Unitus Finance: A Next-Generation Multichain Money Market

Unitus Finance is the natural next progression for dForce’s lending protocol. It is a cutting-edge DeFi money market that offers unique cross-chain and omni money market primitives. It was rebranded and emerged from dForce lending, and is the first platform to provide native dForce’s USX liquidity while incorporating native integration of Real World Assets (RWA).

Building on top of existing features, Unitus is also on track to unveil more powerful features (undergoing audits) over the next 2 months. With Unitus, users can access a wide range of DeFi features with optimal capital efficiency.

Key Features of Unitus

  • Truly multichain: Unitus is a truly multichain money market, supporting over 7 chains.
  • Novel tokenomics: New tokenomics and liquidity mining mechanism encourage long-term capital contribution and interest alignment.
  • Cross-chain lending: By integrating dForce’s native USX stablecoin, users can secure omni USX liquidity with collaterals across different chains.
  • Most efficient money market: Unitus maximizes capital efficiencies by supporting higher loan-to-value (LTV) ratios for peg assets, including LSD assets like wstETH, rETH, cbETH, etc., and RWA yield assets such as sDAI and sUSX. LTV ratios can be as high as 99%.
  • Customized money market for long-tail assets: Unitus introduces an isolated market for long-tail assets with flexible risk parameters.

Addressing Existing Problems

The current lending market suffers from a number of problems, including:

  • Fragmented liquidity across various chains and layers
  • Heavy reliance on continuous liquidity mining subsidies, attracting primarily mercenary capital and liquidity, leading to constant dumps on governance tokens
  • Significant risks associated with onboarding long-tail assets due to liquidity constraints and oracle issues, especially when relying excessively on third-party bridges for collateral assets

Unitus tackles these problems on multiple fronts:

  • Battle-tested code: Unitus’s codes have been battle-tested and alive for 7 EVM-compatible chains for over 3 years, and have undergone multiple audits, with two ongoing audits.
  • Features that unlock liquidity efficiency: Unitus introduces features such as a peg-asset mode and an isolated model for long-tail assets, which unlock liquidity efficiency.
  • Novel liquidity mining mechanism: Unitus implements a novel liquidity mining mechanism that prioritizes long-term liquidity providers instead of mercenary capital. This helps to ensure that Unitus has a stable and reliable source of liquidity.

Next Steps

Unitus is currently working on rolling out a brand new portal and website, as well as fine-tuned tokenomics and brand new liquidity mining incentives. The team is also working on unlocking powerful new features over the next two months.

Overall, Unitus Finance is a promising new DeFi money market that offers a number of advantages over existing protocols. It is worth keeping an eye on as it continues to develop and launch new features.