This FAQ article is designed to answer your questions about how to earn UTS emissions, boost your yields, and navigate the intricacies of liquidity mining on Unitus. Let’s start!
How can I earn UTS?
You will be rewarded with UTS token by lending and borrowing on Unitus.
How can I boost my yields on Unitus?
You can provide liquidity for DF/UTS and USX/UTS on designated DEXes and stake the LP tokens on Unitus to become eligible for boosted emission.
Boost weight represents a multiplier applied to the UTS emission earned by users who provide liquidity and stake BLP with Unitus.
Simply put, for every dollar you provide in liquidity for DF/UTS, you will receive a boost of 10x or for the value of your BLP (5x for USX/UTS BLP). This means that your BLP will be considered as $10 (or $5 for USX/UTS BLP) in the calculation of UTS emission.
For example, a user deposited 100 USDT, 200 USDC, and 300 USDX into Unitus and borrowed 60 USDT, 120 USDC, and 150 USX. To receive the maximum boost, this user needs to provide liquidity for either DF/UTS or USX/UTS equivalent to 10% (10x boost) or 20% (5x boost) of his highest supply or borrow amount.
To achieve the maximum boost across all his supplies and borrows, this user must supply $30 equivalent of DF/UTS (with a 10x boost) or $60 equivalent of USX/UTS (with a 5x boost). If this user supplied liquidity for both DF/UTS and USX/UTS, he can receive the maximum boost when the combined BLP value for DF/UTS (multiplied by 10) and USX/UTS (multiplied by 5) exceeds $300.
Please note that this boost applies to all of his supplies and borrows.
What’s the difference between APY and APR?
Supply APY represents the compounded yield users can expect from their deposits, where interest earned is factored in to calculate the estimated annual interest rate.
APR, on the other hand, represents the annual interest users should expect from UTS emission, without compounding.
Where can I provide liquidity for BLP?
Access to boosted UTS rewards is exclusively available for whitelisted BLPs created on the following DEXes and staked on Unitus dapp.
How much UTS is emitted per day?
Please visit the Unitus forum to view the UTS emission breakdown. Please note this shall be updated on a weekly basis to better accommodate market demand and ensure the highest liquidity mining efficiency.
Please elaborate on the two APYs (Supply APY vs Max Boost).
On the ‘Dashboard,’ you can see two APYs for each asset. Taking USDC, for example, 3.05% is the natural interest rate paid by borrowers of USDC on Unitus, while 19.08% APR is the max yield users can receive by providing liquidity for BLP.
Please note that the maximum boost calculation considers various factors, including the total UTS allocation for a specific asset, market size, supply and borrowing volumes, and more. As a result, your actual liquidity mining APY may be lower than 19.08%.
Where can I see my actual APY?
On the ‘Dashboard’, you can view all your deposits and borrows with the actual APY, which include both the base APY and the UTS APY.
How can I calculate how much liquidity I need to provide in order to receive the max boost?
In the early stages of Unitus, the protocol cannot provide an accurate confirmation of the required liquidity to achieve the maximum boost. However, the Unitus community is actively developing an APY calculator to help you better understand the emissions you can receive from your deposits and BLP staking. Stay tuned for updates!
Where can I see my UTS rewards?
You can view your claimable UTS tokens (UTS earned before the last snapshot) on the ‘Emission’ page. However, UTS tokens earned in the current epoch won’t be visible until the next Snapshot (around 12:00 pm UTC each Thursday).
We are working on an upgrade expected to be released in the next couple of weeks, which will enable users to see their pending rewards (UTS tokens earned in the current epoch).
How can I claim my UTS rewards?
At this early stage of the protocol, the $UTS emissions will be snapshoted and become claimable every Thursday around 12:00pm UTC. Once claimable, users can claim their $UTS earned anytime.
Contract addresses of UTS, DF, and USX
Ethereum:
- DF: 0x431ad2ff6a9C365805eBaD47Ee021148d6f7DBe0
- USX: 0x0a5E677a6A24b2F1A2Bf4F3bFfC443231d2fDEc8
- UTS: 0x3B6564b5DA73A41d3A66e6558a98FD0e9E1e77ad
Arbitrum:
- DF: 0xaE6aab43C4f3E0cea4Ab83752C278f8dEbabA689
- USX: 0x641441c631e2F909700d2f41FD87F0aA6A6b4EDb
- UTS: 0x3B6564b5DA73A41d3A66e6558a98FD0e9E1e77ad
Optimism:
- DF: 0x9e5AAC1Ba1a2e6aEd6b32689DFcF62A509Ca96f3
- USX: 0xbfD291DA8A403DAAF7e5E9DC1ec0aCEaCd4848B9
- UTS: 0x3B6564b5DA73A41d3A66e6558a98FD0e9E1e77ad
BNB Chain:
- DF: 0x4A9A2b2b04549C3927dd2c9668A5eF3fCA473623
- USX: 0xB5102CeE1528Ce2C760893034A4603663495fD72
- UTS: 0x3B6564b5DA73A41d3A66e6558a98FD0e9E1e77ad
Polygon:
- DF: 0x08C15FA26E519A78a666D19CE5C646D55047e0a3
- USX: 0xCf66EB3D546F0415b368d98A95EAF56DeD7aA752
- UTS: 0x3B6564b5DA73A41d3A66e6558a98FD0e9E1e77ad
Conflux:
- DF: 0x53aa2b7bead41614577ba5b636c482790c5f54c5
- USX: 0x422a86f57b6b6F1e557d406331c25EEeD075E7aA
- UTS: 0x3B6564b5DA73A41d3A66e6558a98FD0e9E1e77ad
