Unit protocol Announcements

So, since rolling out our protocol, we’ve seen a grand total of 1,070,287,127 USDP minted. That’s right—three commas! If you haven’t experienced Unit Protocol yet, come give us a try. You’d be quackers not to!

Mint $USDP with https://unit.xyz/ , swap via https://curve.fi/usdp or https://component.finance

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.

A huge welcome from Unit Protocol to OKB. The $OKB token has a 20mn USDP limit on borrowing when used as collateral, and a stabilization fee of just 1.9%. Have a quacking weekend everyone!

Mint $USDP with https://unit.xyz/okb , swap via https://curve.fi/usdp or https://component.finance

We’re excited to welcome Huobi Token ( $HT ) to Unit Protocol. HT has a 20mn USDP limit on borrowing when used as collateral, and a stabilization fee of just 1.9%. The data oracle network comes courtesy of Chainlink. Quack on 🦆🦆

The Silent Revolution. You can now mint $USDP at fixed annual stabilization rate of 2.9% by using more than 130 collateral types. Mint $USDP with unit.xyz , swap via https://curve.fi/usdp

Unit Protocol introduces the new collateral Shiba Inu ( $SHIB )
. Mint $USDP with unit.xyz , swap via https://curve.fi/usdp

Unit Protocol introduces the new collateral Keep Network (KEEP). Mint $USDP with unit.xyz , swap via https://curve.fi/usdp

Unit Protocol introduces the new collateral Wootrade Network (WOO). Mint $USDP with unit.xyz , swap via https://curve.fi/usdp

Leveraged yield farming is here. Unit Protocol introduces the new collaterals: yvcrvFRAX, yvcrvBUSD, yvcrvUST, yvcrvHUSD, yvcrvUSDN, yvcrvTUSD.
Mint $USDP with http://unit.xyz , swap via http://curve.fi/usdp

Unit Protocol introduces the new collaterals: yvWETH, yvWBTC, yvSNX, yvLINK, yvUNI, yv3CRV, yvYFI, yv1INCH, yvUDST, yvDAI, yvUSDC, yvSUSD.
Mint $USDP with http://unit.xyz , swap via http://curve.fi/usdp

Some stats for early adopters:

Income USDP to treasury for the last 40 days (From May-13-2021 02:40:38 PM +UTC): 3,925,610 USDP

Converted to USDC from USDP: 3,933,059

3,933,059 USDC converted to 8,616,614 DUCKS

Average purchase price per DUCK: 0.456$

The bought-back Ducks were burned: https://etherscan.io/token/0x92e187a03b6cd19cb6af293ba17f2745fd2357d5?a=0x000000000000000000000000000000000000dead

Treasury address: https://etherscan.io/address/0x9cf0389322fedd2a3dceacac0c3108c8151615a3

Unit Protocol introduces the new collaterals: cWBTC, cUNI, cLINK, cCOMP, cDAI, cUSDT. Mint $USDP with http://unit.xyz , swap via http://curve.fi/usdp

Liquidation events moved to the special channel @unit_protocol_liquidations

Various stats on Unit Protocol in general, Duck/usdp tokens I have found:

- quackprofits.xyz

- https://twitter.com/mervynchng89/status/1396172123681345539?s=21

- https://defillama.com/protocol/unit-protocol

- https://app.debank.com/projects/unit?mode=stats

- https://dex.guru/token/0x92e187a03b6cd19cb6af293ba17f2745fd2357d5

- https://bloxy.info/address/0x92e187a03b6cd19cb6af293ba17f2745fd2357d5

- https://bloxy.info/address/0x1456688345527be1f37e9e627da0837d6f08c925

- https://t.me/unit_protocol_pulse

- https://www.tokenterminal.com/terminal/projects/unit-protocol

Pink duck offers blue dog ( $WOOFY ) as collateral now. Future of finance is here.
Mint $USDP with unit.xyz , swap via curve.fi/usdp