It's no news that UniLend Finance made massive waves in shaping the future of #DeFi and #Web3 with its permissionless lending and borrowing protocol, UniLend introduced #UniLendV2 which allows anyone to start lending and borrowing any ERC-20 token, just like trading any token on a decentralized exchange (#DEX) without permission.
the second version of UniLend can accommodate lending and borrowing of more than 9000 assets 🤯. With over $500 billion crypto market, some key features of the #UniLendV2 includes👇
•Chain abstraction:
Unilend chain abstraction mechanism allows you to experience all the functionalities of several chains in just 1 chain
See here:
https://twitter.com/UniLend_Finance/status/1795516978343612779?t=pgb6WKpSIgBdo5Izg6c7pw&s=19
•Permissionless listing:
UniLend permissionless framework allows users to bootstrap new pools through an intuitive user interface that allows the combination of tokens, on-chain oracle and custom pools including liquidation thresholds and loan to value ratios
•Dual asset pools:
UniLend Finance #UniLendV2 introduces pools for dual assets similar to the Uniswap liquidity model. Dual asset pools prevent the tokens in a specific pool to be immune to price and liquidity fluctuations of assets from other pools.
•Nonfungible tokenization:
UniLendV2 allows tokenization of lending/borrowing positions into debt nonfungible tokens (#NFTs)which enables the users to trade their lending/borrowing positions in open markets.
•On-Chain price feed:
UniLend has built a proof mechanism to fetch the price feed from on-chain market data to determine assets position.
•Gas optimization:
UniLend_Finance has taken high gas optimization approaches that make the UniLend Finance core functionalities of lending borrowing financially viable.
•Security:
the #UniLend's v1 lending and flash loans version is audited by best smart contract auditor Certik.
UniLendv2 is sought as the most decentralized money market protocol by the #DeFi community. #UniLend's v1 is live on three prominent blockchains: Erc, Bep & Pos & v2 on Erc