PILOT meaning in Cryptocurrency ?

Answer:

What Is Unipilot (PILOT)?

Unipilot saves liquidity providers from the hassle of manual oversight through automated liquidity optimization and management.

The aim of the Pilot protocol is to ensure maximum capital efficiency by allocating the right mix of capital to each of Uniswap’s liquidity pools existing on its platform.

The challenge with concentrated liquidity is keeping it in the active price range so that it consistently earns fees through trades. The more time the capital is locked in the active price range the more trading fees it earns.

If price fluctuates and capital goes out of the price range it does not earn any fees. Unipilot solves this problem by allocating capital to the narrowest price range to earn the maximum amount of fees. Even minor optimizations in price ranges can impose drastic changes in terms of capital efficiency.

Apart from offering optimized liquidity positions, the Pilot protocol also auto-rebalances liquidity in appropriate price ranges to cater to the changing market prices. In addition to that, the transaction cost involved with readjusting liquidity is also disbursed by the protocol so liquidity providers don't have to worry about the increasing gas costs on Ethereum.

Universal Liquidity Optimization

Uniswap v3 has introduced a breakthrough design improvement in the form of ‘Concentrated liquidity’ in the automated market-making (AMM) ecosystem. With the traction that liquidity farming has gained within a month, we can assume other decentralized exchanges following the same model in the near future. For this purpose, we introduce the concept of universal liquidity optimization which indicates that the protocol will be compatible with all other AMM’s that may adopt the concentration liquidity mechanisms in future.

The PILOT TokenThe PILOT token is a governance/utility tokenThe PILOT token is designed in a way that allows the token to be backed by hundreds of tokens.It will attain further utility with the Pilot protocol as new features are implemented.What Makes Unipilot Unique?

The launch of Uniswap v3 introduced a new niche in the market and gave a perfect opportunity for services such as “Liquidity Optimizers” to address it. The release of the “Concentrated Liquidity” feature called for services that can manage the complexities of providing “in range” liquidity on v3 while reaping the rewards of a more profitable protocol.

Today, there are three services that have emerged as front runners in this sector: “Unipilot”, “Visor Finance” and “Lixir Finance”.

We will look at what they offer users and how they differ from each other.

Providing and managing liquidity

Fundamentally, all three services allow users to deposit their liquidity into an automatically optimized Vault / Pool, that generates an NFT for the user representing their share of the pool.

Optimizing Liquidity price ranges

For users to earn fees their liquidity must sit within the right price range so that it can sustain trades. Unipilot uses its efficient smart contract architecture to achieve the best optimization. The “Concentration Incentive” rewards anyone with $PILOT tokens for calling the readjustment function when liquidity ranges deviate from the actual trading price.

Support from the Index Fund

Unipilot sustains its protocol with a structure that is secure and not reliant on external exchange trading. All the protocol earnings are transferred to the “Index Fund” that will grow and retain its value as the protocol continues to generate fees. All the tokens it accumulates are locked within it unless$ PILOT tokens are burned to release them. This makes the PILOT token deflationary and helps to keep its value pegged to the Index Fund. Read more about the Pilot Index Fund.

Where Can I Buy a Unipilot (PILOT)?

PILOT is available for trading on Uniswap against ETH, with more pairs and exchanges to be added in future.

Here are some other articles that you may be interested in:

100,000 $PILOT Liquidity mining program.

Unipilot - Multisig Transparency.

How Unipilot is different from other Automated Liquidity Managers.

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