Is Uniqo a sustainable way to earn 1% daily?

The beauty of the DeFi space is that it offers opportunities that were once thought to be impossible. In traditional finance a well performing asset may reward you with 1% monthly, while in DeFi you can earn this (and more!) on a daily basis.

Unfortunately the recurring trend for these type of projects is that their tokens are unable to maintain their value for a long period of time. As a result many investors lose money, despite these daily returns.

Uniqo is yet another project to reward 1% daily. In their attempt to prevent the UNIQO token from losing value, they came up with what they call a Rebound Protocol.

In this article I will take a closer look at how the protocol works, if I believe in the sustainability of the project and lastly I will reveal if I’ve decided to invest.

How Uniqo works

By simply holding UNIQO, you will be rewarded with interest every thirty minutes. This is similar to what we know from rebase protocols like Titano. Over a day these rewards add up to 1%.

It’s important to realize that once you buy UNIQO, your tokens are locked.

The frequency at which you can sell is limited to once every 24 hours and the amount that you can sell is determined by the Daily Take Profit (DTP) ratio.