I was curious on Unit Protocol I brought up a while ago in the forum (even tho was briefly). I still haven’t heard any views on it. Has the team/pilot league looked into Unit protocol and their stable USDP?
Now that the liquidity issue is going to get fixed soon, I highly recommend team to get in touch with them, so we can use IDLE as collateral and easily mint their stable coin “USDP”.
USDP is already usable on yearn and curve and several other places. It can easily be swapped for other stables if needed as well with ease. crvUSDP on yearn is currently 2nd in stable coin APY %, offering users 45%.
It’s not difficult to get listed on unit protocol. The team just needs to be legit and have liquidity (which IDLE has now). Process is fairly quick as well.
Also, they will likely be large player in the future, so we can even do a collab with them and get USDP listed on IDLE protocol. (but thats just an extra idea).
But please go in their telegram or discord and get this going, so we can have extra utility fairly quick. I know Maker/Dai is a goal down the road, but this is just as good for now and a lot easier.