Too Long; Didn't Read
Unit is a decentralized lending protocol that allows using a variety of tokens as collateral. Unit Protocol lets users issue the $USDP stablecoin for a provided collateral. The value of the stablecoin is pegged against the US dollar in a free-floating peg. Unit protocol takes into account that the market can be self-regulated and ensures that the price of stablecoin reaches its peg. The market is self regulated to ensure that the value of stablecoins reaches the peg over time. Every USDP is fully backed by provided collateral. If the debt/collateral ratio exceeds a Liquidation Ratio.