Unit Protocol is a decentralized protocol that allows you to mint stablecoin USDP using a variety of tokens as collateral. See the docs.
The most important part of the onchain stablecoin protocol is the oracles that allow the system to measure asset values on the fly. Unit Protocol stablecoin system currently uses the following types of onchain oracles:
- Direct wrappers for existing Chainlink feeds
- Custom wrappers for DeFi primitives (aka bearing assets) using Chainlink-based wrappers
- Keydonix-based time-weighted average price (TWAP) oracle implementation that uses a window of [100; 255] blocks for price calculation
- Keep3rOracle-based time-weighted average price (TWAP) oracle implementation that uses a window of 1.5 - 2.5h for price calculation