UniLend Finance 2021 Rewind
2021 has been an incredible year for UniLend Finance. UniLend has led the revolution in the DeFi world by being the first-ever permissionless protocol for lending & flash loans, introducing UniLend Omnis, laying the foundation of strong DeFi protocol, and forging meaningful partnerships, and supporting developers through various initiatives.
We are thrilled and proud of how far this protocol has developed. We would like to present a summary of this year’s accomplishments and milestones, which would not have been possible without the help of our amazing and enthusiastic community!
As the year began UniLend revolutionized the whole crypto world when we announced the launch of our permissionless flash loans (which now have a total volume of more than $40 Million) on mainnet in March 2021 with a successful audit from Certik. Soon after that, our lending and flash loans were live on both Ethereum as well as Polygon.
At an all-time high, more than $1.8 Million worth of $UFT tokens and $460k+ worth of $WMATIC tokens are locked on our permissionless protocol since their listing.
Not long after that UniLend protocol went full permissionless allowing any user to start a liquidity pool without the involvement of the UniLend team.
This truly was an exciting time for the team & community as it marked the beginning of UniLend being the 1st ever permissionless protocol for lending & flash loans.
After developing one of the most widely used protocols in lending & flash loans. UniLend team delivered cutting-edge DeFi services to the community: UniLend became a permissionless protocol and integrated the top three utilized chains Ethereum, Polygon & Binance Smart Chain.
But we did not let our desire to build and bring revolution stop here. We then introduced our community to the UniLend Omnis. The development cycle of the Omnis protocol started soon after the V1 launch.
UniLend Omnis is a giant leap in protocol architecture and user experience. UniLend Omnis will be the 1st protocol ever to introduce Permissionless Lending & Borrowing for ALL ERC20 tokens targeting the untapped $500 Billions+ market. This will turn our vision of making every asset productive into reality.
With UniLend Omnis just around the corner, we launched UFT Price Feeds by Chainlink. Chainlink added UFT-USD price feeds on Ethereum, increasing UFT DeFi utilitIes allowing many other applications to integrate $UFT into their ecosystem. Chainlink oracles are one of the most important elements in UniLend Omnis’ development.
This will allow Omnis to collaborate with multiple protocols and provide the best experience to its users.
This event marked as one step closer to the launch of UniLend Omnis which will provide secure and reliable lending & borrowing of UFT token pairs backed by Chainlink price oracles.
The key to true decentralization is interoperability, and UniLend Finance has always supported this narrative. We successfully launched our UniLend V1 on the 3 most adopted blockchains: Ethereum, Binance Smart Chain, and Polygon.
As part of our multi-chain DeFi agenda, we announced our entry into the Polkadot ecosystem with our integration on Moonriver.
UniLend aims to be the Base Layer for DeFi space on which dApps can be built.
We began our journey on a mission to allow permissionless lending & borrowing for any asset in DeFi similar to what Uniswap did for trading.
But over the past year, we realized that our protocol can play a major role, and with Omnis launch, we can revolutionize DeFi.
Our vision expanded rapidly where UniLend will not just be a dApp but aims to be the base layer on which many different apps and projects can be built on top of it.
Since Omnis is permissionless, open-source, and integrable, other projects can integrate with our protocol and utilize our lending and borrowing utility.
With a new and grander vision, UniLend Omnis will exponentially expand our potential user base to the entire crypto sector.
More than $40 Million+ Worth of Flash Loans are now Executed with transactions increased by 6456.19%
In just 9 months since the V1 launch, more than $40 Million worth of Flash Loans were executed with more than 40 Tokens listed on our permissionless protocol. Our flash loan volume increased by 2202.74%.
With the increase in adoption of our permissionless protocol, more than $21.9 Million on Polygon Chain, more than $18.3 Million on Binance Smart Chain, and more than $547k on Ethereum Chain.
We continuously grew at a rapid pace which resulted in the exponential growth of flash loan transactions by 6456.19%.
Released our Dedicated UniLend Omnis Website
To capture all the Buzz around the upcoming UniLend Omnis, we released our dedicated Omnis website.
We shared all the major community events, AMAs, Bug Bounty Details, and product updates on this single platform.
Signup here for the upcoming UniLend Omnis for further updates!
Ease of Trading for Investors
It’s no surprise that UniLend’s native token $UFT is easily available for spot, margin, and futures trading on various prominent CEXs and DEXs exchanges.
It was a proud moment for the team and the community when $UFT got listed on the world’s largest cryptocurrency exchange, Binance. Our Binance listing significantly increased the awareness around UniLend.
UniLend’s $UFT got listed in the Binance Innovation Zone. This listing was a major accomplishment towards our mission of unlocking the true potential of DeFi and our ability to revolutionize the DeFi world.
Over the past year, UFT got listed on more than 13 major centralized and decentralized exchanges worldwide including AscendEX, MEXC, Gate.io, Matcha, QuickSwap, ParaSwap, StealthEX, SimpleSwap, Zerion, LATOKEN, and many more.
UFT is also listed on top regional exchanges such as Probit in Korea. It is also listed on two major crypto exchanges in India: WazirX and CoinDCX.
Users can also track UniLend’s TVL on 3 major blockchains: Ethereum, Polygon, and BSC & gain insights on our permissionless protocol on DeFiLlama.
After we entered the Polkadot ecosystem, UniLend Finance got listed on DotMarketCap where users can track UFT pricing and get the latest updates of UniLend in the Polkadot ecosystem.
UniLend Finance has always been dedicated to forging partnerships with the best players in the industry to stay ahead of the curve by providing users with cutting-edge DeFi services and a seamless experience.
Therefore, in this past year, we have forged 50+ strategic partnerships with valuable industry players which in turn will be the first assets to land on our flagship lending and borrowing product.
Coin98 offers a streamlined non-custodial, multi-chain crypto wallet that acts as a gateway into decentralized finance. Coin98 wallet is integrated on our permissionless Dapp. More than 284,000 Coin98 Wallet users can utilize UniLend’s cutting-edge DeFi services effortlessly via their smartphones and browser which supports a total of 22 different chains.
UniLend Permissionless Dapp is also listed on Coin98 Dapp Browser giving users direct access to the suite of our DeFi services through Coin98 Mobile App or even via Coin98 Extension Wallet.
MathWallet is a multi-platform universal crypto wallet that enables token storage of 60+ chains. Our Permissionless Dapp is integrated on MathWallet. More than 2 Million users can access the suite of our DeFi services directly from the Math wallet app.
Developer Support Programs
UniLend is always looking to empower & support entrepreneurs, developers, and enthusiasts throughout the industry. UniLend is at the forefront to accelerate the growth of the developer community.
UniLend Finance is a strong proponent of the Ethereum ecosystem and the DeFi revolution. We supported innovation on Ethereum by sponsoring hackathons on ETHIndia Online: EtherPunk2021 Asia’s biggest Ethereum hackathon.
We also launched our $1M Developer’s Grant Program in May 2021 and have received astounding responses from BUIDLers across the globe.
We announced our first grant project, uBoost in July 2021. uBoost is an Interface where crypto users can borrow any amount of tokens using Flash Loans.
As the UniLend protocol progressed further, our community grew and flourished. We never missed an opportunity to connect with a broader audience to increase awareness about our mission to revolutionize the DeFi.
UniLend has grown to an outreach of 127k+ across more than 10 content distribution channels. UniLend has regional communities in 7 geographic locations and a huge global audience.
Conferences, Talks, AMAs & Events
2021 had no shortage of events within the crypto and DeFi.
UniLend partnered with Binance Smart Chain to Celebrate 1 year of BSC, we also sponsored one of Asia’s largest Tech Conference, the Asia Innovation Summit, and became the Official Lending Partner of PolyCon 2021.
We were glad to be a part of some of the most prestigious summits and conferences this year. Hold on, this one’s going to a long list.
- Binance Community
- Polygon Community AMA
- Gains Associates
- Live AMA with Lunar Crush and many more!
Conferences, Summits, and Talks
- DeFi and Lending: UniLend and Injective Protocol
- UniLend’s CEO & Co-Founder, Chandresh Aharwar Interview on Asia’s Largest Tech Conference: Asia Innovation Summit
- Catch our Co-Founder & CPO Tarun Malik Exciting DeFi Panel Discussion on Crypto Fest 2021 organized by Bitcoin Events!
- Our CEO & Co-Founder joined other Major Projects for DeFi Security Panel Discussion at Asia Innovation Summit
- Our CEO & Co-Founder Chandresh Aharwar Interview & AMA at ETHIndia Hackathon
- DeFi & Crypto: Redefining Financial Freedom at Business Insider
- Our CEO & Co-Founder, Chandresh Aharwar sat down with GAINS Associates for an Interview
- Watch our Product Lead, Saksham Jain shares UniLend Finance’s Journey at IIITH’s Industry Interaction Seminar organized by TalentSprint
- Tune In to the latest Crypto Unplugged Special Podcast episode with our Marketing & Operations Lead, Ayush Garg
- Our CEO & Co-Founder joined other Major Projects for DeFi Panel Discussion at EtherPunk by ETHIndia
- Chandresh joined BUIDLing Crypto in India: Roundtable at WazirX
- How Decentralised finance transforming lending & borrowing: DeFi Live 2021
- Polygon, the Framework for Building Better World at PolyCon2021
We launched an Educational Series to help our community understand Omnis ingenious features. This initiative helped our community members to get a deeper understanding of what UniLend Omnis is and how it works. We are keen to spread the broader vision that UniLend has and how we are planning to make this a reality.
Deep Dive into Insider Series Blog Here:
- Introducing Isolated Dual Asset Lending Pools: https://rb.gy/3cwint
- How to Long or Short Any Asset Using UniLend Omnis: https://rb.gy/qnxgx0
- NFTfying The Decentralised Finance: https://bit.ly/3pYj57L
Binance Savings Program
UniLend team has always incentivized our deep-rooted supporters. On many occasions, we have hosted rewarding community activities for our believers. UFT tokens can be lent, and users can earn rewards on them on our dApp.To appreciate our beloved community members, we also introduced Binance Savings. More than 300k UFT tokens were locked in Binance Savings, earning rewards.
The EdUniLend initiative was taken by UniLend Intern, a group of bright youngsters at UniLend who are passionate about educating the world about the crypto-sphere. EdUniLend became a one-stop guide for all DeFi related knowledge for beginners. With Ed UniLend, we aspired to be a trusted and intuitive source of education to make the present generation future-ready for the DeFi revolution.
Community Member of the Year 2021: Cameron
Cameron has been an ardent member of the UniLend community for over a year. He has supported UniLend in all ways possible be it promoting it pan social media platforms (via memes / GIFs) or clearing doubts and concerns of fellow community members. We thank him for his trust and consistent support towards UniLend. UniLend team is very proud of members like Cameron to be a part of the community.
Wrapping up 2021 & Saying Hello to 2022!
Bidding Farewell to 2021, we are now looking forward to new adventures and beginnings in 2022. 2021 was an incredible year for us with UniLend expanding and revolutionizing the DeFi world beyond imagination.
UniLend Team has been working hard to make our vision into reality by making every digital asset productive. We expanded our team and integrated our protocol with major blockchains and projects within our ecosystem, and continue having the constant support of an amazing community we have ever seen.
2022 marks the new beginning for UniLend Finance. It’s time for UniLend to take a big leap. We have big plans for the upcoming year — UniLend Omnis Launch, expanding to more blockchains & much more! Stay Tuned.
We have an ambitious year to look forward to. This is just the beginning, we still have a long way to go on our journey to revolutionize the whole decentralized finance ecosystem.