Like a Duck with Ducklings: Understanding DeFi Lending with Unit Protocol
Unit is a decentralized lending protocol that allows using a variety of tokens as collateral. The size of the world’s debt markets as of 2019 was estimated to be more than $255 trillion or nearly $32,500 for each of the 7.7 billion people. Unit targets a different market segment – the speculative holders of long-tail cryptoassets. It will mean that borrowers and lenders can find yield and maximise their economic returns with whatever tokens and assets they wish to hold, without needing to go through any centralised intermediaries.
Unit is a decentralized lending protocol that allows using a variety of tokens as collateral. Acc is owned by community.
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