Today marks a significant milestone as Unitus officially unveils the highly anticipated V2 upgrade on the Sepolia network’s public testnet! This launch grants all users the opportunity to explore the new features of V2 and contribute valuable feedback as we prepare for the Mainnet release.
Visit https://staging.unitus.finance/ to test our V2 and submit your bug report or improvement suggestion using this google form: https://forms.gle/HUU3NZCqFwMfEGqq7!
Try Unitus V2 and give us your feedback!
Unitus V2 is now live on the Sepolia network, the default testnet for Ethereum! Here’s how you can try it and be a part of this deployment:
1. First of all, if you haven’t done so already, add the Sepolia Network to your wallet. Follow this tutorial to learn how. If you are using Metamask desktop, you can click on “Select a network”, switch on the “show test networks” option, ad select Sepolia.
2. To obtain some faucet ETH and make transactions on Unitus V2, please visit one of the following resources:
https://faucet.quicknode.com/ethereum/sepolia
https://faucet.trade/sepolia-eth-faucet
https://www.ethereum-ecosystem.com/faucets/ethereum-sepolia
3. Now that you have some Sepolia ETH in your wallet, visit the Unitus V2 dApp on https://staging.unitus.finance/, switch the network on your wallet to Sepolia and connect it to the dApp.
4. Use our faucet on the dApp to obtain some more tokens as ARB, DAI, DF, FRAX, MAI, USDT and more. Please note that you will receive testnet tokens that are useful for testing but do not hold any value.
5. Done, you are now ready to test our V2!
6. Don’t forget that your feedback is crucial in shaping the Mainnet release of Unitus V2! Share your thoughts, suggestions, or report any bugs through our feedback form here!
Keep scrolling until the end of this article for a ste-by-step tutorial on how to claim faucet tokens and properly test the Supercharged and Segregated modes.
About Unitus V2
Emerging as a spin off within the dForce ecosystem, Unitus is always been pushing the boundaries of DeFi, with our upcoming V2 in particular being poised to introduce a suite of groundbreaking features aimed at enhancing capital efficiency and risk management. Namely:
- Supercharged Mode: Maximizing Capital Efficiency
Our V2 introduces the Supercharged Mode, designed to maximize capital efficiency and ofter a seamless experience to users in scenarios where collateral and borrowed assets exhibit correlated prices. Read our Deep Dive article to learn more.
- Segregated Mode: Tailored for Emergent Assets
A standout feature of Unitus V2 is the Segregated Mode, which creates markets where users can collateralize their supply to borrow exclusively from certain segregated markets. Read our Deep Dive article to learn more.
- Time-Locked Contracts for Secure Transactions
Unitus V2 has always prioritized security, with the introduction of time-locked contracts for withdrawals and borrowings being just the latest of a number of updates to add an extra layer of protection.
- Optimize Your DeFi Experience with USX
Overall, Unitus V2 will soon enhance USX’s utility as a liquidity conduit, facilitating cross-chain lending and enhancing user engagement.
Conclusion
Stay tuned for more updates as we approach the Mainnet launch of Unitus V2 to innovate and redefine DeFi lending. In the meantime, experience Unitus V2 on Sepolia testnet today, fill the form to share your feedback, and be a part of the future of decentralized finance!
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How to claim faucet on V2
- Please make sure you have some Sepolia ETH to facilitate the faucet claim.
- Each user can claim faucet once
Confirm from your wallet.
A basket of faucet tokens will be sent to your wallet upon confirmation of the transaction.
Supercharged Mode
You can switch to Supercharged Mode for optimized capital efficiency, allowing you to borrow more asset with collateral assets of similar value.
Currently, we support two categories of assets on Sepolia: 1) stablecoins; and 2) ETH and its derivatives. Please select your preferred category, and you will be able to see the elevated LTVs under the Supercharged Mode.
Click on ‘Enter Supercharged Mode’ to continue.
In Supercharged Mode, the LTV for stablecoins has been increased to 90%.
For example, if you supply 10,000 USDC as collateral, you can borrow up to $9,000 worth of other stablecoins.
You can exit ‘Supercharged Mode’ and switch back to the global pool from the Dashboard.
Segregated Mode
We have enabled three assets under the Segregated Mode on the Sepolia testnet: ARB, MAR, and rETH.
It’s worth noting that these segregated assets are not considered collateral by default; you will need to tick the box to enable them for use as collateral to back your loans.
Additionally, you can only enable segregated assets as collateral when you have NO other assets supplied as collateral at the same time — they are contradictory to each other.
We have implemented customized risk parameters for each supported segregated asset, including a borrowing cap for each borrower and for each asset during a specific period, among other factors. You can view the available borrowing amount for the selected asset on the same page.
As a gentle reminder, please ensure that you maintain your Adequacy Ratio above 1 to prevent loan defaults and collateral liquidation.
