We had been working for liquidity pool solution for the last few weeks and ready to introduce you Component. All details you can pick up from the article below. Component will be valuable part of Unit Protocol ecosystem and provide significant utility for USDP users.
https://www.notion.so/Introduction-of-Component-383c9d2cd6714f5f9c0867ff6e174880
https://www.notion.so/Introduction-of-Component-383c9d2cd6714f5f9c0867ff6e174880
Gleb on Notion
Introduction of Component
During the Unit protocol development, we faced difficulties with finding a reliable, flexible protocol for stablecoin swap without interface censorship where anyone can add their pools and any person will not filter it.
New Stability fees and collateral parameters update
https://www.notion.so/Stability-fees-and-parameters-update-02-02-2021-36efa430e4e84d268a3b3e3b83cfe0d5
https://www.notion.so/Stability-fees-and-parameters-update-02-02-2021-36efa430e4e84d268a3b3e3b83cfe0d5
We are happy to announce that BADGER token has been added to Unit Protocol as available collateral. Now you can utilize your BADGER holdings to mint stablecoin USDP via https://app.unit.xyz and swap it with https://component.finance/ to USDC\USDT\DAI\sUSD.
The stability fee for $STAKE as collateral in Unit protocol was reduced to 10%, use up to 59% of your STAKE value to mint USDP via https://app.unit.xyz/ and swap it with https://component.finance/ to main stablecoins in just a few clicks. Keep benefits of STAKE growth with liquidity for additional opportunities.
Unit protocol has achieved new milestone. https://app.unit.xyz/
Based on growing demand and solid market state, we have increased USDP borrowing limit for Keep3r to $1.5m.
We want to remind you that there many other collaterals which possible to use only(!) in Unit Protocol such as HEGIC, BADGER, GRT, DPI, BAND, SUSHI, MTA, PICKLE, PERP, OCEAN, DUSD, mUSD, OMG, etc.😉 as well as many Sushi and Uniswap LP tokens. Check it out https://app.unit.xyz/ .
Don't sell your tokens - borrow USDP, swap via Component https://component.finance/ to main stalecoins, and utilize the value anywhere you want. Or use USDP directly and spread the adoption.
We want to remind you that there many other collaterals which possible to use only(!) in Unit Protocol such as HEGIC, BADGER, GRT, DPI, BAND, SUSHI, MTA, PICKLE, PERP, OCEAN, DUSD, mUSD, OMG, etc.😉 as well as many Sushi and Uniswap LP tokens. Check it out https://app.unit.xyz/ .
Don't sell your tokens - borrow USDP, swap via Component https://component.finance/ to main stalecoins, and utilize the value anywhere you want. Or use USDP directly and spread the adoption.
We have some good news. New tokens have been added to Unit protocol as available collaterals: FTM, COVER, and YAM.
Mint USDP based on your token collateral value https://app.unit.xyz/ , swap via Component to main stables https://component.finance/ , or stake it in the pool to participate in Component governance token distribution. You can easily use USDP just like any other stablecoin as well.
Mint USDP based on your token collateral value https://app.unit.xyz/ , swap via Component to main stables https://component.finance/ , or stake it in the pool to participate in Component governance token distribution. You can easily use USDP just like any other stablecoin as well.
We are happy to announce that our dapp https://unit.xyz/ has new fancy design. It is light and neat. Now borrow USDP based on your precious collateral token is even more comfortable. Pink is the new black.
Don't sell your favorite token; use it as collateral and mint stablecoin USDP. Release the value inside https://unit.xyz/
You could lock your CRV via Yearn veCRV Vault https://crv.ape.tax/ to receive a higher return for your locked CRV. But now, you can also use the Vault token as collateral in Unit Protocol https://unit.xyz/ to mint USDP and utilize the value of your locked CRV even more efficiently.
Unit Protocol DUCK token Buy&&Burn event has occurred a second time. All fees accumulated in treasuries have been converted to DUCK and burned again.
Transaction link: https://etherscan.io/tx/0xd05cca59370938c7fd96db7c356156c6eda584f531ff0dc1c9a44428bb247252
Transaction link: https://etherscan.io/tx/0xd05cca59370938c7fd96db7c356156c6eda584f531ff0dc1c9a44428bb247252
Unit Protocol insurance functionality is available via Cover Protocol.
Link: https://app.coverprotocol.com/app/marketplace/protocols/UNIT
Explanation of how you can use Cover protocol for your insurance you can find in docs:
https://docs.coverprotocol.com/
Link: https://app.coverprotocol.com/app/marketplace/protocols/UNIT
Explanation of how you can use Cover protocol for your insurance you can find in docs:
https://docs.coverprotocol.com/
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 😉.
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
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/
Main dapp: https://jorropo.ovh/ipfs/QmY1gxTnXqFxFzyAefL4qpr5VrVKvUmPgbYWy4hiknBMQX/
Liquidation: https://jorropo.ovh/ipfs/QmVDbe28QJbcbraFE8QBoFExDkTG4unNtPiacJ19shyr39/
Unit Protocol (DUCK) on Sushi
https://app.sushi.com/token/0x92e187a03b6cd19cb6af293ba17f2745fd2357d5
DUCK-ETH Pair
https://app.sushi.com/pair/0x69aa90c6cd099bf383bd9a0ac29e61bbcbf3b8d9
USDP-DUCK Pair
https://app.sushi.com/pair/0xfe308fe2eb938f772807aec2e87fc762d47c40e0
USDP-ETH Pair
https://app.sushi.com/pair/0xb0484fb3ac155aaf7d024b20f1a569ddd6332c32
https://app.sushi.com/token/0x92e187a03b6cd19cb6af293ba17f2745fd2357d5
DUCK-ETH Pair
https://app.sushi.com/pair/0x69aa90c6cd099bf383bd9a0ac29e61bbcbf3b8d9
USDP-DUCK Pair
https://app.sushi.com/pair/0xfe308fe2eb938f772807aec2e87fc762d47c40e0
USDP-ETH Pair
https://app.sushi.com/pair/0xb0484fb3ac155aaf7d024b20f1a569ddd6332c32