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UniLend Finance: Huge Price sours and Huobi Listing ahead of its V2 Launch

UFT/USDT Trading Pair now listed on Huobi Global

On 30th September, UniLend Finance announced the successful listing of their token UFT on Huobi Global Exchange via the UFT/ USDT trading pair. 

In addition to being listed on Binance, GateIO, Uniswap and many major exchanges, the UFT token got listed on Huobi Global Exchange. Huobi Global Exchange is one of the world’s leading crypto exchanges supporting over 1000 trading pairs and more than 600 cryptocurrencies. Increasing UFT exposure to Huobi’s hundreds of million users and bringing them to the world of permissionless borrowing and lending.

A closer look at what V2 has to offer

UniLend Finance is building multichain permissionless lending and borrowing protocol for All ERC20 tokens. UniLend is currently undergoing a major protocol update that will allow anyone to start lending and borrowing any ERC20 token just like anyone can start trading any token on a decentralized exchange (DEX) without approval/permission. Their vision is to act as a Futuristic Base Layer for all DeFi applications. 

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. UniLend v2 mission is to “Make Every Digital Asset Productive”

As per the blog released by the team, UniLend v2 Code is already live on Github. Emphasising the importance of the 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.

Bullish Sentiment on Binance

With being listed on Huobi Global and long-awaited UniLend’s V2 upgrade approaching its launch, UFT price skyrocketed to 130% over the last month to a six-month high, gaining huge volume on Binance, the world’s leading crypto exchange.

The Path Forward

With V2, an era of a new 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 deploying its eagerly anticipated protocol. With this significant protocol development, UniLend will be able to tap into the over $500 billion cryptocurrency market cap, holding its fundamental belief to keep a user-first philosophy at the centre of all its developments.

Having launched and witnessed phenomenal growth for V1 with 25+ asset lending pools and $50 million worth of Flash Loans utilised across 4 major blockchains: Ethereum, Polygon, Binance Smart Chain and Moonriver, UniLend is all set for V2, keeping its community at the heart of their development.

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