UNCX Network, the leading provider of liquidity lockers, is thrilled to announce the launch of its latest update, which brings a sleek new user interface (UI) dedicated exclusively to their locker service. The update also includes support for liquidity locking on UniSwap v3 and PancakeSwap v3, along with a range of flexible and exciting new features.
Tallinn, Estonia, June 28, 2023 (GLOBE NEWSWIRE) -- The separation of the locker service onto its own UI is a strategic move aimed at enhancing the user experience for those seeking liquidity locker data. This update also aligns with the remarkable growth of UNCX Network's locking service offering.
To explore the enhanced features and experience the revamped UI, visit: https://univ3.uncx.network/lock/univ3/explore
The new features introduced in this update are as follows:
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Locking: This feature enables token developers and liquidity providers to lock their UniSwap V3 NFT position for a predetermined and immutable period of time.
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Withdraw: Token developers and liquidity providers can now conveniently withdraw their locked liquidity position, represented by an NFT, from UniSwap V3.
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Migrate: UNCX Network recognizes the evolving market demands and potential protocol changes, such as the anticipated migration of UniSwap V3 to V4. In response, the platform has incorporated migration functions that allow liquidity locking users to seamlessly transition to the latest available protocols. It is important to note that migrations are subject to comprehensive security assessments, or "audits," and can only be activated by lock owners based on their specific needs. The lock parameters remain unchanged and immutable throughout the migration process.
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Relock: Token developers and liquidity providers now have the ability to extend the duration of their initial liquidity lock by utilizing the relock feature.
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Transfer of Ownership: This feature empowers token developers and liquidity providers to transfer the ownership of their liquidity lock. The new owner can then interact with the functions associated with the lock.
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Accept Ownership: In the event of a lock ownership transfer, the new owner must accept the request for the lock to be transferred. This additional step mitigates the risk of inadvertently transferring ownership to incorrect addresses, such as burn addresses.
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Decrease Liquidity: Once the liquidity lock has expired, owners can decrease the liquidity by making a partial withdrawal. This functionality proves valuable when users intend to relock the remaining portion of the expiring lock. Moreover, this feature helps users save on gas fees since withdrawing, removing, and creating a new lock is more gas-intensive compared to simply decreasing liquidity and relocking.
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Increase Liquidity: Liquidity lock users can now add liquidity to an existing lock, thereby expanding their position while maintaining the same locking parameters.