Unit Protocol Overview
- What is Unit Protocol?
Unit Protocol is a borrowing platform that allows users to mint USDP, a stablecoin, using crypto assets as collateral. This includes both standard cryptocurrencies and liquidity provider tokens from platforms like Uniswap, SushiSwap, and more.
- Main Features
- Wide selection of tokens as collateralInitial Collateral Ratio mechanismFlexibility to use borrowed USDP for different purposesElastic interest rates for lending and borrowingDecentralized and user-controlled
- Blockchains
- Ethereum
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Frequently asked questions
You can use over 160 different tokens, including ERC-20 tokens and NFTs.
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