UniLend UFT
$0.41722 2.75%
Latest Updates
Updated at 09:05$32,647,782.05
#723
$2,020,515.96 3.15%
-$0.01146 2.75%
-$0.00104 0.25%
What about UniLend?
UniLend (UFT) is a permission-less DeFi protocol that allows users to trade and lend/borrow cryptocurrencies seamlessly. The project’s team channels its energies toward providing users with a one-stop-shop for all their DeFi needs. Users can trade cryptocurrencies in a spot market and also lend/borrow funds, within the same platform.
As a decentralized finance (DeFi) platform, UniLend offers several unique features. Flash loans allow users to borrow funds without collateral, which can be repaid in the same transaction, providing flexibility to execute complex DeFi strategies.
Permission-less listing enables anyone to list any ERC-20 token on the platform without requesting the official approval from the protocol's administrators.
Flexible lending enables users to set their interest rates and lending terms, fostering a competitive and transparent lending market.
On-chain price oracles ensure accurate and reliable pricing information for assets traded on UniLend.
Non-fungible tokenization allows users to create unique tokens representing real-world assets, enabling fractional ownership and trading on the blockchain.
Lastly, the dual asset pool model allows users to trade between two assets without the need for a third-party exchange, providing liquidity and reducing trading fees.
UniLend's spot trading functionality is powered by an automated market maker (AMM) algorithm that ensures liquidity for all the listed tokens. Users can trade coins and tokens at real-time market prices without needing order books or centralized exchanges. UniLend's smart contracts ensure that all transactions are transparent, secure and irreversible.
The UniLend protocol's native token is UFT, which is used to pay for transaction fees and govern the protocol. UFT holders can participate in the platform's governance, propose and vote on changes to the project’s parameters, and earn staking rewards.
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