9 September 2021 – 1st Unit Protocol community chess tournament starts ♟️
$1000 for first place, $500 for 2nd place, and $250 for 3rd place
2 September 2021 – TVL reaches $600 mn
16 August 2021 – CDP explorer released 🤖
Search all CDPs on Unit Protocol by collateral or owner at https://explorer.unit.xyz/. Excellent for gaining some insight into the risk appetite for different collaterals.
10 August 2021 – Total minted USDP cruises past the one billion mark
5 August 2021 – DUCK staking launches!
One more step towards our goal of creating value for everyone who uses Unit Protocol.
The qDUCK smart contract uses the protocol treasury to buy DUCK tokens from the open market at set intervals of time, and then adds them to the qDUCK pool so the profits can be distributed to DUCK stakers.
So far, Unit Protocol has generated a total of 4,947,985 USDP. You can see stats on fees at the community-run quackprofits.xyz website.
7 July 2021 – 130+ ways to get minty fresh USDP
You can now mint USDP with a fixed annual stabilization rate of 2.9% with over 130 types of collateral. The silent revolution continues.
6 July 2021 – Leveraged Yield Farming appears
Unit Protocol introduces 6 new yearn vault collaterals:
8 June 2021 – New channel for tracking liquidations on Telegram
The liquidation tracker has now moved to https://t.me/unit_protocol_liquidations. Join if you want to keep track of all the liquidations that have been triggered on Unit Protocol.
June 2021 – 7 new tokens, 6 new compound tokens, and 12 new yearn vault tokens added
10 April 2021 – Unit Protocol announces the full integration of Chainlink oracle 🤖
Unit Protocol will support all existing assets on the Chainlink feed, making it much easier to integrate new assets in the future. Chainlink oracle will ensure reliable and robust price data, as well as significantly increasing the list of collaterals available on Unit Protocol.
2 March 2021 – 🔥🔥🔥 The team burns 90% of staking tokens 🔥🔥🔥
The remaining 10% was held back for possible future incentive programs. This significant step resolved the issue with the massive amount of undistributed tokens and increased security for token holders. The total value of the burned tokens exceeds $100m. Link to the burn here.
March 2021 – 10 new tokens and 3 new LP tokens added
ARMOR, BOR, SFI, SOCKS, RGT, RenDOGE, renZEC, renFIL, ALCX, MPH, UNI renZEC-ETH, UNI renFIL-ETH, SUSHI renDOGE-ETH
11 March 2021 – Unit Protocol on BSC release
February 2021 – 9 new tokens added
BADGER, FTM, COVER, YAM, SUSHISWAP LP, xSUSHI, yveCrv-DAO, yveCrv-DAO-WETH, ANY
12 January 2021 – Unit Protocol adds SushiSwap tokens as collateral
Now, you can use SushiSwap LP tokens to mint USDP (https://app.unit.xyz). This will help you keep gas expenses low while giving you the opportunity to keep collecting trading fees.
8 December 2020 – Unit Protocol pulse channel released 🤖
Unit Protocol pulse, our new channel on Telegram, lets you track all the CDPs that have been set up and closed in real time. Join here: https://t.me/unit_protocol_pulse
6 December 2020 – Quackonomy update released
USDP can now be minted with selected collateral in just a few clicks. This has simplified the user experience and will allow Unit Protocol to grow much faster. But what about the token economy?
Unit Protocol collects stability fees and liquidation fees, which will be distributed into the COL token ecosystem. During the first year, 100% of all fees are to go straight into the protocol’s ecosystem.
5 December 2020 – Keep3rV1 integrated for CDPs
The team has announced the integration of the Keep3rV1 oracle solution for all token CDPs. This has reduced the price of opening CDP for users to only $4 (20 Gwei)!
Quacking awesome 🦆🦆🦆
3 December 2020 – 🔥🔥🔥 Millions of ducks cremated 🔥🔥🔥
Ethereum (ETH) detailed transaction info for txhash 0x75303111531e6c2d71a4ac9b4e85b29326e3a04081d29fd38eb0a4d33582e11a.
25 November 2020 – Unit Protocol (soft-) launched on Ethereum mainnet
Unit Protocol has now been deployed on mainnet at https://app.unit.xyz/ with 15 assets (9 tokens and 6 Uniswap LP tokens). Each asset has a limit of 50 000 USDP.
20 November 2020 – Artem adds a profile photo on Telegram
8 November 2020 – Assets for Unit Protocol’s test DApp sent at 9 p.m. UTC 🦆
26 October 2020 – The DApp is ready
Early adopters shake their wings in anticipation.
23 October 2020 – USDP logo chosen
3 October 2020 – Second security audit of smart contracts completed
This time round, the audit was conducted by Mixbytes. Read the full report here.
29 September 2020 – First security audit of Unit Protocol’s smart contracts completed with flying colours
The audit was conducted by CertiK and no major or critical vulnerabilities were found. Read the full report here.
15 September 2020 Unit Protocol launches test version of the DApp
ABC_ERC20 (or LP tokens) as collateral > USDP stable.
12 August 2020 – AirSwap Trader: Trustless OTC for any Ethereum token
Free, shareable OTC trading without the risk of third-party escrows. Trade any token with a customized price, quantity, and counterparty. Create, sign, and share anywhere.
22 July 2020 – COL Trading Group/Price chat launches
The trading group for Unit Protocol’s COL is up and running at https://t.me/unitColtrading
22nd July 2020 – BKEX Global announce COL listing
BKEX Global will list COL for trading from 2020/07/22 15:00 (UTC+8).
20 July 2020 – White paper released. Unit Protocol begins.
Following the massively successful lockdrop event, we've spent the past few months working on one of the key parts of our system. Today we are ready to introduce Unit Protocol – a decentralised borrowing protocol that allows users to obtain liquidity from a large variety of tokens by minting USDP stablecoin. The COL token will still be used as an additional collateral for any debt created in the system and its distribution parameters will stay the same. You can take a look at our new site at https://unit.xyz/.
We came to the realisation that our previous name ‘The PayCash’ did not capture the core concept of the project. Concentrating human and financial resources on a decentralised borrowing protocol will allow us to speed up development and release the product sooner. We are excited to share a draft version of our whitepaper today, and we are looking forward to your feedback.
Right now, most of the contracts are finished and the protocol is nearing the internal testing stage. When we are confident that things work as we want them to, we will be ready to deploy the contracts to testnet along with a simple Dapp interface and ask our community to check it out. During that stage, we are going to iterate on a user-friendly interface for the Dapp and get everything ready for a code audit.