POND can now be collateralized to mint USDP on Unit Protocol.
03 Jun 2021, 16:16
POND can now be collateralized to mint USDP on Unit Protocol š¦
Use the USDP to make payments, exchange to other stable coins (USDT, USDC, DAI), buy ETH/BTC, or add liquidity on Curve Finance to farm CRV.
Dive in:
Steps:
š Go to unit.xyz/POND and connect your wallet (MetaMask/WalletConnect).
š° Scroll down to 'Deposit collateral & borrow USDP. Enter the amount of POND you'd like to collateralize.
ā
Click execute & approve the transactions to mint USDP.
š” Use the USDP in any way you wish.
šÆ Repay the USDP and/or withdraw the collateralized POND in the 'Repay USDP & Withdraw collateral' section.
That's it!
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