The UFTG is more than just a token; it’s a symbol of its commitment to community-driven decision-making and a catalyst for a more decentralized future. UFTG symbolizes its unwavering commitment to community-driven decision-making and catalyzes a more decentralized future.

Important Note: However, it’s essential to make it crystal clear that UFTG is only a wrapped version of UFT and that we are not releasing a new token or transitioning to a new token.

Understanding UFTG: Empowering Governance Participation

UFTG is the governance token that wraps native UFT tokens and will be required for users to participate in the governance. Users will be able to swap 1:1 between UFT and UFTG. In addition, UFTG is the cornerstone of Unilend’s Governance model. It’s the key that opens the door for community members to actively engage in shaping UniLend’s future. Having UFTG is your ticket to becoming an integral part of its governance processes.

Key Aspects of UFTG

1. Participation in Governance: UFTG is your access pass to actively engage in UniLend’s governance. As UFTG holders, users have the power to vote on proposals, and strategic decisions, suggest improvements and influence platform changes, and play a direct role in shaping UniLend’s future.
2. Community Empowerment: By getting UFTG, you become an integral part of UniLend’s community-driven decision-making process. Users have a say in the platform’s direction and can contribute to its growth and development.
3. Seamless Conversion: The 1:1 swap mechanism allows you to effortlessly exchange your UFT tokens for UFTG, ensuring a smooth transition and making it easy for everyone to participate in governance.
4. Boosting UFT token Utility: UFTG strengthens the UFT token’s role, giving it new significance in governance. Now, it’s not just for lending and borrowing but also decision-making.
5. Alignment with DeFi Principles: UFTG embodies the core principles of decentralized finance, promoting decentralization, transparency, and community involvement. It ensures that UniLend remains true to the ideals of the DeFi movement.

In conclusion, UFTG, the new Wrapped Governance Token of Unilend, signifies its unwavering commitment to community-driven decision-making and a decentralized future. It empowers users to actively participate in governance, all while enhancing the utility of its native UFT token. Importantly, UFTG is not a new token, it’s a wrapped version of UFT, with no transition or new token release. With UFTG, you’re not just part of UniLend, the community will be the driving force behind its growth and alignment with DeFi principles.

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In March 2021, UniLend v1 introduced the idea of flash loans coupled with permissionless lending allowing anyone to leverage the technology without any intermediation from the team. More than 30 tokens got listed on UniLend v1 in a permissionless manner and the liquidity was being used through flash loans for advanced DeFi applications.

Moreover, UniLend v1 permissionless lending and flash loans are live on four major blockchains — Ethereum, Polygon, Binance Smart Chain, and Moonriver. With the revolutionary protocol, anyone can easily create their token pool all by themselves.

UniLend Finance is bridging that gap by combining the decentralization aspect of enabling any ERC20 to be utilized as collateral for lending & borrowing functionality. Ultimately, UniLend aims to make every digital asset productive.

Furthermore, UniLend has recently launched the world’s first permissionless lending and borrowing, UniLend V2. It is also built upon the fundamental foundation of decentralization and Web3 applications with some groundbreaking new features that span from enhanced security to increased capital efficiency.

The new features of v2 include:

• Isolated Dual Asset Lending Pools
• Non-Fungible Liquidity
• Concentrated Liquidations
• Security (UniLend v2 was audited by Peckshield and Slowmist. Also successfully completed a smart contract bug bounty on Immunefi).

In addition, Tokenik expands the usual AMM protocol by implementing a price impact design into the swap interface. This in turn increases liquidity providers’ earnings by up to 70x times while drastically diminishing impermanent loss.

ABOUT Unilend Finance

UniLend is a multichain permissionless Lending & Borrowing protocol for all ERC20 tokens. They are developing a Futuristic Base Layer for all DeFi applications.

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ABOUT Tokenik

Tokenik is the world’s first Reward Farming DEX offering cash rewards and benefits for all users. Tokenik offers a one-stop-shop solution for all DEX transactions while rewarding users, projects, and liquidity providers.

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UniLend also provides spot trading, money markets, and lending and borrowing services, all under one decentralized, permissionless protocol.

Furthermore, UniLend is accessible to anyone who owns ERC-20 tokens due to its decentralized nature and permissionless token listing. In addition, the integrated smart contract in the protocol enables trade and DeFi capabilities inside the same protocol, resolving the liquidity and liquidation issue preventing DeFi from being adopted by a wider market.

Moreover, by supporting and providing specific functionality for various digital assets, UniLend addresses the issues of functionality fragmentation and limited capability. In addition, the UniLend Financial Token (UFT), a native currency for the network, serves as a governance and utility asset.

Together, SupraOracles and UniLend are exploring how SupraOracles technologies to use in DeFi applications while retaining security and transparency. The SupraOracles will help UniLend to use oracles for lending and borrowing operations with additional ERC-20 assets.

“The adoption of DeFi has to be revolutionized. We aim to lead the way with DeFi 2.0. Our partnership with SupraOracles will enable us to produce a cutting-edge, secure, and reliable solution as we move forward.”— Chandresh Aharwar, CEO of UniLend Finance

“The goal of UniLend is to help owners of digital assets realize their full potential. On their journey, we will assist them with our oracle services. We intend to boost DeFi usage across a wider market with this partnership.”— Joshua D. Tobkin, CEO and Co-founder of SupraOracle

ABOUT SupraOracles

SupraOracles combines traditional financial markets with Web3. Its goal is to provide a powerful cross-chain oracle to the developer community. SupraOracles also enables the interoperability of smart contracts to guarantee the future of financial markets by integrating real-world data into public and private chains. This technology provides the ability to create, deploy and manage data applications that are faster, more agile, and more resilient.

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ABOUT Unilend Finance

UniLend is a permissionless DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform.

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The Life Crypto is a multi-chain non-custodial wallet that lets users transfer crypto via nickname. Life is built on both BSC and ETH Networks and has a state-of-the-art bridge to enable easy transfer between the two. Life plans to add swap functionality, on/off ramp, and a one-of-a-kind Username marketplace. These are all planned in future app versions.

LIFE TOKEN

The LIFE token is the key to the entire LIFE ecosystem. It plays a vital role in staking, app functionality, retail purchases, bank transfers, and debit card transactions.

LIFE’s vision is to bridge crypto with everyday transactions in the real world while adding the simplicity of username identification and versatility of a multi-chain wallet.

UniLend is a multi-chain permissionless Lending & Borrowing protocol for all ERC20 tokens. They are developing a Futuristic Base Layer for all DeFi applications.

UniLend offers a comprehensive set of DeFi services. The platform offers permissionless lending and borrowing functionality for tokens.

Users can enable their token’s functionality for lending to get an interest rate and borrowing to pay an interest rate.

The flash loan feature facilitates un-collateralized loans, arbitrage opportunities, and collateral swaps.

Unilend Finance Token

The native utility token of UniLend is UFT, UniLend Finance Token. The token has multiple use cases for governance, platform utility, and much more.

ABOUT LIFE

LIFE offers one of the most competitive single asset staking platforms in the market, with flexible earning and time period options, all fully secured by audited smart contracts.

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ABOUT Unilend Finance

UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. In addition to cryptocurrencies, UniLend will also support various synthetic real-world assets and derivatives.

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