UniLend V2 Launched: Becomes 1st True Permissionless Lending & Borrowing Protocol
The UniLend team is looking to revolutionise the lending and borrowing scene in the DeFi space by launching its much awaited V2 testnet on the Goerli chain today. It is the first ever protocol that claims to “Make Every Digital Asset Productive”.
Earlier, UniLend Finance CEO, Chandresh Aharwar, unveiled the version of the UniLend Dapp for the first time on Binance Live, calling it “The world’s first true permissionless lending and borrowing protocol.”
The DeFi space has expanded dramatically in recent years, but it is still in its early stages. In the same way, anyone can start trading any token on a decentralized exchange without getting permission or approval.
The team also announced an Airdrop worth $5000 UFT for early tester which will run for couple of weeks.
In order to enable you to quickly learn about v2 , we advise you to dive into the documentation:
–Core UniLend V2 smart code on Github
–Whitepaper
Launched after months of rigorous internal testing, hard work and sweat, the team says it’s confident that with this release, a new era of the financial system will impact the lives of billions of people with inclusion into DeFi. With UniLend V1 Permissionless Protocol being live for more than a year on four major blockchains: Ethereum, Polygon, Binance Smart Chain, and Moonriver with more than $50 Million Flash Loans executed, the team is extremely enthusiastic and optimistic about the V2 Testnet launch.
The lending and borrowing scenario should be 100-times what it is today, and UniLend, with its V2, the future of Defi, is taking the first step in that direction, also bringing the dual asset pools for lending and borrowing with price feed oracles and gas optimization. It also boasts features like Flexible Lending, Flash Loans, Non-Fungible Liquidity, Concentrated Liquidations, On Chain Price Feed, Security and a Seamless User Experience.
UniLend assures users that new developments won’t stop and they will continue to monitor the testnet and release new functionalities and features in future versions. They understand the need for a seamless, intuitive, and easy-to-use user experience for mass adoption and integrate these principles into the code, making the DeFi ecosystem more accessible and allowing it to grow faster.