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description: 'Welcome to UNIRA: The Evolution of DeFi'
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# UNIRA Intro

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In November 2018, Uniswap emerged onto the scene, a product of dedication and perseverance by Hayden Adams. It marked the culmination of years of tireless effort, navigating a path fraught with uncertainties.

Fast forward five years, and Uniswap stands as a beacon of innovation on Ethereum, a testament to its enduring significance. Since its inception, Uniswap has held its position as the most utilized dApp on the Ethereum mainnet. Its proven capability to handle billions in trading volume reinforces its unwavering strength. Notably, Uniswap has even outpaced Coinbase, securing its rank as the second-largest crypto exchange by volume.

Built on the principles of open-source and censorship resistance inherent to Ethereum, Uniswap's protocol is poised to withstand the test of time. Its success as a decentralized exchange acted as a catalyst for the DeFi ecosystem, with Uniswap leading the charge in the realm of AMM DEXes.

Inspired by this legacy, a group of passionate Ethereum and DeFi enthusiasts embarked on a mission to craft a self-sustaining DeFi protocol. The result of their resolute research is the UNIRA project.



**UNIRA redefines DeFi protocols through a sustainable tax economy, with decentralized governance at its core.**&#x20;

* The protocol is fortified by a Business DAO Treasury, fueled by recurring revenue. Under the UNIRA protocol, $UNI (Uniswap) tokens are thoughtfully accumulated for $UNIRA holders throughout a 1-year Season. This innovation rewards participants with biweekly dividends and an annual Mega reward, bolstering engagement and loyalty.
* In parallel, the UNIRA Business DAO strategically acquires NFTs from acclaimed collections, directing funding toward creators who shape the IP of these assets. This approach generates revenue, enriching the Treasury with sustainable growth.

Welcome to UNIRA – a testament to the enduring spirit of innovation, built upon the bedrock of decentralized finance and designed for perpetual prosperity.
