Unit Protocol (COL)

Unit Protocol (COL) is a permissionless lending and borrowing protocol that enables users to utilize a wide range of tokens as collateral to borrow liquidity in the form of the USDP stablecoin. The protocol offers optimized solutions for obtaining liquidity from various cryptoassets, including LP tokens, with over 160 tokens available as collaterals. What users do with the borrowed USDP is entirely up to them, whether it’s borrowing more tokens, staking in preferred projects, or cashing out, providing ample opportunities to maximize the potential of their crypto assets.

Unit Protocol supports using ERC-20 tokens as collateral, allowing users to borrow liquidity on their terms through a simple and secure process. By leveraging their ERC-20 tokens, users can unlock liquidity for various financial strategies, preserving ownership while generating yield. This flexibility empowers users to explore different short-term and long-term financial strategies while maintaining control over their assets.

Besides ERC-20 tokens, Unit Protocol facilitates using NFTs as collateral. Users can transform their valuable NFTs into a liquidity tool without giving up ownership. This allows users to seamlessly combine their long-term art collections with short-term financial goals, offering a unique approach to generating yield while preserving ownership. Furthermore, the platform provides permissionless tools for the NFT space, creating opportunities for fundraising, event ticketing, and offering additional services to product users through Access NFTs.