Prior to Summer of 2020, Unit Protocol was known as ThePay.cash and utilized the $COL token for governance, staking, and collateral for minting of $USDP. After some time it became apparent to the team that this brand did not adequately capture the core concept of the project, and the Unit Protocol was born.
As part of this transition a governance vote took place which resulted in the migration from the $COL token to the new $DUCK token for governance over Unit Protocol. Along with this migration came a decision to do a split, resulting in a 100:1 ratio from $COL to $DUCK.
A special migration DApp was developed to facilitate the swapping of $COL to $DUCK tokens.