Unit protocol Announcements

Unit protocol has achieved new milestone. https://app.unit.xyz/

The stability fee for $STAKE as collateral in Unit protocol was reduced to 10%, use up to 59% of your STAKE value to mint USDP via https://app.unit.xyz/ and swap it with https://component.finance/ to main stablecoins in just a few clicks. Keep benefits of STAKE growth with liquidity for additional opportunities.

We are happy to announce that BADGER token has been added to Unit Protocol as available collateral. Now you can utilize your BADGER holdings to mint stablecoin USDP via https://app.unit.xyz and swap it with https://component.finance/ to USDC\USDT\DAI\sUSD.

New Stability fees and collateral parameters update

https://www.notion.so/Stability-fees-and-parameters-update-02-02-2021-36efa430e4e84d268a3b3e3b83cfe0d5

We had been working for liquidity pool solution for the last few weeks and ready to introduce you Component. All details you can pick up from the article below. Component will be valuable part of Unit Protocol ecosystem and provide significant utility for USDP users.

https://www.notion.so/Introduction-of-Component-383c9d2cd6714f5f9c0867ff6e174880

Unit protocol liquidation DApp is now live.
https://liquidation.unit.xyz/


Unit protocol is a decentralized borrowing protocol that allows you to mint USDP stablecoin using a variety of tokens as collateral.
https://app.unit.xyz/

SushiSwap LP ( https://sushiswap.fi ) tokens are integrated as collateral in Unit Protocol. Now, if you stake tokens in SushiSwap and need short-term liquidity, you don't need to withdraw base tokens from a liquidity pool and sell them. Instead, you can directly use the SushiSwap LP tokens to mint USDP (https://app.unit.xyz). It will let you avoid some gas expenses and still provide the opportunity to keep collecting trading fees for the pool.

Hey folks 🦆
We are happy to announce that Unit Protocol smart contracts have been audited by Level K (https://www.levelk.io). You can read the audit report below.

We have created the proposal to add USDP Metapool in the Curve ecosystem and need our awesome community support. If you have some locked veCRV, you can vote "For" here: https://signal.curve.fi/#/curve/proposal/QmTFhJtP1s2WvW32EuQaGzDuWuypD5y6yiJW7y2H1Hqhwo

And here you can see the full text of the proposal: https://gov.curve.fi/t/scip-26-add-a-usdp-tripool-metapool/1301

To balance the peg, we have updated stability fees and make it market average. We have also updated some risk parameters, such as the Initial collateral ratio, to make them less strict. For DUCK token, now you can mint USDP up to 49% of collateral value, but be careful and control your risks.

Now main dapp
https://app.unit.xyz/
and migration dapp
https://migration.unit.xyz/
have mobile interfaces. You can use Unit protocol directly from your phone😉

Trustwallet, WalletConnect, MEW is now available in the migration app https://migration.unit.xyz/

Unit Protocol core token $DUCK is fully integrated in app.unit.xyz . Now you can mint $USDP with the most quack collateral 🦆

We want to announce about team tokens' plans: all team tokens will be locked for 5 years with linear unlock. The lock contract will be deployed within a month. We will announce when everything is ready. Smart duck - long-term quack.

We are happy to announce $DUCK listing on Gate.io https://twitter.com/gate_io/status/1338434644581232642

We are happy to announce that the migration app is ready https://migration.unit.xyz/ . You can swap your $COL to $DUCK here. For 100 COL you can receive 1 DUCK. Legit DUCK token contract is https://etherscan.io/address/0x92e187a03b6cd19cb6af293ba17f2745fd2357d5 (don't send your tokens there, use dapp). No need to hurry up.

Now you can mint USDP for UNI, AAVE, COMP, SNX, LINK, UMA, renBTC, HEGIC, and their LP Uniswap ETH pairs. With this update, you can also use the COL-ETH Uniswap LP token as collateral. Also, we increased limits for every asset. Full list of available collaterals and limits you can find here.