By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BlockscrollBlockscroll
Notification Show More
Latest News
Zuckerberg's Pursuit of Metaverse Reality Costs $13.7B
Zuckerberg’s Pursuit of Metaverse Reality Costs $13.7B
Press Release
According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto
According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto
Crypto
The Indian Government Announces New Crypto Tax Penalties
The Indian Government Announces New Crypto Tax Penalties
Crypto
Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!
Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!
Crypto
More than 300,000 Changsha Merchants Adopted Digital Yuan
Crypto
Aa
  • Bitcoin
  • Blockchain
  • Ethereum
  • Contact Us
Reading: UniLend Finance’s recent update says, their V2 Testnet launches by the end of this month
Share
BlockscrollBlockscroll
Aa
Search
Have an existing account? Sign In
Follow US
  • Bitcoin
  • Blockchain
  • Ethereum
  • Contact Us
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Blockscroll > Blockchain > UniLend Finance’s recent update says, their V2 Testnet launches by the end of this month
Blockchain

UniLend Finance’s recent update says, their V2 Testnet launches by the end of this month

Teresa Bach
Last updated: 2022/11/19 at 11:45 AM
By Teresa Bach 3 months ago
Share
4 Min Read
UniLend Finance’s recent update says, their V2 Testnet launches by the end of this month
SHARE

UniLend Finance has released a new update on 15th October for its much-anticipated Version 2 of their DApp, following on their mission to “Make every Digital Asset Productive”.
The announcement was greeted with enthusiasm by their community and everyone is waiting to see how V2 brings a never seen before experience for users in the DeFi space.
UniLend is a multichain permissionless Lending & Borrowing protocol for all ERC20 tokens. They are developing a Futuristic Base Layer for all DeFi applications. 
Their V2 version, a new innovation in the money market, will allow anyone to start lending and borrowing any ERC20 token just like anyone can start trading any token on a decentralised exchange (DEX) without approval/permission. UniLend Finance’s V2 brings the dual asset pools for lending & borrowing with price feed oracles and gas optimization. It also lists features like Flexible Lending, Flash Loans, Non Fungible Liquidity, Concentrated Liquidations, On Chain Price Feed, Security and a Seamless User Experience.
The team understands that to enable DeFi to attain mass adoption, they must integrate a seamless user experience. An easy-to-use and intuitive user experience can make the DeFi ecosystem more accessible and grow faster.
Currently, UniLend V1 Permissionless Protocol has been 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 and anyone can easily create their token pool all by themselves. 
As per the blog released by the team, UniLend v2 Code is already live on Github. Emphasising on the importance of security of the protocol, V2 smart contracts are audited by two leading blockchain auditors, PeckShield and Slowmist followed by a Multi-Tier Bug bounty program with developers platform ImmuneFi.
Quoting the CEO, Chandresh Aharwar, “The lending landscape still needs more innovation & experimentation to fulfil the need of an ever-growing crypto ecosystem with more assets supported. UniLend Finance V2 solves this with implementation of a safer approach of isolated lending pools.”
After months of rigorous internal testing and developments, UniLend V2 public tesnet goes live on 27th October, on various testnet on multiple chains like Rinkeby, Ropsten, Moonriver’s Moonbase, Kovan, Polygon Mumbai, and BSC testnet. With this release, a new era of the financial system will impact the lives of billions of people with inclusion into DeFi.
With more than 100 partners in the space, ongoing developments remain a top priority as the team continues to empower the DeFi ecosystem as it gets closer to deploy its eagerly anticipated protocol. With this significant protocol development, UniLend will be able to tap into the over $500 billion cryptocurrency market cap, holding their fundamental belief to keep a user-first philosophy at the centre of all its developments. It’s clear UniLend Finance is a true competitor in the lending and borrowing arena with a laser-focused vision to deliver on long-term goals.

Post Views:
895

You Might Also Like

DIFC Unveils Metaverse Platform

OpenSea Expands NFT Category’s Game Option

Georgia to Initiate a Pilot Program for Digital Currency

$1M+ Bored Ape Collection Stolen by Social Engineering

RBI will Begin a Retail Digital Rupee Pilot on December 1

Teresa Bach October 22, 2022
Share this Article
Facebook Twitter Email Print
Share
Teresa Bach
By Teresa Bach
Teresa is a crypto writer. She is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood, and loves listening to folk music.
Previous Article Ethereum Ethereum Price Won’t Go Down Quietly: Risk of Bounce Grows
Next Article Mastercard and Paxos help banks offer crypto, Jack Dorsey details new social platform and Tesla hodls BTC: Hodler’s Digest, Oct. 16-22 Mastercard and Paxos help banks offer crypto, Jack Dorsey details new social platform and Tesla hodls BTC: Hodler’s Digest, Oct. 16-22
BlockscrollBlockscroll
Follow US

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?