The UniLend Ecosystem Strengthens: CyberFi Becomes the Next Project Empowered With UniLend’s Flash Loans and Staking!

TL;DR

  • CyberFi offers automated trading services and a crypto launchpad platform
  • UniLend is equipping CyberFi’s token with flash loan & staking functionality
  • Our staking interface is very simple to use and can be done in a few short steps
  • We will celebrate our collaboration with various rewarding community events

CyberFi’s decentralized project offers two distinct services:

  1. automation tools for DApps operating in decentralized finance (DeFi);
  2. and a crypto IDO launchpad.

CyberFi’s automation tools are very useful because they give users access to many tools that they are accustomed to using on CEXes but are not available on most DEXes. CyberFi’s launchpad service is called Samurai, and it helps launch IDOs.

After entering our ecosystem months ago, CyberFi is broadening their collaboration with UniLend by bringing their staking program onto our platform. As an added bonus, projects that IDO on CyberFi now have the ability to gain access to flash loans and staking functionality on our platform. Working with CyberFi could bring an immense amount of liquidity and utility to UniLend’s Flash Loans protocol & lending market.

Continuing Collaboration

UniLend started collaborating with CyberFi months ago, and over time, our relationship has deepened and become more strategic. Our aim is to further integrate our protocols going forward.

Soon, UniLend will launch flash loans and staking functionality for CyberFi’s token. This integration will give CyberFi’s CFi stakers the chance to stake their tokens on UniLend’s staking protocol and earn CFi tokens. To make matters even greater, UniLend’s code recently passed a rigorous Certik audit, giving everyone an added layer of security.

All CFi tokens that holders stake on UniLend will go straight into UniLend’s liquidity pools, which are connected to our Flash Loans protocol and act as a source of liquidity for anyone who uses them. Thus, by providing the CFi community with the opportunity to stake on UniLend, we also provide our Flash Loans protocol with a lot more liquidity. In addition, CFi stakers will earn rewards from our staking rewards pool, alongside the fees generated by the use of Flash Loans!

To sweeten the pot, we will a slew of various events centred around our collaboration with CyberFi (timeline below). If you’ve paid attention recently then you may have noticed that we already participated in a very successful airdrop for another project that just launched on our platform.

Staking on UniLend

Staking on UniLend is fairly straightforward, but users should do some research before jumping in. As always, we encourage anyone who is considering making financial choices to do their own research. For those who would like to know more about how staking works and how to do it on UniLend, please check out our comprehensive written or video guide.

Briefly, the main steps for anyone looking to stake on UniLend include:

  • Visiting UniLend’s official staking interface
  • From the four buttons on the top (Lend, Redeem, Reward and Airdrop), simply use the Lend button to stake your tokens and the redeem button to remove them from the staking pool.

Make sure to never accidentally use the Reward & Airdrop buttons as they will take all your tokens and distribute them to the community.

CyberFi Flash Loans Event Timeline

To celebrate the launch of CyberFi’s CFi token flash loans and staking, we’re preparing a slew of exciting activities in our global community groups, jam-packed with rewards!

  • 27th April: CFi Flash Loans and Staking to go live
  • 29th April: AMA in the UniLend global Telegram group
  • 29th April: 1000 retweet airdrop campaign
  • 1st May: Trivia contest
  • 2nd May: Instagram quiz

Rewards details will be shared soon! Stay tuned to our Twitter and Telegram announcements channel to be sure not to miss an update. It pays to stay up-to-date with UniLend’s latest developments!

Strategically Empowering Ecosystems

UniLend is working with many great projects to create mutually beneficial relationships. Our collaboration with CyberFi in particular is a testimony to how valuable strategic alliances are in this space. We’ve been working with the CyberFi team for some time now, and we are constantly expanding our affiliation.

Similar to CyberFi, UniLend maintains excellent rapport with all the other projects in our ecosystem. We hope our communities see that we’re working hard to create an environment where amazing opportunities flourish.

Please remember to visit our social platforms and let us know what you think. We would be happy to hear from everyone. Joining our community is as easy as clicking the links below and saying hello.

Website | Telegram Community | Announcements Channel | Twitter | Blog | Github | Reddit | Instagram

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