@UniLend Finance team has created a new concept of Concentrated Liquidations, where a liquidator can potentially liquidate multiple eligible loans within the same transaction rather than doing it on an address-to-address basis.✨
2/ The fundamental idea behind the liquidation remains the same with one added functionality:
● A bot that is monitoring pending transactions on-chain, finding loans eligible for liquidation
●A DEX that can be used to sell off the liquidated collateral to gain instant profits
● A smart contract that allows the liquidation of all eligible loans and the sale of the collateral in a single transaction
3/ Liquidators have the freedom to optimize their strategy by switching between Concentrated liquidation as well as traditional liquidation mechanisms as per requirements.
1/4 Hey everyone! 👋 Let's dive into the buzz around Chain Abstraction and the quest for a truly decentralized experience.🔥
As you hear more about chain abstraction, remember that @UniLend Finance has been developing this concept for the community 🧵👇
2/4 🚀 Chain Abstraction & Web3👇 Are you juggling multiple wallets for different blockchains? It's time to explore CHAIN ABSTRACTION! 🔍🌐
One of the most daunting aspects of Web3 for users is the management of gas fees across different chains.
3/4 😎Enter chain abstraction - represents a pivotal step forward in driving Web3 adoption by addressing the fundamental challenges of fragmentation and complexity.
✅No more juggling gas fees ✅Streamline UX ✅Single Interface
4/4 👇Follow along for insights. 🔍🌐 https://twitter.com/kryptic_kid_sid/status/1783147448892117025?t=5QCLad_54oxwTZVP0h211Q&s=19
📢Join the discussion to actively shape the future of UniLend Finance...be part of the decision-making process!👑
ℹ️Governance Proposal on #UniLend #DAO aims to leverage Arbitrum’s superior scalability and cost-efficiency to enhance UniLend v2’s overall performance and accessibility.🧑💻
🤝Join the hottest #DeFi crew and revolutionize the #web3 scene: 📃Form👇 https://twitter.com/kryptic_kid_sid/status/1777362945535881238?t=heF-DKKWNU4Y-sonRV_xVA&s=19
⏳ Application Deadline: April 20, 2024, 11:59 PM UTC
1/5 🎉 thrilled to tell you about a game-changing collaboration! #UniLendV2's Permissionless Dapp is now proudly listed on @PHANTOM Wallet, marking a significant milestone in the world of decentralized finance.
2/3 👨💻 The friendly crypto wallet built for DeFi & NFTs. | Get support at http://help.phantom.app | We never DM first or ask for your Secret Recovery Phrase!
3/3 📲 Now users can effortlessly tap into #UniLendV2 innovative lending and borrowing protocol.
Share this exciting announcement with your network, and let's pave the way for a new era of decentralized finance together. With @UniLend Finance and @Chainlink driving innovation,the future of defi is brighter than ever