Unit protocol Announcements

Unit Protocol TVL has reached $100m

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

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

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

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

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

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

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

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/

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 😉.

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/

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

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.

❤️🔥🦆 👉 https://unit.xyz

Don't sell your favorite token; use it as collateral and mint stablecoin USDP. Release the value inside https://unit.xyz/

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.

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.

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.

component on Duneanalytics

https://duneanalytics.com/milkyklim/component-finance

Thanks @milkyklim 😍🔥🍩