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Unit protocol Announcements Unit protocol Announcements @unit_ann · 239 subscribers
Post #151 1.3K
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.
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