Union Finance, a credit lending protocol, launch a governance token $UNION and form a DAO organization. It is reported that the total issue of $UNION is 1 billion, of which 20% is allocated to the community DAO, 46.78% to the founding and future teams, and 33.22% to early backers. 2% is used for airdrop to the early users of the protocol. Note that $UNION is a non-transferable governance token thats earned by using the Union protocol; it can not be purchased or sold.
Union Finance is an open, permissionless, credit network protocol currently live and functioning on both Ethereum mainnet and Arbitrum.
Source Lending
DeFi
Ethereum
Arbitrum
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