PRESS RELEASE. UniLend Finance published their protocol update blog introducing UniLend v2. The Binance Innovation Zone project has earlier this year enabled Lending for every token along with Flash Loans.
The team published an initial blog explaining various innovative features in their upcoming version, which will equip UniLend to handle Lending and Borrowing of more than 9000 assets. The protocol went live with the Permissionless listing of any token this august. As a result, it already has more than 25 cryptocurrencies live for Lending and uncollateralised borrowing through Flash Loans.
This Major protocol update will equip UniLend to tap into the untapped $1 trillion+ crypto market cap without significant competition. First, let’s take a look at the Key Features of the UniLend V2:
- Dual Asset Pools – UniLend v2 introduces pools for dual assets similar to the UniSwap liquidity model. Dual asset pools prevent the tokens in a specific pool to be immune to price and liquidity fluctuations of assets in…