Unit protocol Announcements – Telegram
Unit protocol Announcements
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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
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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
Pink duck offers blue dog ( $WOOFY ) as collateral now. Future of finance is here.
Mint $USDP with unit.xyz , swap via curve.fi/usdp
Forwarded from Unit Protocol Pulse
Liquidation events moved to the special channel @unit_protocol_liquidations
Unit Protocol introduces the new collaterals: cWBTC, cUNI, cLINK, cCOMP, cDAI, cUSDT. 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
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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
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 collateral Wootrade Network (WOO). 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 Shiba Inu ( $SHIB )
. Mint $USDP with unit.xyz , swap via https://curve.fi/usdp
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
We’re excited to welcome FTX Token ( $FTT) to Unit Protocol. FTX has a 20mn USDP limit on borrowing when used as collateral, and a stabilization fee of just 1.9%.
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 🦆🦆
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
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.