For the first time, all ERC20 tokens can be awarded and borrowed from Unilent with the upcoming version 2-press release
For the first time, all ERC20 tokens can be awarded and borrowed from Unilent with the upcoming version 2-press release
press release
press release. Unilend Finance has released his blog update blog, in which Unilend V2 is presented. The at the beginning of this year activated lending for every token together with flash loans.
The team has published a first blog in which various innovative functions in the upcoming version are explained, which will be able to manage the lending and loan of more than 9000 assets. The protocol went live with the permissionless list of all tokens in August. This major protocol update will be able to enclose the undeveloped crypto market capitalization of more than 1 trillion USD without any significant competition. Let's take a look at the most important functions of Unilend V2:
- double asset pools -Unilend V2 introduces pools for dual assets, similar to the uniswap liquidity model. Dual asset pools prevent the tokens in a certain pool from being immune to price and liquidity fluctuations of assets in other pools.
- non-fungable tokenization -The tokenization of credit/loan positions in debt titles NFTS enables users to act their credit/loan positions in open markets.
- Auf-chain price feed -The protocol has developed a mechanism of evidence in order to call up the price feed from the market data of the chain to determine the wealth position.
- gas optimization according to CTO and founder Suryansh Kumar , the minutes used high gas optimization approaches that make the core functions of Unilend Finance financially profitable.
- Security -The version V1, Lending & Flash Loans from Unilend is checked by the leading Smart Contract Auditor Certik.
V2 of Unilend Finance is considered by the community as the most decentralized money market protocol. Unilends V1 is already on three prominent blockchains Ethereum, Binance Smart. Live Chain and Polygon, and in the expectation that V2 will also be on all live.
Chandresh Aharwar, CEO and co-founder of Unilend, tweeted:
The current unused market capitalization is around $ 500 billion
We build the future of #Defi @unilend_finance ️
Welcome to the permissible world 🙌 https://t.co/dkz4shaatj
- Chandresh Aharwar (@chandresh1091) 11. October 2021
It is worth noting that Chandresh Marketing and Strategy led Matic (now polygon) before founding it. When he introduced unilent
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