UniLend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. Whereas other DeFi protocols support only ~30 assets, anyone can list any ERC20 asset on UniLend for decentralized trading and lending/borrowing.

UniLend’s mission is to open the DeFi space up to the $29B of ERC20 tokens which are currently excluded from DeFi, hence their motto ‘unlocking the true potential of decentralised finance’.

Existing DeFi solutions have left the majority of digital assets outside of the DeFi ecosystem. There are over 6000 tokens listed on coinmarketcap. However, other DeFi protocols support less than 30 assets. Some protocols offer lending and borrowing with a limited set of tokens while others offer the freedom to trade any ERC20 assets but neglect the lending and borrowing aspect.

UniLend is bridging that gap by combining the decentralization aspect of enabling any ERC20 to be utilized as collateral for lending & borrowing whilst providing the flexibility for users to also trade their assets in-platform. Ultimately, UniLend aims to unlock the full potential of digital assets for their owners.

UFT token is primarily used to facilitate governance of the UniLend protocol. A number of factors relating to the proper functioning of the protocol, will be decided by UFT holders via proposals which require majority consensus to be implemented.

Liquidity providers are a key component in ensuring the sustainability of a decentralized finance protocol by facilitating liquidity within the protocol. They will therefore be rewarded with UFT tokens via liquidity mining, in addition to a percentage of trading and borrowing fees.

Platform users who use UniLend for lending, borrowing or trading will be rewarded with governance power in the form of UFT tokens to encourage not only use of the platform’s services, but also to facilitate distributed governance.

The all-time high of UFT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of UniLend (UFT) is 0. The current price of UFT is down 0% from its all-time high.

As of , there is currently 85.05M UFT in circulation. UFT has a maximum supply of 0.

The current market cap of UFT is 30.93M. It is calculated by multiplying the current supply of UFT by its real-time market price of 0.363667020146.

The all-time low of UFT was 0 , from which the coin is now up 0%. The all-time low price of UniLend (UFT) is 0. The current price of UFT is up 0% from its all-time low.

UniLend (UFT) has a market capitalization of $30.93M and is ranked #930 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze UniLend (UFT) price trends and patterns to find the best time to purchase UFT.