We are happy to introduce the new asset class as collateral - interest-bearing assets.

The first available collateral is xSUSHI. Now you can stake SUSHI in SushiBar, earn fees and at the same time use your xSUSHI (staked SUSHI) as collateral to mint USDP via unit.xyz . You can use component.finance to swap USDP 😉.

Due to DDOS, our main dapp interface may face a temporary issue. We launched an additional main dapp interface that is accessible via the address http://3.131.190.25:8080/ and liquidation dapp http://3.131.190.25:8081/

All applications are working as usual. Thank you for your patience 🦆

Unit Protocol DUCK token Buy&&Burn event has occurred the third time. All fees accumulated in treasuries have been converted to DUCK and burned again.

Total 53,043 USDP collected during the last 4 days, converted to 210,491 DUCK and burned.

Transaction link: https://etherscan.io/tx/0xb1f57fa4ba5e4d36a95e1edf2e434e9f31cf131baa78af1c9b9cc1d258ca2ee6

IPFS interfaces for Unit
Main dapp: https://jorropo.ovh/ipfs/QmY1gxTnXqFxFzyAefL4qpr5VrVKvUmPgbYWy4hiknBMQX/
Liquidation: https://jorropo.ovh/ipfs/QmVDbe28QJbcbraFE8QBoFExDkTG4unNtPiacJ19shyr39/

Team tokens have been transferred to 5 years vesting contracts. https://etherscan.io/tx/0x66ef7ff6e6008543430089e34b793988806e971fd51ee371b0590033749ae55e

Unit Protocol introduces the new collateral Anyswap ($ANY) @anyswap . Mint $USDP with unit.xyz , swap via https://component.finance/

Welcome to Sushi universe, patient ducks. Menu: USDP-ETH Pair https://app.sushi.com/pair/0xb0484fb3ac155aaf7d024b20f1a569ddd6332c32 USDP-DUCK Pair https://app.sushi.com/pair/0xfe308fe2eb938f772807aec2e87fc762d47c40e0

When we plan the initial distribution model, we considered it necessary to have high token emission at least at the start, so we created significant staking reserves. But these days, we can see that such an amount of tokens create more risk than potential benefits for the Unit Protocol. There is no need for such reserves anymore, and we would like to focus on keeping value inside Unit Protocol. The team has decided to burn 90% of staking tokens, saving 10% of them for future possible incentive programs. We consider it a significant step that closes the issue of a massive amount of undistributed tokens and adds more safety for token holders. The total value of burned tokens exceeds $100m. Link to the burn transaction:

https://etherscan.io/tx/0xc5dd43ea09d5ff362a8b384c3cb70e3a660509887ff417b2a12c6a12b9d524c2

Unit Protocol TVL has reached $100m

Now you can use your $SOCKS as collateral. Mint $USDP with unit.xyz, swap with other stables via component.finance

Borrowing limits for xSUSHI, YFI, ETH, and some other tokens have been increased.

We plan to donate $1M (3 333 333 DUCK) in tokens to the Community Fund to support educational initiatives (to support Unit Protocol) within 2-3 months. The tokens will be allocated from team vesting multisig.
The team will not participate in the Community Fund.

We hope that this will make the Protocol more balanced and decentralized.

Borrowing limits for $WBTC, $LINK, $renBTC, $MTA, $PERP, $xSUSHI, $SFI, $RGT and some others have been increased.

Unit Protocol introduces the new collaterals: $renDOGE, $renZEC, $renFIL. LP tokens:
UNI renZEC-ETH, UNI renFIL-ETH, SUSHI renDOGE-ETH . Mint $USDP with unit.xyz, swap via component.finance

Unit Protocol is live on Binance Smart Chain (BSC) https://bsc.unit.xyz . Use popular assets on BSC as collateral to mint $USDP stablecoin and use the value as you wish. All of it with small gas fees and fast confirmations. Unlock the value of your BSC tokens without the need to sell them.

We are happy to announce that Component is now available on Binance Smart Chain(BSC) https://bsc.component.finance. Now BSC has the convenient instrument to swap across main stablecoins or similar peg assets. Our first pool will be USDP(50%)\BUSD(25%)\USDT(25%). You can participate in Component governance token distribution by depositing liquidity into it. For reward distribution purposes, liquidity will be summarized across all USDP pools on three networks(Ethereum, xDAI, BSC), and all users will get a reward proportionally of provided liquidity amount.

Unit Protocol DUCK token Buy&Burn event has occurred the fourth time. All fees accumulated in treasuries have been converted to DUCK and burned again.

Total 22,759 USDP collected, converted to 62,485 DUCK via SushiSwap and burned.

Transaction link: https://etherscan.io/tx/0xb6fd13aa1126a4d2f3cf0d4ec0a05a0b6d497e92b24d45b855c7243dbd9e9fae

https://etherscan.io/tx/0xf9c551d425903327e69c3d54d8177e08c5eeece61057af69d8a7bb561d9f7136

Borrowing limits for $WETH , $WBTC , $STAKE , $MKR , $YFI , $SUSHI , $xSUSHI , $MTA , $PICKLE , $PERP , $OCEAN , $FTM and some others have been increased https://unit.xyz