Unit Protocol

What is Unit Protocol

Access liquidity in the form of USDP stablecoin by putting up cryptocurrency as collateral.

What is Unit Protocol?

Unit Protocol allows you to mint USDP stablecoin using various coins as collateral. There are over 160 coins Unit Protocol allows for collateral, including LP tokens, which provide value for these liquidity providers. Unit Protocol collects stability fees when users repay their USDP and liquidation fees if CDPs were liquidated. This process is governed by $DUCK (Unit Protocol's governance token).

Unit Protocol Alternatives:

Abracadabra
Abracadabra

Abracadabra.money is a decentralized crypto lending platform.

Angle
Angle

Angle is a Defi stablecoin lending protocol powered by its own stablecoin, agEUR.

Beanstalk
Beanstalk

Beanstalk is a credit-based, algorithmic and decentralized stablecoin issuance protocol.

Liquity
Liquity

As a decentralized borrowing platform, Liquity offers interest-free loans on collateralized ETH.

MakerDAO
MakerDAO

Generates DAI, the world's first unbiased currency and a leading decentralized stablecoin.

Mimo
Mimo

DeFi protocol that offers the first EUR over-collateralized token, called PAR.