- UniLend is partnering with EPNS to unlock the true potential of decentralized finance
- UniLend will equip EPNS’s token $PUSH with staking and flash loans functionality
- In turn, EPNS will provide UniLend’s users with push notifications to resolve DeFi’s communication barrier and make our platform more accessible for average users
From its inception, UniLend’s primary goal has been to eliminate the issue of gatekeeping in “decentralized” finance. Many existing DeFi protocols tout the merits of decentralization, all the while, they control which projects are allowed to be traded, lent, and borrowed, thereby excluding a vast majority of DeFi projects from what is supposed to be a decentralized ecosystem.
Even with UniLend’s noble goal to right this wrong and our permission-less features, we continue to face a major hurdle: There is a sizable communication gap in DeFi. To help overcome this barrier and to truly unlock the potential of digital assets for our users, UniLend is proud to announce that we’re partnering with Ethereum Push Notification Service (EPNS) in a pilot program in which they will provide decentralized push notifications for our users, and we will equip their PUSH token with staking and flash loans functionality.
UniLend Will Equip PUSH with Staking & Flash Loans
For our part in this strategic collaboration, UniLend will equip EPNS’s $PUSH token with staking and our gas-efficient flash loan functionality. This will create a new use case for the PUSH token. In addition, it will enable PUSH holders to earn passive income from staking and airdrops. PUSH stakers on UniLend will also share in the fees collected from flash loans with 70% of the Flash Loans Fee going to the Staking Pool.
Resolving the Communication Gap with EPNS
Identifying the Issue
By leveraging UniLend’s unique features of permission-less listing, trading, lending, borrowing, and flash loans, UniLend’s users escape DeFi’s limited functionality; however, without customized, reliable, and instant notifications, our users could miss out on important information about their loans, trades, and positions on our platform. For the hypervigilant — those users who continuously log back into the dApp and monitor our social platforms to check for updates — this might not be a problem, but for average users, it is.
EPNS is a decentralized notification protocol that enables smart contracts, dApps, and even traditional services to send notifications directly to wallet addresses.
“UniLend is excited to integrate EPNS’s decentralized push notification service into our tech stack. This will create a more transparent overall user experience and give users engaging with our platform a more user-focused feel.”
~ Chandresh Aharwar, UniLend Co-founder & CEO
By collaborating with EPNS, we overcome the communication hurdle placed by Web2’s infrastructure (Twitter, Telegram, Medium, etc). With EPNS, users will receive notifications and alerts about their trade and loan positions and other major updates that directly concern them. This will eliminate the need to constantly monitor their accounts and our social media.
“This partnership allows us at EPNS to not only support Unilend’s journey to true decentralization, but also provide them with a decentralized communication infrastructure to further their decentralization agenda”
~ Harsh Rajat, founder EPNS.
Working Together to Fortify DeFi
UniLend is working with many outstanding projects to create mutually beneficial relationships that will also benefit the DeFi ecosystem as a whole. Our collaboration with EPNS is particularly important because communication is the key to working together.
Much like UniLend, EPNS strives to achieve the ideal of Web3: true decentralization. With their tools that enable effective communication, EPNS contributes to the growth that will ultimately enable the unlocking of DeFi’s true potential. We hope our community will join us in welcoming EPNS to the UniLend family.
Now is the time to join our auspicious and exuberant community. If you’re ready to join a movement then you’ve come to the right place. This is the beginning of a historic technological shift. If you’re looking for a community to share your enthusiasm about decentralized finance with, come join any of our social platforms.