Unit protocol Announcements
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Unit Protocol DApp (Rinkeby)
https://app.unit.xyz/
Uniswap (Rinkeby)
https://app.uniswap.org/

List of assets (Rinkeby: Ethereum Testnet)
COL, USDP, WETH, STAKE, STAKE/WETH (LP tokens), YFI, MKR, UMA, LEND, WBTC

Contract addresses to add custom tokens with Metamask:

COL
0x0F235462cA4a41EA92Fca6b7c4d67dAe0DA8d1D6
USDP
0x2905F3Dd1406797b6214Ee0654E2FB6e694C8773
WETH
0xc778417e063141139fce010982780140aa0cd5ab
STAKE
0xeED5B67BEf854D8Cb7FCa3e8220c54b3b48C461B
STAKE/WETH
0x1B50B21225c2C7B3449fF776C368d14D51d05c5a
YFI
0x62289C64a943416205142BDCcF1D752792A687e3
MKR
0xC5d9497Fd3fa13549026f2fC8048DbaE11D7114c
UMA
0xb34aDe076f9e5B40AaB8bD31694d37aec1C6f12F
LEND
0xd070437A0C4c97F4E2FF6EF9010DA2ec4fc830Eb
WBTC
0x03f1A5d11cB1C698d865756EBEdeb144898bB319
Hi guys. We would like to announce a small contest.

The launch of Unit Protocol is scheduled for November 24, 2020. It will require user-friendly DApp manuals (https://app.unit.xyz). We think that the best guidelines for using Unit Protocol can be made by a community that follows our development.

What needs to be done:
1. A useful text manual on how to use DApp is needed.
2. Video manual on how to use DApp

β€” Prize for best text manual 1000 $USDP or $1000 $DAI.
β€” Prize for the best video manual 1000 $USDP or $1000 $DAI.

The contest will take 7 days, after which the community will choose the winner.

https://forms.gle/1WwLzVoeBuRVxPST7
Hello guys,

We are happy to announce that Unit Protocol is deployed on mainnet, and you can use https://app.unit.xyz/ to access the web interface of DApp.
At the start, we imply strict limits to reduce the possible risks and check everything works as expected. Eventually, limits will be increased, and new assets will be added.

We start from the first 15 assets(9 tokens and 6 Uniswap LP tokens). At the start, each asset has a limit of 50,000 USDP just because of the soft launch.

USDP Contract
0x1456688345527bE1f37E9e627DA0837D6f08C925

Full list of assets and parameters you can see here In the picture.
Hello guys, we are planning to announce a liquidity staking economy in the upcoming days. But we can definitely say that there will be no need for such supply and we decided to burn 70% of tokens proposed for staking. But it is not the end.πŸ˜‰ Tokens will be burned tomorrow and the link to the transaction will be published here.
We are happy to share that we have finished integrating the Keep3rV1 oracle solution, and now it will be used for all current token CDPs. It reduces the price of opening CDP for users to only $4(20 Gwei)! This is quacking awesome. Try it right now https://app.unit.xyz/
Quackonomy update
As you may see in the updated dapp https://app.unit.xyz/, there are no requirements to deposit COL as additional collateral. Now you can mint USDP with selected collateral in just a few clicks. It significantly simplifies user experience and allows the Unit protocol to grow much faster. But what's about the token economy?
Unit protocol collects stability fees and liquidation fees, which will be distributed into the COL token ecosystem.
During the first year, 100% of all fees will go to the protocol ecosystem directly.
We propose 2 efficient ways how to relocate it to protocol token holders:
β€” use fees to buyout COL from the open market and burn it. 70% of total fees
β€” distribute fees to governance pool stakers. 30% of total fees
The governance pool will play a significant role in Unit Protocol decision-making system and add stability to the system, so it is essential to incentivize COL stakers and help them be involved in the voting process. We are working on the governance pool, but the infrastructure is not ready yet.
Before the moment when it is operational, all the allocated fees will be used to buyout COL from the open market and burn it. After the governance pool is ready, part of those fees (30%) will be distributed amount stakes. Future changes in governance pool part of fees proportion will be subject to governance decisions.
We think it will help Unit protocol userbase grow faster, and eventually, the total amount of fees distributed to token holders will increase. It will provide better adoption, security, and utility of Unit protocol.
We take care of our community's safety and put many resources to prevent any mistakes in contracts. There is no risk for funds in the Unit protocol, and the COL token is safe. Everything works as planned so far.

We have reviewed the community proposal (Pink Duck: An implementation for vastly superior memonomics and quackonomy) and found a critical bug in it: https://github.com/banteg/pink-duck/blob/master/contracts/Duck.vy#L60-L63

There is a vulnerability in the contract Duck.vy
The attack vector is provided below
1. User deposits his total COL balance to Duck.vy contract calling quack_quack function and receives divided by 100 amount of DUCK's
2. User transfers the minted DUCK's to another address leaving 1e-18 DUCK's on his balance
3. User withdraws previously packed COL amount calling pussy_out function, the contract burns the dust of DUCK on the user's balance
The packed COL is redeemed for the dust of DUCK
All of the previously minted DUCK's stays on another address except the burned dust.

We can't risk compromising our users' safety, and soon we will make the community vote about token rebranding. Be good duck - be alive duck. Stay quacking safe.
We are ready for community vote about Unit protocol ticker. You can vote with a snapshot of your balance here. No need to send any transactions, you will need just to sign the vote.

https://snapshot.page/#/unitprotocol.eth/proposal/QmYSRbD3YFFasDwLLpBeU7B8eMnCcc6YDhFb2XpNvw69gB
We have the first community initiated vote about the token split ratio. You can vote here: https://snapshot.page/#/unitprotocol.eth/proposal/QmaqKLBF43a9DuNXqVs7aY5GpQ28PWgz3sWo6Va5FpEJ8p
Recently 2 community votes have been finished https://snapshot.page/#/unitprotocol.eth . We are ready to publish the result of the Ticker vote. 105 people participated in the voting and 87.06%(2.43 billion $COL tokens) voted for migration to the $DUCK ticker. Also, the community voted for the split, total supply will decrease 100 times. COL will be swapped to DUCK 100:1, for 100 COL you will get 1 DUCK. We will prepare everything necessary for smooth migration and publish instructions in the upcoming days.

Be careful, there is no DUCK token yet. We heard many projects try to copy DUCK, don't get scammed.πŸ˜‰

Quackers gonna quack.
Now you can mint USDP for UNI, AAVE, COMP, SNX, LINK, UMA, renBTC, HEGIC, and their LP Uniswap ETH pairs. With this update, you can also use the COL-ETH Uniswap LP token as collateral. Also, we increased limits for every asset. Full list of available collaterals and limits you can find here.
We want to announce about team tokens' plans: all team tokens will be locked for 5 years with linear unlock. The lock contract will be deployed within a month. We will announce when everything is ready. Smart duck - long-term quack.
Unit Protocol core token $DUCK is fully integrated in app.unit.xyz . Now you can mint $USDP with the most quack collateral πŸ¦†
Trustwallet, WalletConnect, MEW is now available in the migration app https://migration.unit.xyz/