Unit protocol Announcements

Arbitrum (ARB) Sub-Market

We are delighted to shed light on an existing Sub-Markets within Booster Protocol. Let’s start with Arbitrum (ARB) Sub-Market, running on the Arbitrum blockchain. The Sub-Market features seven tokens:

bETH, bWBTC, bUSDT, bUSDC, bUSDC.e, bDAI, and ARB

🔎 Booster's Market Structure
Central to Booster Protocol's unique approach to DeFi is the dual market structure, comprised of the Base Market and various Sub-Markets. In the Base Market, users supply assets and receive bTokens, ERC-20 tokens that symbolize the user's deposit and accruing interest.

🔎 The Role of Sub-Markets
Sub-Markets mirror the Base Market's mechanics, allowing users to supply assets and, in return, receive wrapped tokens. These Sub-Markets offer a branched structure and can operate either independently or in conjunction with the Base Market. Users can:

◽️ Directly deposit assets into a Sub-Market, like supplying the ARB token to receive barb.ARB (bToken).

◽️ Diversify deposits by first supplying assets to the Base Market, receiving bTokens, and later supplying these bTokens to various Sub-Markets like the ARB Sub-Market. This strategic allocation between the Base Market, ARB Sub-Market, and other Sub-Markets can maximize returns, offer dual interest accrual, and help diversify risks.

🔎 Borrowing in the Arbitrum (ARB) Sub-Market
Within the ARB Sub-Market, users can borrow various assets such as bETH, bWBTC, bUSDT, bUSDC, bUSDC.e, bDAI, and ARB. Users must supply collateral from the same asset list to borrow against their deposited value.

🔎 Risk Management and Diversification
Within Booster Protocol, users have the opportunity to strategically manage and diversify their investments. For example, you may choose to leave a portion of your assets like ETH in the Base Market as a secure foundation, supply a fraction to the ARB Sub-Market for dual utilization, and distribute another part to different Sub-Markets for various APYs. This nuanced approach empowers users to balance growth opportunities with effective risk management.

More information at https://docs.booster.foundation/blog/arbitrum-sub-market

Stay sharp, adapt, and navigate DeFi's frontier with intelligence.

👨‍🚀 Explore further at 👉 booster.foundation 👈

Booster's Isolated Market Architecture

Every market in the Booster ecosystem operates in isolation, creating a safe, secure, and efficient environment for users.

1. Improved Security
Each market has its own collateral pool and operates independently of others. This means that the risk of one market doesn't spill over to others. If one market faces liquidity or solvency issues, it doesn't affect the stability of others.

2. Tailored Strategies and Efficient Assets Allocation
Isolated markets enable users to customize their DeFi strategies and allocate their assets to different markets based on their risk appetite and financial goals. The isolation ensures that capital doesn't get trapped in one market and can be efficiently allocated across different opportunities.

3. Simplified Risk Management
With isolated markets, users can easily track the performance and risk of each market separately. This makes it easier to manage and rebalance their portfolio.

4. Innovation and Flexibility
Isolated markets can quickly adapt to the changing DeFi landscape. They can introduce new features, assets, or strategies without affecting the entire protocol.

Booster's isolated market architecture provides a safer and more efficient DeFi experience. Users can diversify their investments, manage risks, and maximize their returns more effectively.

Visit our blog for more information!

👨‍🚀 Explore the possibilities and engage with us further at 👉 https://booster.foundation/ 👈

Booster Protocol Version 1.0: Now Live on Arbitrum

We are proud to announce the launch of Booster Protocol Version 1.0, a lending and borrowing protocol that represents a cutting-edge advancement in the decentralized finance (DeFi) landscape.

Here's what you can expect from Booster:

1. Dedicated Money Markets: Booster focuses on Ethereum-based assets, encompassing Ether, ERC-20 stablecoins, and utility tokens.
2. Two-Tiered Market Structure: A unique combination of the Base Market and multiple Sub-Markets. With primary assets like ETH, WBTC, USDC, USDC.e, USDT, and DAI in the Base Market and specialized Sub-Markets including ARB, GMX, CRV, and MAGIC tokens live on the Arbitrum network. This structure provides unprecedented financial flexibility.
3. Robust & Scalable Design: Booster is engineered for growth, ready to accommodate an expanding number of Sub-Markets with diverse tokens. This scalability ensures continuous adaptation to user needs.
4. Dual Yield Potential: Users have the opportunity to simultaneously engage with the Base Market, where they receive interest-accruing bTokens in exchange for supplied assets, and Sub-Markets, where those bTokens can be further supplied. In Sub-Markets, users receive bbTokens that symbolize their contribution and the interest accrued on bTokens. This two-tiered approach effectively amplifies returns.
5. Risk Mitigation: Each market within Booster operates autonomously, isolating potential risks. The Base Market's diversified liquid assets provide an additional buffer against market swings.
6. Flexible Borrowing Options: Borrow from the Base Market using underlying assets or from Sub-Markets with either the flagship Sub-Market's underlying asset (ARB, CRV, GMX, MAGIC) or bTokens. This flexibility caters to diverse financial strategies.
7. Dynamic Interest Rates: Interest rates respond to real-time supply and demand, facilitating smooth transactions.
8. Simple & Efficient Redemption: Redeeming bTokens or bbTokens is a breeze. Convert bTokens directly into underlying assets, and bbTokens to bTokens before reclaiming the original asset.

Visit our blog for more information!

👨‍🚀 Explore the possibilities and engage with us further at 👉 booster.foundation👈

We are incredibly excited to announce the launch of our newest product, Unit Raise Access NFTs. These unique, non-fungible tokens offer a powerful tool for creating exclusive access to your products or events, while also providing a one-of-a-kind digital asset to your audience.
With Raise Access NFTs, you can easily create membership passes, privileged access, and special perks, giving you complete control over who has access and enabling you to track valid tokens. Minting NFTs is simple and straightforward, with a user-friendly interface that allows you to customize tokens with details like pricing, access rights, and quantity.
But the benefits of Raise Access NFTs don't end there. You can sell your tokens directly to your audience through our platform, eliminating the need for a third-party ticketing platform and giving you more control over the sales process. And by providing a unique and collectible digital asset to your audience, you can increase engagement and loyalty, while also preventing fraud through tracking token ownership and validity.
But that's not all. Raise Access NFTs also enable you to create a microsite on our platform to showcase your products or events, increasing your reach and visibility to a wider audience. And with our commitment to providing exceptional customer support, you can rest assured that we'll be with you every step of the way as you elevate your projects with exclusive access and verifiable NFTs.
So if you're ready to take your products or events to the next level, don't miss out on this game-changing innovation. Get your Raise Access NFTs now and experience the power of exclusive access and increased engagement.

Live on: Ethereum, Gnosis Chain, BNB Smart Chain, Polygon, Dogechain https://raise.unit.xyz/access/1

Guys, be careful. It's fake. The official announcements are only in the Unit channel https://t.me/unit_ann and on Twitter https://twitter.com/unitprotocol We don't have airdrops and never have.

Hey there!
We’re excited to announce the launch of Borrow protocol (https://borrow.is/), a decentralized finance (DeFi) platform that lets you lend and borrow assets without the need for intermediaries. You can use your ERC-20 assets as collateral to borrow liquidity, while lenders can earn yield in the form of interest by lending their assets.
Borrow offers a wide range of token pair combinations (any ERC-20 for any ERC-20) and allows you to set your own parameters for loans, including the type of collateral, the amount of borrowable assets, the loan period, and the minimum and maximum annual interest rates.
And the best part? Borrow protocol is available on multiple networks, so you can choose the one that works best for you. Our smart contracts have also been audited to ensure their security and compliance with industry standards.
So why not give Borrow a try and see how easy it is to lend and borrow assets in a decentralized manner? We think you’ll love it!
Key features:
* Ability to use any ERC-20 token as collateral and any ERC-20 token as a loan
* Dynamic interest rate based on an auction model
* Any loan term
* Fully decentralized platform
* The protocol is deployed on 15 most popular EVM-compatible networks
* No price oracles

Audit: https://github.com/unitprotocol/protocol_docs/blob/master/borrow_protocol.pdf

Hi guys. We made a big update the other day. This is one of the small steps towards full decentralization of the Unit protocol. What we wanted to achieve in the process: no manual management; no possibility to change code after deployment; isolated collaterals with no impact on each other; any amount of stablecoin printing for a given collateral type; possibility for users to create their own stablecoins (asset, price source - done). Example: wbtc > wbtcUsd, renBTC > renBTCusd, etc. https://github.com/unitprotocol/core/tree/single-collateral-factory

We found a telegram chat that promises users airdrop from UP. This is a fraudulent channel. Be careful.

We have only one official channel:
https://t.me/unit_ann
Official Chat:
https://t.me/unit_en
Twitter:
twitter.com/unitprotocol

Channel photo updated

Liquid Staking for DUCK (uveDuck) is coming 🦆❤️: https://github.com/unitprotocol/uveDUCK

Unit protocol keeps expanding! Now you can borrow USDP and earn rewards at the same time!
We’re excited to introduce the Liquid farming and announce Shibaswap liquidity provider tokens (SSLP) as a new type of collateral available in UP 🦆 https://shibaswap.com/

SSLP tokens appear in your wallet as you provide liquidity to Shibaswap. With that, you earn commissions when the platform users perform respective swaps. SSLP tokens can be also staked in yield farm pools on Shibaswap to earn rewards in BONE.

Unit Protocol lets you mint USDP stable against SSLP tokens collateral locked in the system, claim rewards in BONE without withdrawing the collateral – all within one DApp! And keep earning on AMM swaps as a liquidity provider.

The stability and issuance fees for all SSLP collaterals are only 0.9%.

Be one of the first to check it out:

SHIB-WETH, LEASH-WETH, WBTC-WETH, USDC-WETH, SUSHI-WETH, LINK-WETH, DAI-WETH, xFUND-WETH, BONE-WETH, WETH-USDT, VXL-WETH, MANA-WETH

👉 https://unit.xyz/

Just a little love note… Happy Valentines to our striking community! ❤️ Mint USDP 👉 unit.xyz, swap via curve.fi/usdp, or component.finance

Hi Everyone
Now you can mint USDP stable on updated terms. Stability and issuance fees, applied for all collaterals on UP, were reduced from 0.9% to 0.3%.

Existing debt positions remain at the actual stability fees in effect on opening day. However, if you withdraw part of your collateral, or mint USDP from existing debt position then the rate of 0.3% will be applied.

The UP provides a huge selection of options for collateral, including interest-bearing assets 👉https://unit.xyz/

Swap USDP via https://curve.fi/usdp, or https://component.finance

Hi Everyone.
We're excited to reveal the brand new design for UP DApp.
We hope that you’ll find the sleek new design and fresh coat of paint a simpler and easier user experience.
Click through now and be one of the first to check it out.
👉https://unit.xyz/

Effective today, the 0.9% stability fee will be applied for all new CDPs. The Liquidation Fee is also reduced from 11% to 5%.

All the CDPs that are already open will keep the initial stability fee rate actual on the day of opening. However, if you withdraw part of your collateral, or mint USDP from this particular CDP then the rate of 0.9% will be operative.

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

Effective today, the 1.9% stability fee will be applied for all new CDPs.

All the CDPs that are already open will keep the initial stability fee rate actual on the day of opening. However, if you withdraw part of your collateral, or mint USDP from this particular CDP then the rate of 1.9% will be operative.

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