UniLend Protocol is all set to take a giant leap, welcoming every token for lending-borrowing & disrupting the untapped market of $500 billion. UniLend became a permissionless protocol and integrated the top three utilized chains Ethereum, Polygon & Binance Smart Chain.
UniLend V1 was a unique offering that made low gas fees Flash Loans a reality and, at the same time, introduced the concept of Automated Rewards Distribution to the lenders. UniLend formed 50+ partnerships and witnessed phenomenal growth in the usage of Unilend V1 with 25+ asset lending pools and $10 million worth of Flash Loans utilized across Ethereum, Polygon, and Binance Smart Chain.
They have also launched a $1 million grant program, and its engineering team has extended support to young and budding projects like uBoost to extend the usability of their protocol.
UniLend V2 will enable anyone to list a token on the protocol and straightaway access the DeFi services without any barriers. This inclusive approach will set Unilend apart from other DeFi protocols where they act as gatekeepers. In addition, UniLend V2 will open up collateral for all assets using their unique approach of dual asset pools.
Version 2 is more than just an incremental update — it marks a significant evolutionary milestone for UniLend. With v2, an era of a new financial system will impact the lives of billions of people with inclusion into Decentralized Finance.
UniLend V2 is a giant leap in protocol architecture and user experience. V2 will be a multi-layered, full-stack permissionless protocol that enables Dual Asset Pools for lending & borrowing. UniLend dapp will allow a pair of any two ERC20 assets pooled together in permissionless nature and start lending borrowing. By eliminating the standard approach taken by major DeFi protocols, UniLEND will be the first to support every ERC20 asset for lending/borrowing without affecting or risking pools.
With V2, users will now be able to start borrowing more than 9000+ assets along with lending. In addition, the collateralization rates are algorithmically adjusted to incentivize the users and foster maximum liquidity in pools.
UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts