1/2 We are happy to announce the full integration of Chainlink @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.
Unit Protocol is live on Binance @binance Smart Chain (BSC) bsc.unit.xyz . Use popular assets on BSC as collateral to mint $USDP stablecoin. All of it with small gas fees and fast confirmations. Unlock the value of your BSC tokens without the need to sell them.
We are happy to announce that our dapp 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. #defi#Ethereum
3/4 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.
1/4 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.
1/2 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 are happy to share that we have finished integrating the Keep3rV1 oracle solution, and now it will be used for all current token CDPs. It reduces the price of opening CDP for users to only $4(20 Gwei)! This is quacking awesome. Try it right now app.unit.xyz/
Hey Paxos! @PaxosGlobal
Heard about your plans to introduce USDP. You may be aware that Unit Protocol's stablecoin's also called USDP and has been trading for about a year. Unsure if this is intentional, or just a calamitous mistake, but thought we should let you know 😂😂😂etc
There are 3 things you can watch forever: a water flow, a quack of a lovely duck, and a burn of $70 million. Tokens burning is complete.
etherscan.io/tx/0x7530311153…
2/2 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.
1/4 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.
1/2 Hello guys, we are planning to announce a liquidity staking economy in the upcoming days. But we can definitely say that there will be no need for such supply and we decided to burn 70% of tokens proposed for staking. But it is not the end.😉
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 curve.fi/usdp
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 that the migration app is ready migration.unit.xyz/ . You can swap your $COL to $DUCK here. For 100 COL you can receive 1 DUCK. Legit DUCK token contract is etherscan.io/address/0x92e18… (don't send your tokens there, use dapp). No need to hurry up.
Unit Protocol introduces the new collaterals: yvWETH, yvWBTC, yvSNX, yvLINK, yvUNI, yv3CRV, yvYFI, yv1INCH, yvUDST, yvDAI, yvUSDC, yvSUSD @iearnfinance
Mint $USDP with unit.xyz , swap via curve.fi/usdp
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:
etherscan.io/tx/0xb0b410345f…
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:
etherscan.io/tx/0xb330b99934…
1/3 We are happy to announce that Unit Protocol is deployed on mainnet, and you can use app.unit.xyz/ to access the web interface of DApp.
At the start, we imply strict limits to reduce the possible risks and check everything works as expected. #Stablecoins#Ethereum
Leveraged yield farming is here. Unit Protocol introduces the new collaterals: yvcrvFRAX, yvcrvBUSD, yvcrvUST, yvcrvHUSD, yvcrvUSDN, yvcrvTUSD.
Mint $USDP with unit.xyz , swap via curve.fi/usdp
1/2 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 @SushiSwap and burned.
4/4 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.
1/6 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,
We are ready for community vote about Unit protocol ticker. You can vote with a snapshot of your balance here. No need to send any transactions, you will need just to sign the vote.
snapshot.page/#/unitprotocol…
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: etherscan.io/tx/0xd05cca5937…
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.
👉unit.xyz/
2/4 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.
1/3 Recently 2 community votes have been finished snapshot.page/#/unitprotocol… . We are ready to publish the result of the Ticker vote. 105 people participated in the voting and 87.06%(2.43 billion $COL tokens) voted for migration to the $DUCK ticker.
1/2 Starting at 18:00 (UTC), October 28, 2021 the oracle for YV tokens will be replaced. yvcrvFRAX, yvcrvBUSD, yvcrvUSDN, yvcrvUST, yvcrvHUSD, yvcrvTUSD, yvYFI,
We recommend withdrawing these collaterals from the Protocol before the system update.
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: etherscan.io/tx/0x0d049926a5…
Ave Quackolytes – Good times down at the pond. APR for the current distribution stands at a whopping 92.21%. A well fed duck is a happy duck 🍞🦆unit.xyz/staking-usdp
1/2 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.
Hello guys,
We are happy to announce that Unit Protocol smart contracts have been audited by CertiK @certik_io and no major or critical vulnerabilities were found. You can read the audit report below. github.com/unitprotocol/prot…
2/3 Also, the community voted for the split, total supply will decrease 100 times. COL will be swapped to DUCK 100:1, for 100 COL you will get 1 DUCK. We will prepare everything necessary for smooth migration and publish instructions in the upcoming days.
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😉. #defi
1/2 Unit Protocol on Fantom will have its own (and entirely independent) governance token. The token will be used for voting on:
- adding new collateral
- managing the limits for one collateral
- changes to stability and liquidation fees
We are happy to announce that BADGER @badgerdao token has been added to Unit Protocol as available collateral. Now you can utilize your BADGER holdings to mint stablecoin USDP via app.unit.xyz and swap it with component.finance/ to USDC\USDT\DAI\sUSD.
3/4 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.
Unit Protocol is live on Binance @binance Smart Chain (BSC) bsc.unit.xyz . Use popular assets on BSC as collateral to mint $USDP stablecoin. All of it with small gas fees and fast confirmations. Unlock the value of your BSC tokens without the need to sell them.
1/2 Hi everyone,
After thinking for some time about what we can do to bring us all together bit more, we're stoked to present the Unit Protocol chess club @chesscom ♟️
Hey folks 🦆
We are happy to announce that Unit Protocol smart contracts have been audited by Level K (levelk.io). You can read the audit report here: github.com/unitprotocol/prot…
We're pleased to announce single-staking for our USDP stablecoin. Half of the stability fee goes straight to the staking pool. Stake/Unstake whenever you like. Crumbs! 🍞
unit.xyz/staking-usdp