Too Long; Didn't Read
Unit is a decentralized lending protocol that allows using a variety of tokens as collateral. The Collateralized Debt Position (CDP) model allows users to mint its native stablecoin USDP from a wide variety of crypto assets. The USDP is pegged against the US Dollar stabilizing its value at $1 regardless of market movements. Unit Protocol provides a zero issuance debt fee, as well as a zero close debt fee. There is no fee for issuing loans, but fees are tied to loan transactions you complete.
Share Your Thoughts