What is Unit Protocol?
Unit Protocol is a decentralized protocol that allows you to mint stablecoin $USDP using a variety of tokens as collateral.
Why does it matter?
Many crypto holders own a diversified portfolio of assets, including a variety of capitalized and under-capitalized tokens. Popular liquid assets are easily sold on exchanges and holders can access instant liquidity without the need to borrow. However, less liquid assets are difficult to sell quickly, yet they represent a significant measure of value in the crypto asset world. Right now there is no way to borrow liquidity for such assets. It limits DeFi applications, funding, and usability.