Unit Protocol

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Frequently asked questions

What tokens can I use as collateral to borrow USDP?

You can use a wide variety of tokens as collateral to borrow USDP stablecoin on Unit Protocol. This includes over 160 different tokens, including ERC-20 tokens and NFTs. The platform also offers permissionless lending and borrowing with elastic interest rates. Additionally, there are upcoming features such as NFT bonds and permissionless tools for the NFT space.

What can I do with the USDP I borrow?

With the USDP stablecoin that you borrow from Unit Protocol, you have the flexibility to use it in various ways. You can borrow more tokens, stake them in your preferred projects, or cash out. The choice is entirely up to you. Additionally, you can use your ERC-20 tokens as collateral to borrow liquidity on your own terms. If you own NFTs, you can utilize them as collateral to generate liquidity while still maintaining ownership. NFT Bonds will also be available soon. Furthermore, you can use the USDP stablecoin for fundraising purposes, attracting support for your projects. Additionally, you can create and manage NFT tickets for your events, providing a simple and secure way for attendees to access your events. Lastly, with Access NFTs, you can offer additional services and benefits to your product users, maintaining complete control over access to any Raise product you use.

Can I use NFTs as collateral?

Yes, you can use NFTs as collateral. NFTs can be used as a liquidity tool while preserving ownership.

How can I raise funds for my projects using Unit Protocol?

To raise funds for your projects using Unit Protocol, you can utilize the permissionless lending and borrowing protocol offered by Unit Protocol. You can use a wide selection of tokens, including ERC-20 tokens and NFTs, as collateral to borrow liquidity in the form of USDP stablecoin. This liquidity can be used for various purposes such as borrowing more tokens, staking in projects, or cashing out. Additionally, Unit Protocol provides permissionless tools for the NFT space, allowing you to turn your NFTs into a liquidity tool and generate yield while preserving ownership. Furthermore, Unit Protocol offers fundraising opportunities where you can present your projects and attract support from individuals who want to be part of your success story. Additionally, if you are organizing events, you can use NFT tickets provided by Unit Protocol to provide secure access to your events and promote them. Lastly, with Access NFTs, you can offer additional services and benefits to your product users while maintaining control over access to any Raise product you use.

Can I create and manage NFT tickets for events?

Yes, you can create and manage NFT tickets for events using the Raise platform. Raise offers a simple and easy way to mint and manage NFT tickets, providing access to events in a secure and straightforward manner.

What are the benefits of using Access NFTs?

The benefits of using Access NFTs include providing additional services and exceptional benefits to product users, complete control over access to any Raise product used, the ability to turn fancy NFTs into a liquidity tool while preserving ownership, the opportunity to generate yield through short-term financial strategies while collecting artwork for long-term financial strategies, permissionless tools for the NFT space, the ability to raise material, intellectual, and emotional support for projects, a simple and secure way to provide access to events through NFT tickets, the ability to borrow liquidity in the form of USDP stablecoin using a wide selection of tokens as collateral through Unit Protocol, the freedom to use borrowed USDP for various purposes such as borrowing more tokens, staking in favorite projects, or cashing out, the availability of a permissionless lending and borrowing protocol with elastic interest rates, and the ability to use ERC-20 tokens as collateral to borrow liquidity on one's own terms.