Introducing Unitus V2: A New Paradigm for Dynamic Multichain Lending Protocol
With battle-tested code operating for more than 4 years, Unitus has emerged as a pioneering lending protocol across our supported networks, boasting novel features such as sustainable tokenomics and an improved multichain user experience. With the growing mainstream adoption of DeFi, the demand for advanced lending solutions — offering efficiency, security, and flexibility — has reached unprecedented levels. In light of this, we are thrilled to announce the upcoming V2 of our protocol, which introduces a suite of innovative features aimed at enhancing capital efficiency and tailored risk management.
Continue reading to delve into the exciting developments that compose Unitus V2 and its revamped potential role in shaping the future of DeFi!
Introduction of Segregated Mode: Tailored for emergent assets
A standout feature of Unitus V2 will be the Segregated Mode, creating markets where users can collateralize their supply to borrow exclusively from certain segregated markets. Governance will have the authority to list new assets as ring-fenced assets, with long-tail assets anticipated as the perfect use case. These assets will come with specific debt ceilings denominated in USD, ensuring prudent risk management within the protocol.
By enhancing risk mitigation, this feature unlocks the possibility for Unitus to expand its market offerings.
Supercharged Mode: Enhanced Capital Efficiency
Unitus V2 will also introduce the Supercharged Mode feature, designed to maximize capital efficiency in scenarios where collateral and borrowed assets exhibit correlated prices. With Supercharged Mode activated, users can benefit from tailored borrowing options aligning with their risk preferences. Each category will include specific liquidation incentives and close factors, while each asset in the same category will adopt specific LTV and liquidation thresholds, respectively.
Assets within the same Supercharged category can be borrowed seamlessly, streamlining the lending process and reducing friction for users.
Supercharged markets are set to bring great efficiency improvement for leveraging correlated assets, i.e LST, LRT such as stETH, rETH, rstETH, RWA assets, and yield stablecoins like sDAI, USDe, and more. By amplifying users’ borrowing power and optimizing interest rates, Supercharged Mode is poised to greatly enhance the accessibility and liquidity of correlated assets. Unitus, with its emphasis on reduced risk and enhanced efficiency, will soon emerge as a central player in this powerful narrative.
Note that supercharged mode does not restrict the usage of other assets as collateral, enabling borrowers to diversify their collateral choices while enjoying the benefits of optimized capital efficiency.
Time-Locked Contract for Secure Transactions
To further enhance security and mitigate potential risks, Unitus V2 also brings time-locked contracts for withdrawals and borrowings. This feature adds an extra layer of protection by introducing a delay mechanism for certain transactions, reducing the likelihood of unauthorized access or malicious activities.
Optimize your DeFi experience with USX!
Unitus V2 will enhance USX’s utility as a liquidity conduit, seamlessly facilitating cross-chain lending and significantly enhancing user engagement. Its unique features, together with Unitus’ upcoming changes, will make it easier and more cost-effective for users to navigate diverse chains while maximizing efficiency. For example, users will soon be able to borrow USX against other stablecoins thanks to the Supercharged Mode and leverage this liquidity to bridge across various blockchain ecosystems.
Much more than a stablecoin, USX represents a bridge between chains, empowering users to chase yields with unparalleled ease and effectiveness.
Timeline
By incorporating new features and user-centric design principles, Unitus V2 sets a new standard for multichain lending protocols. With features tailored to broaden asset offerings, capital efficiency, and risk mitigation, Unitus V2 paves the way for a more inclusive, transparent, and resilient decentralized financial landscape.
Yet, our journey doesn’t end here. As the DeFi space continues to evolve, Unitus will remain at the forefront of innovation, driving forward the principles of decentralization, accessibility, and financial sovereignty. Unitus V2 represents a significant milestone in our DeFi journey, but it’s just the beginning. We are dedicated to maintaining our position at the forefront of the rapidly evolving DeFi landscape, continually adapting to meet the ever-changing needs of our users.
Unitus V2 already went through audit with Mixbytes and engaged Certora to assist in our formal verification. We are going to launch textnet for a bounty program, then gradually launch network by network, subject to governance.
Stay tuned for more updates.
