Uniflash

Basics

• From EthHub #102 (25-2-2020):

"Uniflash is a decentralized flash loan protocol that gives all fees to users. It currently supports Ether and ERC20 tokens."

• Is still (24-2-2020) on Goerli Testnet.

Tech

• From it's GitHub which can be found here:

"Fee mechanism

For each token (including Eth), there are 10 pools initialized with fee rate ranging from 0.01%, 0.02%, to 0.10%. Users are free to choose a pool with a matched fee rate.

Why not a dynamic fee rate? The reasons are: 1. It's done on purpose to avoid using any price oracle to quantify the volume of each pool, so as to keep the protocol as simple as possible. 2. If the initial fee is high, then nobody would use it. The protocol would be stuck in the cold-start phase. However, with the current design, users are able to switch between pools with different fee rates. 3. Even though discrete fee rates are used, the pool sizes could change according to demands and supplies."

Audits

• "Uniflash is not audited yet" (5-3-2020)

Team, investors, partners

• Cheng Wang; creator