Dear Unitus Community,
Welcome to our Monthly Update series! November 2024 was characterized by a huge milestone event, which we’re excited to recap in this monhly issue. So, let’s dive right in!
Main events and announcements
- The BLP upgrade went LIVE! Legacy BLP emissions are paused, and UTS rewards are now flowing to those who’ve migrated their BLPs to the new contract!
So far, UTS emissions were handled in a centralized manner through periodical snapshots and a manual weekly aggregation of data to assign emissions conducted by our team. As of November 21st, Unitus introduced the BLP Farm V2 upgrade, which adopts a decentralized, non-custodian distribution scheme. With this upgrade, there are no snapshots, no delayed claiming, and no custodians. UTS distribution via BLP staking is carried out in a completely decentralized manner, with users becoming able to claim UTS rewards at any time, without needing to wait for the weekly announcement on Thursday.
Click here to learn more and check out the tutorial in case you still haven’t migrated your BLPs!
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 December 4th, Unitus achieved a deposit value of $12.55 M, and a borrow value of $4.2 M. The cumulative deposit value equals to $4.33 B, while the accumulative deposit borrow is $2.5 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.
And that was all for now! Make sure to follow Unitus not to miss out the upcoming announcements and updates!