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WEB3 3.0 WINNER
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).
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