For the first time, all ERC20 tokens can be lent and borrowed with the upcoming version 2 of UniLend – press release

Press release

PRESS RELEASE.UniLend Finance has published its blog update blog introducing UniLend v2. The Binance Innovation Zone projectearlier this year enabled lending for each token along with flash loans.

The team has published an initial blog explaining various innovative features in the upcoming release that will enable UniLend to manage lending and borrowing of more than 9000 assets. The protocol went live in August with the permissionless list of all tokens. As a result, it already has more than 25 cryptocurrencies live for lending and unsecured borrowing via flash loans.

This major protocol update will enable UniLend to tap into the untapped crypto market cap of more than $1 trillion without significant competition. First, let's take a look at the key features of UniLend V2:

• Doppelte Asset-Pools – UniLend v2 führt Pools für duale Vermögenswerte ein, ähnlich dem UniSwap-Liquiditätsmodell. Duale Asset-Pools verhindern, dass die Token in einem bestimmten Pool immun gegen Preis- und Liquiditätsschwankungen von Vermögenswerten in anderen Pools sind.
• Nicht-fungible Tokenisierung – Die Tokenisierung von Kredit-/Darlehenspositionen in Schuldtitel NFTs ermöglicht es den Nutzern, ihre Kredit-/Darlehenspositionen auf offenen Märkten zu handeln.
• Auf-Chain Preisfeed – Das Protokoll hat einen Beweismechanismus entwickelt, um den Preisfeed aus den Marktdaten der Kette abzurufen, um die Vermögensposition zu bestimmen.

• Gasoptimierung – Laut CTO und Gründer Suryansh Kumar, hat das Protokoll hohe Gasoptimierungsansätze verwendet, die die Kernfunktionen von UniLend Finance für die Kreditvergabe finanziell rentabel machen.
• Sicherheit – Die Version v1, Lending & Flash Loans von UniLend wird vom führenden Smart Contract Auditor Certik geprüft.

UniLend Finance’s V2 is considered by the community to be the most decentralized money market protocol. UniLends V1 is already available on three prominent blockchains Ethereum, Binance Smart . live Chain and Polygon, and expecting V2 to be live on all of them too.

Chandresh Aharwar, CEO and co-founder of UniLend, tweeted:

The current untapped market cap is around $500 billion

We are building the future of #DeFi @UniLend_Finance ️

Welcome to the permissionless world 🙌 https://t.co/Dkz4shaatJ

— Chandresh Aharwar (@chandresh1091) October 11, 2021

It's worth noting that Chandresh led marketing and strategy at Matic (now Polygon) before co-founding UniLend. As he introduced UniLendLast year, the total value of assets locked in DeFi was only around $15 billion, which has now increased more than six-fold to over $90 billion. And the market UniLend is tapping is rising to over $500 billion from $16.7 billion last year.

This is a press release. Readers should conduct their own due diligence before taking any action in connection with the advertised company or any of its affiliates or services. Bitcoin.com shall not be responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in the press release.

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