The Alliance Between DFyn And Unilend Will Revolutionize DeFi On Polygon

 A decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts, Unilend Finance joined forces with DFyn Network to revolutionize the DeFi industry. UniLend’s flash loans and lending protocol has quickly become famous.

One function of Unilend’s flash loans protocol is to allow users to take advantage of arbitrage opportunities without requiring upfront capital. Arbitrage opportunities are created by price disparity between automated market makers (AMMs). In order for this functionality to work, an asset must be listed on multiple exchanges within the same network. As a result of this partnership, Unilend’s native token $UFT will also be listed on the Dfyn Exchange.

UFT-DFYN farm has also been created in the Dfyn Ecosystem Farms category where 700 $DFYN tokens per day will be rewarded to stakers of UFT-DFYN LP tokens for the next 2 months. Using DFYN, traders and speculators can swap tokens, time-lock single-asset stake the DYFN token, and yield farm for liquidity provider rewards.

Soon, UniLend will launch flash loans and lending utilities for DFYN’s token. This incorporation will give DFYN holders the opportunity to lend their tokens on UniLend’s protocol and earn more DFYN while providing liquidity for our flash loans functionality. All DFYN tokens that holders lend on UniLend will be directly deposited into UniLend’s liquidity pools, which are connected to our Flash Loans protocol and act as a source of liquidity for anyone who uses them.

ABOUT UNILEND FINANCE
UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts.

ABOUT DFYN NETWORK
Dfyn is building a network of DEXes across multiple Layer 1 and Layer 2 blockchains. It is a multi-chain AMM DEX which is building to be an inter-connected AMM with nodes spread on different blockchains