How UniLend v2 Will Be The Next Catalyst Of DeFi Mass Adoption

4 min readOct 15, 2022

UniLend Protocol is ready to disrupt the DeFi space, welcoming every token for lending and borrowing. UniLend is a multichain permissionless lending and borrowing protocol for all available digital assets. Our aim is to develop a futuristic base layer for all DeFi applications.

UniLend is bridging the gap in the DeFi market by combining the decentralization and permissionless aspect of enabling any ERC20 to be utilized as collateral for lending & borrowing with the innovation of isolated dual pool assets & giving users the choice of risk mitigation. Ultimately, UniLend aims to unlock the full potential of digital assets for its owners.

UniLend v1 offered a unique, first-of-its-kind, permissionless Flash Loans service that users could leverage to develop advanced DeFi strategies such as arbitrage. This Flash Loans service was also utilized by multiple projects to build new applications, which helped countless projects for decentralized market making.

Taking another step forward, we are all set to launch our flagship permissionless money market product which empowers average users and institutions alike. Let us deeply dive into the intended user base for UniLend v2.

Decentralized Autonomous Organizations (DAOs)

In today’s Web3 ecosystem, DAOs have proven their importance as future organizations. DAOs are capable of managing everything from buying NFTs to being incubators to governing other Web3 protocols.

DAOs are the companies of the future and require powerful treasury management. That’s where UniLend v2 steps in. Permissionless lending and protocol such as UniLend can offer a robust and lossless treasury management solution for DAOs as explained in detail in our previously published article.

Institutions

Institutions such as angel investors, investment firms, and hedge funds have significant amounts of stablecoins (USDT, USDC, etc) and high market cap assets like ETH. However, most of those funds are sitting idle in the fund wallets. With UniLend v2, these institutions will have the opportunity to lend their funds, earning them interest without having to risk their assets or suffer any losses. Risk mitigation is of utmost importance for the UniLend team which appeals to institutional investors.

Institutional investing in crypto has completely changed in the past couple of years. Now more and more institutions are interested in having a piece of this cake. Institutions now understand the magnitude of utilities that entail blockchain technology. Such institutions are undoubtedly going to play an important role in the growth of DeFi going ahead.

Retail Users

UniLend v2 provides retail users the opportunity to lend and borrow any and all assets. People have many crypto tokens in their wallets, speculating price appreciation and profit booking. However, it can take days, months, or even years for such an appreciation in price, especially in a bear market. With UniLend v2, users can create a liquidity pool in a permissionless manner and start lending their tokens which are sitting idly in their wallets. This approach gives them a chance to extract the maximum benefit out of an investment.

UniLend has partnered with many mobile wallets such as Coin98, Math Wallet, Frontier, etc. Users of these mobile wallets can easily access UniLend v2 via their DApp section and begin their journey of permissionless lending & borrowing.

DeFi Yield Aggregators

With an increasing number of DeFi products, Yield Aggregators have gained popularity in the past couple of years. DeFi Yield Aggregators allow users to leverage multiple DeFi products to get maximum yield with a simple and intuitive UI. The UniLend team is working with a number of DeFi aggregators to get our v2 integrated. With these integrations, users of the above-mentioned yield aggregators will have access to our permissionless lending platform, allowing them to earn a yield on their holdings.

The Road Ahead

UniLend v2 is the first of its kind permissionless lending platform with the aim to bring a revolution to the DeFi industry. The UniLend team has always committed to contributing to this ever-growing field and the Ethereum ecosystem. With our v2 platform, we aim to change the landscape of the decentralized money market with many new innovations and a high level of security.