Dear Unitus Community,
Welcome to our Monthly Update series! May 2024 was an extraordinary month for Unitus, and we’re excited to share the highlights with you. So, let’s dive right in!
✨ Main events and announcements
- Unitus V2 is live on Base! After a month of testnet, the new features of Unitus V2 are now live on the Base chain, with the deployment on the other chains coming soon! Visit https://v2.unitus.finance/ and enjoy our V2 now!
- Unitus launches a Bug Bounty program with Hacken Proof and Bug Rap! Join the campaigns today at https://hackenproof.com/unitus/unitus-v2-smart-contracts and https://t.co/VHACTpMxh2 and submit your findings, up for grabs are $50,000 worth of tokens!
- Discover our Deep Dives on the Time-Locked contract! The time-lock reaffirms our commitment to providing a secure and resilient financial ecosystem for all participants! Click here to learn more.
- UIP005 voted in support of sunsetting UTS emissions on Conflux.
- Extra: Here’s a comparison table between Unitus V1 and V2!
🗳 Governance
UIP005 — Sunsetting UTS emissions on Conflux
This UIP proposes to sunset UTS emissions for all lending and borrowing activities on Unitus within the Conflux network. The proposal passed with 100% of votes in support.
UIP006 — Deploy Unitus V2 on Base
This UIP proposes the deployment of Unitus V2 on the Base network, including the SuperCharged Mode, Segregated Mode, as well as the Time-Locked feature, with a selection of assets enabled as collateral under the SuperCharged mode. The proposal passed with 100% of votes in support.
📊 Data Analysis
UTS and BLP
Here are some info on the current circulation of UTS as well as the total current liquidity staked as BLP.
Lending Protocol
As of June 6th, Unitus achieved a deposit value of $16.363 M, and a borrow value of $4.523 M. The cumulative deposit value equals to $4.282 B, while the accumulative deposit borrow is $2.214 B.
Please note that we could not fetch data from Conflux eChain, which is therefore excluded from the data analysis section of our report for the time being.
For a complete overview on Unitus’ data, check our Dune Analytics page: https://dune.com/unitusfinance/dashboard.
Marketing
To introduce the bug bounty program with Bug Rap, our dev team also atteneded a X Space on May 29th. Click here to watch it!
