UniLend

What is the token?

UniLend (UFT) is a DeFi protocol designed to fully leverage digital assets by enabling unrestricted lending and borrowing of any ERC20 tokens. This contrasts with other DeFi platforms that limit the variety of supported assets. UniLend facilitates listing any ERC20 token without the need for a central authority, expanding the range of assets eligible for DeFi operations, such as lending, borrowing, and interest generation. It aims to solve the DeFi sector's fragmentation by offering a comprehensive platform where diverse digital assets can be utilized effectively.

Tokenomics

• Total Supply

• : 100,000,000 UFT.

• Circulating Supply

• : 85,044,678 UFT.

• Allocation

• :

• Team: 15%

• Ecosystem: 10%

• Marketing: 8%

• Security Alignment: 5%

• Protocol Distribution: 15%

• Seed Round: 10%

• Private Sale: 20%

• Ecosystem Rewards: 15%

• Public Sale: 2%

Market Data

As of today #{today’s date}, the price of UniLend is ₹29.21 INR or 0.3134 USD, with a 24-hour trading volume of 2535909.03 USD. The market capitalisation for UniLend is 26691186.05USD. The circulating supply is 85050222.41 UniLend, with the total supply also being 100000000 UniLend.

Token Pros and Cons

:

• Permissionless Listing

• : Enables any ERC20 token to participate in DeFi activities without centralized control.

• Wide Asset Range

• : Supports a broader range of assets compared to other DeFi platforms.

• Isolated Dual Asset Pools

• : Enhances security by preventing the volatility of one asset from affecting others.

• Governance

• : UFT holders can vote on protocol changes, ensuring a decentralized governance structure.

• Incentives

• : Provides benefits and incentives for liquidity providers and participants.

:

• Market Saturation

• : Faces competition from established DeFi platforms with larger user bases.

• Complexity

• : The wide range of supported assets may introduce complexity in managing and understanding risk.

• Regulatory Uncertainty

• : As with all DeFi platforms, it faces potential regulatory challenges.

• Adoption Rate

• : Success heavily depends on the adoption rate among ERC20 token holders.

• Security Risks

• : While isolated pools enhance security, the DeFi space is inherently prone to smart contract vulnerabilities.

Why Should You Invest in the Coin?

• Innovative DeFi Solution

• : UniLend’s permissionless approach opens up new opportunities for a vast array of ERC20 tokens.

• Potential for Growth

• : As the DeFi space expands, UniLend’s inclusive platform could see significant adoption and value appreciation.

• Active Governance

• : Token holders have a say in the protocol’s future, aligning with the ethos of decentralized finance.

• Security Features

• : The isolated dual asset pool system offers a unique security advantage over other DeFi protocols.

• Strategic Partnerships

• : Collaborations with other DeFi projects could enhance UniLend’s ecosystem and utility.

USP of the Coin

• Permissionless for All ERC20 Tokens

• : UniLend stands out by allowing any ERC20 token to participate in DeFi, not just a select few.

• Isolated Dual Asset Pools

• : Offers a novel approach to managing risk and enhancing security within the DeFi space.

• Governance and Incentive Structure

• : Empowers users with governance rights and provides incentives to participate in the ecosystem.

Problem the Coin is Solving

UniLend addresses the fragmentation and limited asset participation in the DeFi space by enabling permissionless lending, borrowing, and earning interest on a wide range of ERC20 tokens. This inclusivity allows for greater liquidity and utility of digital assets that were previously excluded from DeFi activities.

Founder and Team Background

The UniLend team is led by Chandresh Aharwar, former marketing and strategy personnel at MATIC Network, with co-founders Suryansh Kumar and Tarun Malik bringing extensive experience in blockchain and DeFi. The team’s diverse background in crypto projects ensures a strong foundation for UniLend’s development.

ICO Price

• ICO Price

• : $0.15.

• Listing Date

• : The ICO ended on October 14, with no specific listing date provided.

• Initial Allocated Units

• : 1,000,000 tokens for public sale.

Risks Associated in Investing in the Coin

• Competitive Market

• : The DeFi space is highly competitive, with many platforms vying for user adoption.

• Regulatory Risks

• : Changes in regulatory landscapes could impact UniLend’s operations and token value.

• Adoption Challenges

• : Achieving widespread adoption among ERC20 token holders is crucial for success.

• Technical Risks

• : Smart contract vulnerabilities could pose security risks to users’ funds.

• Market Volatility

• : The cryptocurrency market is known for its volatility, which could affect UFT’s price.

Whitepaper Insights

UniLend is a permissionless decentralized protocol that aims to bridge the gap in the decentralized finance (DeFi) ecosystem by integrating spot trading with money markets that offer lending and borrowing services. The protocol is designed to support a wide range of tokens, including stocks, commodities, derivatives, synthetics, LP positions, and more, thereby providing a comprehensive DeFi solution that is not limited to a select few assets.

The core features of UniLend include:

• Permissionless Listing

• : Any ERC20 token can be listed on the UniLend platform without the need for a centralized entity to control the listing process. This feature democratizes access to DeFi services, making them available to a broader range of digital assets.

• Isolated Dual Asset Pools

• : UniLend introduces a unique concept of isolated dual asset pools, where users can create pools for any pair of ERC20 tokens. These pools are independent of each other, ensuring that the volatility of one asset does not affect the entire protocol. This design enhances security and provides flexibility for lenders to choose the assets against which they wish to lend by selecting a corresponding pool.

• Concentrated Liquidity and Flexible Pricing

• : The protocol allows for concentrated liquidity, which can lead to more efficient markets. Flexible pricing mechanisms are also in place to accommodate the unique characteristics of each asset pair.

• Governance

• : UFT token holders have the power to participate in the governance of the protocol. They can vote on changes to protocol parameters, ensuring that UniLend remains a community-driven project.

• Incentives

• : UniLend offers incentives for liquidity providers and participants to bootstrap the protocol and distribute governance tokens. These incentives are designed to encourage active participation and growth of the UniLend ecosystem.

• Non-Fungible Liquidity

• : The protocol utilizes NFTs to represent a lender’s right to withdraw funds from the pool. These NFTs are transferable and determine the user’s liquidity position within the pool, adding another layer of innovation to the DeFi space.

UniLend’s whitepaper outlines a vision for a more inclusive DeFi environment where a multitude of assets can be utilized for lending, borrowing, and trading. The protocol’s design is focused on security, flexibility, and community governance, with the goal of fostering a robust and diverse financial ecosystem on the blockchain.

The UniLend team is committed to providing a multichain lending and borrowing protocol that supports a wide range of tokens and offers a suite of features that address the current limitations in the DeFi market. By doing so, UniLend aspires to unlock the full potential of digital assets and contribute to advancing the DeFi sector.