Unilend OMNIS — NFTfying the Decentralized Finance
UniLend Omnis implements NFTs as certificates for equities. Lenders on UniLend Omnis will receive an NFT to represent their right to withdraw funds from the pool. The descriptive nature of NFTs is better suited to manage higher dimension variables associated with lending and borrowing such as maturity, interest rate, liquidation, etc.
NFTs on UniLend Omnis will store multiple data points including the token addresses, lending & borrowing balances of the digital assets in an isolated dual asset pool. In Omnis, both lenders and borrowers will receive their liquidity position in the form of non-fungible tokens. These NFTs will determine users’ positions in the pool and are transferable should users decide to trade their positions in secondary markets.
As NFTs become cardinal in DeFi, protocols leveraging non-fungibility pools will allow users to have a wide range of choices with asset allocation and risk mitigation.
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ABOUT UniLend
UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts.
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