Unit protocol Announcements
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Forwarded from Unit Protocol Pulse
Liquidation events moved to the special channel @unit_protocol_liquidations
Unit Protocol introduces the new collaterals: cWBTC, cUNI, cLINK, cCOMP, cDAI, cUSDT. Mint $USDP with http://unit.xyz , swap via http://curve.fi/usdp
Some stats for early adopters:

Income USDP to treasury for the last 40 days (From May-13-2021 02:40:38 PM +UTC): 3,925,610 USDP

Converted to USDC from USDP: 3,933,059

3,933,059 USDC converted to 8,616,614 DUCKS

Average purchase price per DUCK: 0.456$

The bought-back Ducks were burned: https://etherscan.io/token/0x92e187a03b6cd19cb6af293ba17f2745fd2357d5?a=0x000000000000000000000000000000000000dead

Treasury address: https://etherscan.io/address/0x9cf0389322fedd2a3dceacac0c3108c8151615a3
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Unit Protocol introduces the new collaterals: yvWETH, yvWBTC, yvSNX, yvLINK, yvUNI, yv3CRV, yvYFI, yv1INCH, yvUDST, yvDAI, yvUSDC, yvSUSD.
Mint $USDP with http://unit.xyz , swap via http://curve.fi/usdp
Leveraged yield farming is here. Unit Protocol introduces the new collaterals: yvcrvFRAX, yvcrvBUSD, yvcrvUST, yvcrvHUSD, yvcrvUSDN, yvcrvTUSD.
Mint $USDP with http://unit.xyz , swap via http://curve.fi/usdp
Unit Protocol introduces the new collateral Wootrade Network (WOO). Mint $USDP with unit.xyz , swap via https://curve.fi/usdp
Unit Protocol introduces the new collateral Keep Network (KEEP). Mint $USDP with unit.xyz , swap via https://curve.fi/usdp
Unit Protocol introduces the new collateral Shiba Inu ( $SHIB )
. Mint $USDP with unit.xyz , swap via https://curve.fi/usdp
The Silent Revolution. You can now mint $USDP at fixed annual stabilization rate of 2.9% by using more than 130 collateral types. Mint $USDP with unit.xyz , swap via https://curve.fi/usdp
We’re excited to welcome FTX Token ( $FTT) to Unit Protocol. FTX has a 20mn USDP limit on borrowing when used as collateral, and a stabilization fee of just 1.9%.
We’re excited to welcome Huobi Token ( $HT ) to Unit Protocol. HT has a 20mn USDP limit on borrowing when used as collateral, and a stabilization fee of just 1.9%. The data oracle network comes courtesy of Chainlink. Quack on 🦆🦆
A huge welcome from Unit Protocol to OKB. The $OKB token has a 20mn USDP limit on borrowing when used as collateral, and a stabilization fee of just 1.9%. Have a quacking weekend everyone!

Mint $USDP with https://unit.xyz/okb , swap via https://curve.fi/usdp or https://component.finance
Since the inception, our goal always was to allow $DUCK holders to capture value from Unit Protocol operations.
Previously it was done via a burning mechanism, and over the course of 6 months, we have burnt 391,408,535 $DUCK tokens, with an estimated value at the time of writing of almost $38 million.
But today, we’re excited to announce $DUCK staking.

So, what is qDUCK, and how does it work?
Unit Protocol collects two types of fees - Stability Fee & Liquidation Fee. These fees are collected inside the protocol treasury.
You can see statistics of fees collected on the community-run quackprofits.xyz website. So far Unit Protocol generated a total of 4,947,985 USDP in profits.

qDUCK smart contract uses the protocol treasury to buy $DUCK tokens from the open market every set interval of time and adds them to the qDUCK pool, distributing profits to $DUCK stakers.
How to get qDUCK?
First, go to unit.xyz/staking
You need to accept terms and connect your wallet.
Approve & Stake your $DUCK.
So, since rolling out our protocol, we’ve seen a grand total of 1,070,287,127 USDP minted. That’s right—three commas! If you haven’t experienced Unit Protocol yet, come give us a try. You’d be quackers not to!

Mint $USDP with https://unit.xyz/ , swap via https://curve.fi/usdp or https://component.finance
We've just launched our CDP explorer! Now you can search all the CDPs on Unit Protocol by collateral or owner. Super useful for those who want to gain some insights into the risk appetite for different collaterals. Check it out at https://explorer.unit.xyz.