Unit protocol Announcements

Unit Protocol DUCK token Buy&Burn event has occurred for the seventh time . All fees accumulated in treasuries have been converted to DUCK and burned again.
Transaction link:
https://etherscan.io/tx/0xb330b999343dea5b732be21b0752f3bf3ab2052aec58c01962a95498a6f2c5e9

Unit Protocol DUCK token Buy&Burn event has occurred for the sixth time. All fees accumulated in treasuries have been converted to DUCK and burned again.
Transaction link: https://etherscan.io/tx/0x0d049926a5f993dc9b95c615a44d0126cb718868b08cfcc59facc880aa000ec6

Since we started, we have only evolved with the help of our community. Including the support of the community admins. You have never received any compensation for this. It's time to fix that. We want to allocate $150K in tokens to each admin (150000$/0.379896) 394844.90 DUCK total. Tokens will be distributed with a 5 year linear vesting, like the team. We hope this will create long-term motivation in the development of the project.
Distribution will be made from the team tokens in the coming days.

Unit Protocol DUCK token Buy&Burn event has occurred the fifth time. All fees accumulated in treasuries have been converted to DUCK and burned again.

Transaction link:
https://etherscan.io/tx/0xb0b410345f06a72e4e198de4f5920f4fbaba527fb6ff16eaf45139685c0abe79

Mint $USDP with unit.xyz , swap via component.finance

We are happy to announce the full integration of Chainlink oracle in Unit protocol. Now Unit protocol can support all the current assets from the Chainlink feed, and it will be much easier to integrate new assets in the future. We start with a limited set of collaterals but plan to extend the list very soon.

Chainlink oracle will allow us to obtain reliable and robust price data, as well as significantly increase the list of available collaterals on Unit protocol. We expect end-users will be confident to use Unit protocol with Chainlink feed.

Since Keep3r stopped updating the price feed regularly and is not functional at the level possible to use it as an oracle solution for Unit protocol, we decided to cut it entirely from the system.

We have been working on a Unit protocol oracle upgrade. USDP borrowing limits will be temporarily set to 0 for all collaterals except ETH (which takes feed from Chainlink). It will probably take a few more days to finish the upgrade. During this time, you can close your CDP and repay the debt if you wish, but it is not necessary. Funds are safe.

We will switch our oracles to Chainlink and our oracle solution, as well as add new collaterals from the Chainlink price feed. The upgrade will allow Unit protocol to be more robust and help to grow faster. Own oracle solution will allow adding more collaterals in the future without significant protocol expenses to quote it.

Unit Protocol introduces the new collateral Alchemix ($ALCX). Mint $USDP with unit.xyz , swap via https://component.finance/

Unit Protocol introduces the new collateral 88mph ($MPH). Mint $USDP with unit.xyz , swap via https://component.finance/

Borrowing limits for $WETH , $WBTC , $STAKE , $MKR , $YFI , $SUSHI , $xSUSHI , $MTA , $PICKLE , $PERP , $OCEAN , $FTM and some others have been increased https://unit.xyz

Unit Protocol DUCK token Buy&Burn event has occurred the fourth time. All fees accumulated in treasuries have been converted to DUCK and burned again.

Total 22,759 USDP collected, converted to 62,485 DUCK via SushiSwap and burned.

Transaction link: https://etherscan.io/tx/0xb6fd13aa1126a4d2f3cf0d4ec0a05a0b6d497e92b24d45b855c7243dbd9e9fae

https://etherscan.io/tx/0xf9c551d425903327e69c3d54d8177e08c5eeece61057af69d8a7bb561d9f7136

We are happy to announce that Component is now available on Binance Smart Chain(BSC) https://bsc.component.finance. Now BSC has the convenient instrument to swap across main stablecoins or similar peg assets. Our first pool will be USDP(50%)\BUSD(25%)\USDT(25%). You can participate in Component governance token distribution by depositing liquidity into it. For reward distribution purposes, liquidity will be summarized across all USDP pools on three networks(Ethereum, xDAI, BSC), and all users will get a reward proportionally of provided liquidity amount.

Unit Protocol is live on Binance Smart Chain (BSC) https://bsc.unit.xyz . Use popular assets on BSC as collateral to mint $USDP stablecoin and use the value as you wish. All of it with small gas fees and fast confirmations. Unlock the value of your BSC tokens without the need to sell them.

Unit Protocol introduces the new collaterals: $renDOGE, $renZEC, $renFIL. LP tokens:
UNI renZEC-ETH, UNI renFIL-ETH, SUSHI renDOGE-ETH . Mint $USDP with unit.xyz, swap via component.finance

Borrowing limits for $WBTC, $LINK, $renBTC, $MTA, $PERP, $xSUSHI, $SFI, $RGT and some others have been increased.

We plan to donate $1M (3 333 333 DUCK) in tokens to the Community Fund to support educational initiatives (to support Unit Protocol) within 2-3 months. The tokens will be allocated from team vesting multisig.
The team will not participate in the Community Fund.

We hope that this will make the Protocol more balanced and decentralized.

Borrowing limits for xSUSHI, YFI, ETH, and some other tokens have been increased.

Now you can use your $SOCKS as collateral. Mint $USDP with unit.xyz, swap with other stables via component.finance