Unilend Finance in AUGUST 2021
The month of August has come to an end. For Unilend, it was a progressive month with so many highlights worth celebrating.
UniLend’s $UFT Token got listed on Binance Bridge. Binance Bridge is a cross-chain bridging service that aims to increase interoperability between different blockchains. That was a major step in cementing UniLend’s place in Binance Smart Chain ecosystem.
On the 19th of August, UniLend launched a savings program on Binance. HODLers get to earn from high APYs of up to 60% by staking. The new high yield UFT savings program was executed on the Binance Exchange as Locked Savings which consists of variable staking duration. New wave of investors utilizing Binance Staking Products to add UFT to their long term portfolios were easily attracted by this.
A new chapter of permissionless DeFi was started for Unilend as it became live on Binace Smart Chain. Everyone can now start a lending pool for any token on BSC. Users will be able to start lending their favorite tokens, and immediately the liquidity will be available for Flash Loans with the intuitive app.
The team noted that 70% of the fees generated from Flash Loans revenue will be rewarded to the lenders; the same will continue on BSC.
UniLend also announced a $1 million Grants Program. Through this Grants program, they get to support and help to build the DeFi application on UniLend Finance’s Protocol. Many teams have been building with them, and now the teams on BSC can also join to build.
Tokens that want to start their Lending immediately with the team are encouraged to do so as the team has been going out of its way to extend extensive help for such projects and help them join the DeFi revolution on BSC. The projects will also get guidance, integrations, and marketing to UniLend’s 100k+ members vibrant community.
The first project goal is bent on improving DeFi capabilities to the BSC community and this can be seen in the step taken by UniLend to make its protocol permissionless in a way that anyone from the community can start off their tokens
UniLend collaborated with WazirX to celebrate Indian Independence Day 2021 in crypto-style! This was achieved through a week-long giveaway which started from the 11th of August.
Rocket Vault, a one-stop solution for simplifying crypto trading & value investing to drive mass adoption of crypto globally also got its token made live, allowing holders to lend their tokens and able to earn high APY.
The CEO & Co-Founder, Chandresh Aharwar sat down with GAINS Associates for an Interview where he discussed UniLend’s latest developments, $1 Million Grant, future goals, also how they are unlocking DeFi’s true potential, and he shared his thoughts about making money market accessible to everyone. He also spoke about his experience at Matic which is now known as Polygon.
Another big highlight is the welcoming of Zeroswap to their Ecosystem as a DEX Aggregator Protocol with Zee tokens Flash Loans to launch on UniLend, the commencement of trading UniLend’s UFT on Zerion and UniLend’s $UFT getting listed on LATOKEN Exchange!
For a comprehensive guide about how anyone can lend any token and if one wants to start the lending pool for tokens, how with a few simple steps, they can do it, do well to join UniLend channel for first hand information.
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