UniLend x DFYN Partnership

Published on: 03.06.2021

DYFN joins hands with UniLend for revolutionizing Defi on Polygon.

UniLend’s flash loans and lending protocol has quickly become renowned. Briefly for those who might not yet be familiar, one function of our 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). Thus, 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.

As result of this partnership an 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.

UniLend is working with many great projects to create mutually beneficial relationships. Their collaboration with DFYN is particularly important as this listing will enable UFT arbitrage on Polygon.

What is DFYN?

DFYN is multi-chain decentralized AMM that launched and currently operates on Polygon but plans to expand operations to BSC, HEC, Avalanche, Algorand, and beyond in the very near future. Using DFYN, traders and speculators can swap tokens, time-lock single-asset stake the DYFN token, and yield farm for liquidity provider rewards. Additionally, DFYN’s ambitious multi-chain objectives align with UniLend’s goal of becoming a comprehensive and interoperable DeFi protocol that functions across multiple chains.