UNFI is the global governance token of the Unifi DAO and powers the Global Governance Model.
UNFI harnesses the potential of liquidity providers’ UP tokens from integrated blockchains by linking all platforms across the entire multi-chain Unifi Protocol into one global governance token. This is accomplished via UP to UNFI Migration.
UNFI tokens are held in one of 4 possible classes. Class 4 tokens are the lowest and default status, moving all the way up to Elite Class 1 tokens which possess the highest amount of GGM privileges. In order for UNFI tokens to be moved from one blockchain address to another, they must be in class 4.
UNFI tokens holders can take two voluntary actions to upgrade their tokens through the Global Governance Model (GGM).
- Stake - This is the act of locking up tokens. Only Elite Class 1 tokens have an Unstake Waiting Period. All other tokens can be downgraded to Class 4 immediately by unstaking them, which enables the ability to trade with or send the tokens to another blockchain address.
- Delegate - Once UNFI tokens have been staked and enter Class 2, they are eligible to delegate to a Community CR. You are delegating your voting power in the GGM and allowing your chosen CCR to vote on proposals on your behalf.