The DUCK token is the governance token and core token of the Unit Protocol economy.
Unit protocol collects stability fees when users repay their USDP and liquidation fees if CDPs were liquidated. During the first year, 100% of all fees will go to the protocol ecosystem directly.
The governance pool will play a significant role in Unit Protocol decision-making system and add stability to the system, so it is essential to incentivize DUCK stakers and help them be involved in the voting process. DUCK token holders will be able to stake their tokens to participate in governance and collect protocol fees. We are working on the governance pool, but the infrastructure is not ready yet. Before it is operational, all the allocated fees will be used to buyout DUCK from the open market and burn it.
Future changes in fee distribution are subject to governance decisions. Eventually, community engagement will help Unit protocol userbase grow faster, becoming a more decentralized ecosystem. It will provide better adoption, security, and utility of Unit protocol.
DUCK token address: