Website is for community discussion only
and is not legally binding. No person is bound to enter into any contract or binding legal commitment
in relation to the acquisition of GUU, and no digital asset or other form of payment is to be accepted on
the basis of the Token Documentation or the Website. The agreement for distribution of GUU and/or
continued holding of GUU shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued
holding of GUU (the Terms and Conditions), which shall be separately provided to you or made available
on the Website. The Terms and Conditions must be read together with the Token Documentation. In
the event of any inconsistencies between the Terms and Conditions and the Token Documentation or theWebsite, the Terms and Conditions shall prevail.
Deemed Representations and Warranties: By accessing the Token Documentation or the Website (orany part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, theirrespective aﬃliates, and the UnUniFi Project Contributors as follows:(a) in any decision to acquire any GUU, you have not relied and shall not rely on any statement set out
in the Token Documentation or the Website;(b) you shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);(c) you acknowledge, understand and agree that GUU may have no value, there is no guarantee or representation of value or liquidity for GUU, and GUU is not an investment product nor is it intended forany speculative investment whatsoever;(d) none of the Company, the Distributor, their respective aﬃliates, and/or the UnUniFi Project Contributors shall be responsible for or liable for the value of GUU, the transferability and/or liquidity of
GUU and/or the availability of any market for GUU through third parties or otherwise; and(e) you acknowledge, understand and agree that you are not eligible to participate in the distributionof GUU if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card or
permanent visa holder of a geographic area or country (i) where it is likely that the distribution of GUU
would be construed as the sale of a security (howsoever named), ﬁnancial service or investment productand/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation,14

treaty, or administrative act (including without limitation the United States of America, Canada, and
the People’s Republic of China); and to this eﬀect you agree to provide all such identity veriﬁcation
document when requested in order for the relevant checks to be carried out.
The Company, the Distributor and the UnUniFi Project Contributors do not and do not purport to make,and hereby disclaims, all representations, warranties or undertaking to any entity or person (including
without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contentsof the Token Documentation or the Website, or any other materials published by the Company or theDistributor). To the maximum extent permitted by law, the Company, the Distributor, their respectiveaﬃliates and service providers shall not be liable for any indirect, special, incidental, consequential orother losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arisingfrom default or negligence on the part of any of them, or any loss of revenue, income or proﬁts, and lossof use or data) arising from the use of the Token Documentation or the Website, or any other materials
published, or its contents (including without limitation any errors or omissions) or otherwise arising inconnection with the same. Prospective acquirors of GUU should carefully consider and evaluate all risks
and uncertainties (including ﬁnancial and legal risks and uncertainties) associated with the distributionof GUU, the Company, the Distributor and the UnUniFi Project Contributors.
GUU Token: GUU are designed to be utilised, and that is the goal of the GUU distribution. In particular, it is highlighted that GUU:(a) does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does
any person make any representation or give any commitment as to its value);(b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset)
or any payment obligation by the Company, the Distributor or any of their respective aﬃliates;(c) does not represent or confer on the token holder any right of any form with respect to the Company,
the Distributor (or any of their respective aﬃliates), or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security,
any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, ﬁnancial statements or other ﬁnancial data, the right torequisition or participate in shareholder meetings, the right to nominate a director, or other ﬁnancial or
legal rights or equivalent rights, or intellectual property rights or any other form of participation in or
relating to the UnUniFi Protocol, the Company, the Distributor and/or their service providers;(d) is not intended to represent any rights under a contract for diﬀerences or under any other contract
the purpose or intended purpose of which is to secure a proﬁt or avoid a loss;(e) is not intended to be a representation of money (including electronic money), payment instrument, security, commodity, bond, debt instrument, unit in a collective investment or managed investment schemeor any other kind of ﬁnancial instrument or investment;(f) is not a loan to the Company, the Distributor or any of their respective aﬃliates, is not intended torepresent a debt owed by the Company, the Distributor or any of their respective aﬃliates, and there is
no expectation of proﬁt nor interest payment; and(g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective aﬃliates.
15

Notwithstanding the GUU distribution, users have no economic or legal right over or beneﬁcial interestin the assets of the Company, the Distributor, or any of their aﬃliates after the token distribution.
To the extent a secondary market or exchange for trading GUU does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of GUU and the UnUniFi
Protocol. Neither the Company nor the Distributor will create such secondary markets nor will either
entity act as an exchange for GUU.
Informational purposes only: The information set out herein is only conceptual, and describes the future
development goals for the UnUniFi Protocol to be developed. In particular, the project roadmap in
the Token Documentation is being shared in order to outline some of the plans of the UnUniFi ProjectContributors, and is provided solely for INFORMATIONAL PURPOSES and does not constitute any
binding commitment. Please do not rely on this information in deciding whether to participate in thetoken distribution because ultimately, the development, release, and timing of any products, features orfunctionality remains at the sole discretion of the Company, the Distributor or their respective aﬃliates,
and is subject to change. Further, the Token Documentation or the Website may be amended or replaced
from time to time. There are no obligations to update the Token Documentation or the Website, or toprovide recipients with access to any information beyond what is provided herein.
Regulatory approval: No regulatory authority has examined or approved, whether formally or informally,
any of the information set out in the Token Documentation or the Website. No such action or assurance
has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The
publication, distribution or dissemination of the Token Documentation or the Website does not imply
that the applicable laws, regulatory requirements or rules have been complied with.
Cautionary Note on forward-looking statements: All statements contained herein, statements made inpress releases or in any place accessible by the public and oral statements that may be made by theCompany, the Distributor and/or the UnUniFi Project Contributors, may constitute forward-looking
statements (including statements regarding the intent, belief or current expectations with respect tomarket conditions, business strategy and plans, ﬁnancial condition, speciﬁc provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements
given that these statements involve known and unknown risks, uncertainties and other factors that may
cause the actual future results to be materially diﬀerent from that described by such forward-looking
statements, and no independent third party has reviewed the reasonableness of any such statements orassumptions. These forward-looking statements are applicable only as of the date indicated in the Token
Documentation, and the Company, the Distributor as well as the UnUniFi Project Contributors expressly
disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking
statements to reﬂect events after such date.
References to companies and platforms: The use of any company and/or platform names or trademarks
herein (save for those which relate to the Company, the Distributor or their respective aﬃliates) does not
imply any aﬃliation with, or endorsement by, any third party. References in the Token Documentationor the Website to speciﬁc companies and platforms are for illustrative purposes only.
English language: The Token Documentation and the Website may be translated into a language otherthan English for reference purpose only and in the event of conﬂict or ambiguity between the English
16

language version and translated versions of the Token Documentation or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language
version of the Token Documentation and the Website.
No Distribution: No part of the Token Documentation or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company or the Distributor.
By attending any presentation on this Token Documentation or by accepting any hard or soft copy of
the Token Documentation, you agree to be bound by the foregoing limitations.

13.1 Risk of Losing GUU due to Loss of Private Key
The private key itself or a combination of private key shall be necessary for the disposal of the User’s
GUU, and the management of the private key shall be managed under the User’s own authority andresponsibility. The loss of the private keys associated with the wallet in which the user’s GUU is stored
is the same as the loss of the GUU itself. Phishing attacks against you or the GUU on your device may
result in loss of GUU due to malware attacks, DoS attacks, consensus-based attacks, or any other formof attack.

13.2 Risks Related to the UnUniFi Protocol
Since GUU is based on the UnUniFi Protocol any malfunction, failure or failure of the UnUniFi
Protocol may have a material adverse eﬀect on GUU and may render GUU temporarily unusable.

13.3 Risk of mining attacks
GUU, like other distributed cryptographic tokens based on public chain protocols, may be subject tomining attacks during the veriﬁcation of token transactions on the blockchain. These attacks may posea risk to the recording of transactions related to GUU.

13.4 Changes in Laws and Regulations and Taxation Risk
There may be future changes in laws, government ordinances, statutes, regulations, orders, notices,
guidelines, or other regulations or taxation systems related to GUU. You are responsible for making yourown decisions regarding the taxation of the GUU.

13.5 Risks Due to Input Errors and Other Factors by User
There is a risk of unintended transaction results due to input errors or any other actions by the User,
failure, malfunction or operational status of the User’s or a third party’s communication or systemequipment, natural disasters, cyber attacks or any other causes.

1713.6 Relationship between Users
Any transactions, communications, disputes, etc., arising between users and other users or third parties
in relation to the Company’s website shall be the responsibility of the users.

14 Contributions
We have already made some little contributions to the Cosmos ecosystems.
https://github.com/cosmos-client/cosmos-client-ts

15 Contact
To contact us on the UnUniFi topic, please create an issue ticket in GitHub.
https://github.com/UnUniFi

18