UniLend Finance Joins Forces with OpenDeFi to Welcome Real-World Assets to DeFi, with Addressable Market Cap of $15 Trillion
TL;DR:
- We are expanding our horizon by welcoming real-world assets to DeFi (beginning with gold and silver) in collaboration with our ecosystem partner OpenDeFi.
- Our collaboration will allow UniLend to offer trading, lending and borrowing of synthetic real-world assets on our platform.
- The addressable market cap we are now targeting has increased by an additional $15 trillion.
- This is a huge step forward on our mission to become the industry’s most comprehensive DeFi platform.
UniLend proudly welcomes OpenDeFi as our partner to accelerate us on our mission to become the industry’s most comprehensive DeFi platform. We want UniLend to become a one-stop shop for all DeFi-related services, and to do that we are always expanding the set of services UniLend has to offer. By partnering with OpenDeFi protocol, we will be able to offer tokenized real-world assets on UniLend.
Unilend Finance is rapidly gaining momentum in the crypto world, and we are constantly creating valuable partnerships to ensure the momentum keeps growing! Strategic partnerships with infrastructure and product providers such as OpenDeFi Protocol are vital in expanding our functionality capabilities and to add greater value to our community.
What is OpenDeFi?
OpenDeFi is an ambitious project from the team behind OroPocket. The OpenDeFi protocol will facilitate bringing physical real-world assets (such as gold and silver) into the DeFi space, so that they can be integrated with DeFi protocols. The demand for blockchain integrated real-world assets has already begun to gain traction, and it is likely to be one of the major keys to unlocking the next wave of DeFi growth. After all, integrating real world assets onto the blockchain is a new concept, and is therefore likely to bring an entirely new spectrum of individuals into the DeFi space.
OpenDeFi will assimilate real world assets onto blockchain by utilizing synths, or synthetic assets, that can tokenize real world assets. On OpenDeFi, all of the tokenized versions of the real world assets will be backed 1:1 by the real-world assets themselves. These assets will be held by a custodian, and not the company, to ensure investments are secured.
Our Collaboration: Expanding the Horizons of DeFi
UniLend is a platform that aims to meet all current and future demands of the DeFi market.
UniLend will already offer comprehensive services for a vast range of digital assets. These services include trading, lending, borrowing, and liquidity provisioning of any Ethereum-based asset (we are also exploring cross-chain integration). This seamless integration of vital services for any cryptocurrency asset is in very popular demand in the current DeFi space.
Recently, we have noticed a growing demand for real-world assets to be integrated into DeFi markets. UniLend aims to stay ahead of the curve, therefore by collaborating with OpenDeFi and leveraging their protocol we are making it possible for tokenized real world assets to be available on the UniLend platform. This means that users will be able to trade, lend and borrow tokenized real-world assets on UniLend!
Through this integration, the addressable market cap we are targeting has now increased by an additional $15 trillion (the market cap of precious metals & all assets Open DeFi plans to add).
We at UniLend are constantly scouring the DeFi market for popular upcoming trends and valuable partnerships. We aim to collaborate with ground-breaking platforms such as OpenDeFi protocol to help us create a bigger and better decentralized marketplace for everyone. The OpenDeFi team has achieved much in the DeFi space and works with integrity. OpenDeFi fits in very well with what UniLend aims to achieve, which is why this partnership will add immense value to both our communities.
Say hello to real-world assets on UniLend 😎
The UniLend team would like to thank our community for your incredible support. We remain available to you should you have any questions. Don’t hesitate to reach out!
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