Welcome to Mainnet Uprising: UniLend Tech Update Q3 2023⚙️
👷This new initiative will keep our community updated on behind-the-scenes development by our engineering team.
Read blog for more details ➡️ https://medium.com/@unilend/mainnet-uprising-unilend-tech-update-q3-2023-f55fd51019ff
🌟Major Highlights
💠Launching our Governance to the community. This is an essential step leading to true decentralization of UniLend Finance.
💠Development of a new age liquidation mechanism.
💠Revamping the UniLend UI to enhance user experience.
✅Throughout the previous quarter, our engineering team has focused on below major accomplishments:
🏛️UniLend Governance:
1. Launched our #governance framework.
2. Introducing UFTG: UFTG is the governance token that wraps native UFT tokens and will be required by users to participate in the governance.
3. Created detailed governance documentation, empowering users to discuss and vote on platform-related matters.
🏦Liquidation Mechanism:
1. Introduced a new concept of Concentrated Liquidations, where a liquidator can potentially liquidate multiple eligible loans within the same transaction.
2. Developed APIs for our Liquidation mechanism to onboard leading ecosystem liquidators to build on UniLend V2!
3. Developed a state-of-the-art liquidation bot that will help us maintain the stability of UniLend v2.
4. Decentralized exchange integrations with the Liquidation bot is in progress
5. Dedicated Liquidation UI to make Liquidation process more transparent and user-friendly is in progress
📲New UI:
1. The engineering team is developing a new-age UI to improve user experience based on user feedback on our testnet.
2. UniLend V2 will now support #WalletConnect and #Coinbase wallet.
📺Stay tuned for more exciting products from UniLend!
🫶Thank you for being a part of our journey towards a decentralized future!
