In response to valuable community feedback, we are excited to announce several adjustments to Unitus liquidity mining initiatives, outlined below:
What is the BLP threshold?
Users will be required to supply liquidity for BLP (either DF/UTS or USX/UTS), equivalent to 1% of the total value of their deposit and staked iUSX (coming soon) in US dollars, to qualify for UTS rewards on their deposits and borrowings.
Mandatory BLP Threshold = 1% of the user’s combined deposit and staked iUSX in USD
For example, if a user deposits 1,000 USDC and stakes 1,000 iUSX, they must stake BLP equivalent to $20 in dollar value to be eligible for UTS emission.
- USDC LM Weighting: 1,000 + 20 * 10 for UTS/DF (or 1,000 + 20*5 for UTS/USX)
- iUSX LM Weighting: 1,000 + 20 * 10 for UTS/DF (or 1,000 + 20*5 for UTS/USX)
Starting at 1%, this threshold will increase as more emission enters circulation.
How do I check my eligibility for UTS emission?
On the BLP page, users can view the value for BLP staked and the required BLP to be eligible for UTS emission.
Is there any lock-up for BLP?
No, users can stake and unstake BLP on Unitus at any time.
However, please bear in mind that you will need to satisfy the 1% threshold in order to become eligible for UTS emission.
What yield can I earn on Unitus without BLP staking?
On the dashboard page, you can see the real-time deposit and borrowing rates for each asset:
Supply rate is generated by the borrowing costs paid by borrowers and disbursed to lenders in the same asset. For example, when you lend USDC, you receive USDC in return. Lenders can receive these organic rates regardless of BLP staking.
On the other hand, the boost rate represents what users should expect from emissions, provided they meet the threshold for BLP staking, and it’s paid in UTS tokens.
That being said, with the maximum boost on USDC as illustrated above, a user should expect a 15.68% APY (2.72% + 12.96%) on his/her USDC deposit, translating to a yield 4.76x higher than without BLP staking.
Where can I see my UTS rewards?
On the ‘Emission’ page, users can see all their UTS rewards, including those claimable at any time (UTS earned before the last snapshot) and pending rewards for the current epoch, which will become available around 12:00 pm UTC each Thursday.
