Unit Protocol is a decentralized protocol that allows you to mint stablecoin USDP using a variety of tokens as collateral.
The Unit Protocol offers a robust infrastructure for stablecoin minting and management, backed by a diverse range of collateral assets. It emphasizes security, flexibility, and efficient governance, making it a comprehensive solution in the DeFi space.
See the docs.
See in additional document: Contract addresses
The most important part of the onchain stablecoin protocol is the oracles that allow the system to measure asset values on the fly. Unit Protocol stablecoin system currently uses the following types of onchain oracles:
- Direct wrappers for existing Chainlink feeds
- Custom wrappers for DeFi primitives (aka bearing assets) using Chainlink-based wrappers
- Keydonix-based time-weighted average price (TWAP) oracle implementation that uses a window of [100; 255] blocks for price calculation
- Keep3rOracle-based time-weighted average price (TWAP) oracle implementation that uses a window of 1.5 - 2.5h for price calculation
- Oracles for different LP tokens
Info about concrete oracle used for collateral is listed on collateral page on https://unit.xyz/