PRESS RELEASE. UniLend Finance revealed their protocol replace weblog introducing UniLend v2. The Binance Innovation Zone challenge has earlier this yr enabled Lending for each token together with Flash Loans.
The workforce revealed an preliminary weblog explaining numerous progressive options of their upcoming model, which can equip UniLend to deal with Lending and Borrowing of greater than 9000 belongings. The protocol went dwell with the Permissionless itemizing of any token this august. Consequently, it already has greater than 25 cryptocurrencies dwell for Lending and uncollateralised borrowing by way of Flash Loans.
This Main protocol replace will equip UniLend to faucet into the untapped $1 trillion+ crypto market cap with out important competitors. First, let’s check out the Key Options of the UniLend V2:
- Twin Asset Swimming pools – UniLend v2 introduces swimming pools for twin belongings much like the UniSwap liquidity mannequin. Twin asset swimming pools forestall the tokens in a particular pool to be immune to cost and liquidity fluctuations of belongings in different swimming pools.
- Non-Fungible Tokenisation – The tokenisation of lending/borrowing positions into debt NFTs allows the customers to commerce their lending/borrowing positions in open markets.
- On-Chain Worth Feed – The protocol has constructed a proof mechanism to fetch the value feed from on-chain market information to find out belongings place.
- Gasoline Optimisation – In accordance with CTO and Founder Suryansh Kumar, the protocol has taken excessive fuel optimisation approaches that make the UniLend Finance core functionalities of lending borrowing financially viable.
- Safety – UniLend’s v1, Lending & Flash Loans model is audited by main sensible contract auditor Certik.
UniLend Finance’s V2 is sought as probably the most decentralised Cash Market protocol by the group. UniLend’s V1 is already dwell on three distinguished Blockchains Ethereum, Binance Sensible Chain and Polygon, and anticipating that V2 may also be dwell on all of them.
Chandresh Aharwar, CEO & CoFounder of UniLend, Tweeted:
The present untapped market cap sits round $500 Billion 😁
Welcome to the permissionless world 🙌 https://t.co/Dkz4shaatJ
— Chandresh Aharwar (@chandresh1091) October 11, 2021
It’s value noticing that Chandresh was main Advertising and Technique at Matic (now Polygon) earlier than Co-Founding UniLend. When he launched UniLend final yr to the world, the Complete worth of belongings locked in DeFi was simply round $15 billion, which now has grown greater than 6x to $90 billion+. And the market UniLend is tapping into is hovering above $500 billion from $16.7 billion final yr.
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