Liquidity Mining FAQ
Last updated
Last updated
You can earn UTS emission on your lending and borrowings by supplying liquidity for BLP (Bond Liquidity Provisioning).
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 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.
On the BLP page, users can view the value for BLP staked and the required BLP to be eligible for UTS emission.
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.
Access to UTS emission is exclusively available for whitelisted BLPs created on the following DEXes and staked on Unitus dapp.
Ethereum
Uniswap V2
Y
Y
Arbitrum
Camelot V2
Y
Y
Optimism
Velodrome
Y
Y
BNB Chain
PancakeSwap V2
Y
Y
Polygon
Quickswap
Y
Y
Conflux
Swappi
Y
Y
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.
At this early stage of the protocol, the $UTS emissions will be snapshoted and become claimable every Thursday around 12:00pm UTC. Once claimable, users can claim their $UTS earned anytime.
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.
Supplying liquidity for BLP (DF/UTS, USX/UTS) will grant you eligibility to receive UTS emissions, along with a boost (multiplier) applied to your deposits and borrowings:
DF/UTS
10x
USX/UTS
5x
Boost weight represents a multiplier applied to the UTS emission earned by users who provide liquidity and stake BLP with Unitus.
Simply put, for every dollar you provide in liquidity for DF/UTS, you will receive a boost of 10x or for the value of your BLP (5x for USX/UTS BLP). This means that your BLP will be considered as $10 (or $5 for USX/UTS BLP) in the calculation of UTS emission.
For example, a user deposited 100 USDT, 200 USDC, and 300 USX into Unitus and borrowed 60 USDT, 120 USDC, and 150 USX. To receive the maximum boost, this user needs to provide liquidity for either DF/UTS or USX/UTS equivalent to 10% (10x boost) or 20% (5x boost) of his highest supply or borrow amount.
USDT
100
60
USDC
200
120
USX
300
150
To achieve the maximum boost across all his supplies and borrows, this user must supply $30 equivalent of DF/UTS (with a 10x boost) or $60 equivalent of USX/UTS (with a 5x boost). If this user supplied liquidity for both DF/UTS and USX/UTS, he can receive the maximum boost when the combined BLP value for DF/UTS (multiplied by 10) and USX/UTS (multiplied by 5) exceeds $300.
Please note that this boost applies to all of his supplies and borrows.
In the early stages of Unitus, the protocol cannot provide an accurate confirmation of the required liquidity to achieve the maximum boost. However, the Unitus community is actively developing an APY calculator to help you better understand the emissions you can receive from your deposits and BLP staking. Stay tuned for updates!
Please visit the Unitus forum to view the UTS emission breakdown. Please note this shall be updated on a weekly basis to better accommodate market demand and ensure the highest liquidity mining efficiency.
On the 'Dashboard,' you can see two APYs for each asset. Taking USDC, for example, 2.72% is the natural interest rate paid by borrowers of USDC on Unitus, while 10.03% is the max yield users can receive by providing liquidity for BLP.
Please note that the maximum boost calculation considers various factors, including the total UTS allocation for a specific asset, market size, supply and borrowing volumes, and more. As a result, your actual liquidity mining APY may be lower than 19.08%.
On the ‘Dashboard’, you can view all your deposits and borrows with the actual APY, which includes both the base APY and the UTS APY. For example, this user receives 11.81% (2.71% base rate, paid in USDT, plus 9.1% boost rate, paid in UTS) on their USDT deposit and 7% (12.08% boost reward, paid in UTS, minus 5.08% borrowing cost, paid in USX) on his/her borrowings.
iUSX is a certificate issued to users who deposit USX into Unitus. The value of iUSX increases over time, reflecting the deposited USX and the interest earned.
When users withdraw USX from Unitus, iUSX is automatically burned as a response.
Users can stake iUSX on Unitus to earn UTS rewards, but it's essential to keep in mind that they must also provide BLP liquidity for DF/UTS or USX/UTS on specified DEXes for a minimum of 1% of their total deposit, including staked iUSX.
Go to 'Liquidity' and switch to the network where you initially deposited USX into Unitus.
Please ensure that you have USX deposited into Unitus on the same network to receive iUSX as your deposit certificate. Then, click on 'Stake' to proceed.
A window will appear showing the estimated amount of iUSX you will receive. Click 'Stake' to proceed. Once the transaction is confirmed, your iUSX will be staked into the contract.
You can switch to 'Unstake' to check your staked iUSX. The quantity will remain constant, while the value (exchange rate between USX and iUSX) will appreciate over time.
Staking iUSX allows users to earn various layers of interest, including:
Supply rate on their USX deposit
UTS emissions on their staked iUSX (provided users provide liquidity for BLP for a minimum of 1% of their total deposits)
Users should allocate a minimum of 1% of their total deposit, including staked iUSX, as BLP value to qualify for UTS rewards.
You can find the required amount of BLP liquidity to become eligible for UTS emission on the 'BLP' tab.
Additionally, please note that when calculating UTS emissions, your USX deposit and staked iUSX will be treated as a single entity. For example, if a user deposits 100 USX and stakes 100 iUSX on Unitus, his/her eligible deposit will be counted as 100 USX, not 200 USX.
It is also important to note that if USX has already been used as collateral for a loan, the iUSX available for staking must maintain a collateralization ratio of at least 1.
Click here to view the UTS emission details for iUSX (updates periodically).
If USX has already been used as collateral for a loan, the iUSX available for staking must maintain a collateralization ratio of at least 1.
On the staking page, the iUSX balance represents the amount of iUSX available that ensures a collateralization ratio of no less than 1. To reduce the risk of account liquidation, the balance displayed is 92% of the available amount.
No, users can withdraw iUSX and exit from staking at any time.
Yes. Users need to unstake iUSX from dForce before re-staking it on Unitus.
Then, you should navigate to the 'Liquidity' page on Unitus to re-stake your iUSX.
