Permissionless UniLend Protocol Will Be Witness on 6th July 2021
UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts.
UniLend’s journey started with the mission and vision to Unlock the true potential of Decentralised Finance. The platform have successfully launched Lending and Flash Loans products on Ethereum and Polygon Chain, which have been live for almost 3 Months without any security threats. With more than 17 tokens listed and millions worth of value locked, UniLend’s protocol is set to be permission-less.
WHAT DOES THIS MEAN?
- Permissionless listing of any token for Lending and Flash Loans to go live this Tuesday
- The protocol first went live on Ethereum with Lending and FLash Loans 3 months back in March.
- UniLend’s protocol has 17 tokens listed already with millions of dollars worth of tokens without any security risks.
- Detailed guide on how to start pool for lending of any token will be live after launch
- Team will continue to support projects which list on UniLend with rewards to the lenders
“We are allowing every token to take advantage of our permissionless listing, now projects can participate in DeFi from the start of their IDO. Our protocol will become a hub for Lending, Borrowing, Flash Loans and many more DeFi Functions.”—Chandresh Founder and CEO UniLend Protocol
In the coming days, UniLend will release a detailed guidelines and details on how anyone can start a pool for any token in a few simple steps on both chains. It is a major milestone not only for UniLend but for the entire DeFi space.
ABOUT UniLend Protocol
UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts.
RESOURCES
Medium
