POND can now be collateralized to mint USDP on Unit Protocol | Marlin Protocol Announcements

POND can now be collateralized to mint USDP on Unit Protocol

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: https://www.marlin.pro/blog/duck-meets-pond-collateralize-pond-mint-usdp/

Steps:

Go to unit.xyz/POND and connect your wallet (MetaMask/WalletConnect).
Scroll down to 'Deposit collateral & borrow USDP. Enter the amount of POND you'd like to collateralize.
Click execute & approve the transactions to mint USDP.
Use the USDP in any way you wish.
Repay the USDP and/or withdraw the collateralized POND in the 'Repay USDP & Withdraw collateral' section.

That's it!

Spread the word: https://twitter.com/MarlinProtocol/status/1400486245348777991