Introducing UniLend V2 with isolated dual asset pools for Lending & Borrowing of all ERC20 tokens

UniLend Protocol is all set to take a giant leap, welcoming every token for lending-borrowing & disrupting the untapped market of $500 billion.

We are proud and overwhelmed to bring the most significant tech update to our 100K strong community members and the entire DeFi ecosystem.

Yess! UniLend V2 is nearing completion

UniLend V1 was a unique offering that made low gas fees Flash Loans a reality and, at the same time, introduced the concept of Automated Rewards Distribution to the lenders. As a result, we formed 50+ partnerships and witnessed phenomenal growth in the usage of Unilend V1 with 25+ asset lending pools and $10 million worth of Flash Loans utilized across Ethereum, Polygon, and Binance Smart Chain.

We also launched a $1 million grant program, and our engineering team has extended support to young and budding projects like uBoost to extend the usability of our protocol.

With all these updates over the past year, UniLend inched closer to the vision of Truly Decentralized money markets with Lending/Borrowing of all ERC20 tokens that exist and would be created in future.

But we didn’t let our affinity to build and bring revolution stop here. The development cycle of V2 protocol commenced soon after the V1 launch, and we are now finally close to the launch

UniLend V2 will enable anyone to list a token on the protocol and straightaway access the DeFi services without any barriers. This inclusive approach will set us apart from other DeFi protocols where they act as gatekeepers. In addition, UniLend V2 will open up collateral for all assets using our unique approach of dual asset pools.

Version 2 is more than just an incremental update — it marks a significant evolutionary milestone for UniLend. With v2, an era of a new financial system will impact the lives of billions of people with inclusion into Decentralized Finance.

Our community has been waiting for “V2” and are eager to borrow on the UniLend protocol. However, we did not rush in delivering borrowing yet because our ideology is to deliver fundamentally strong and secure products to the community.

After a year of maturity of the ecosystem, the success of UniLend permissionless lending and development in AMMs, we believe the perfect timing to bring the borrowing to the community has arrived.

So here is a glimpse of what V2 will bring in DeFi ecosystem — and what we intend to launch over the coming weeks and months

UniLend V2: The Leap for DeFi

UniLend dapp will allow a pair of any two ERC20 assets pooled together in permissionless nature and start lending borrowing. By eliminating the standard approach taken by major DeFi protocols, we will be the first to support every ERC20 asset for lending/borrowing without affecting or risking pools.

Lending & Borrowing

Dual Asset Pool

Flexible Lending

Permissionless listing

Flash loans

Non Fungible Liquidity

Concentrated Liquidations

On-Chain Price Feed

Security

Seamless User Experience

What’s next?

With V2, we are also delivering a protocol upgrade with major performance improvements. Thanks to the feedback received and progress made over the past several months, UniLend engineers could implement, test, and release high-quality code.

Over the next few weeks, we will actively launch V2 events and programs to include the community.

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UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts. https://unilend.finance