UniLend Finance | November 2022 | Project Updates #26

UniLend Finance
6 min readDec 6, 2022

November month has been quite a rollercoaster ride for the whole crypto industry. So HODL on tight & catch a quick recap on everything going on!

On popular demand, we launched 2 new pools: MATIC/DAI & WBNB/BUSD for the community users to test out UniLend V2 on Sepolia Ethereum Network. Crossed more than 20,000 transactions with 3k unique users on UniLend V2 protocol. Watch our CEO & Co-Founder Chandresh's interview with Darryl Boo, participate in the $5000 V2 Testnet Campaign, meme contests much more.

Checkout Testnet: https://testnet.unilend.finance

The UniLend Team is grateful for those who have been with us through every exciting stage of this journey and welcomes those who have only recently joined us.

Follow our Newsletter so won’t you miss out on exciting updates: https://t.me/UniLendAnnouncement

Major Highlights

WBNB/BUSD pool is now live for Lending & Borrowing on UniLend V2!

November 17: Users can lend & borrow WBNB & BUSD test tokens to experience permissionless lending & borrowing on UniLend V2!

Try out Testnet
:https://testnet.unilend.finance/pool/0xB7D0A5D21DE1b1581799cE1EFD78C1D20F731512

Claim Test Tokens Here: https://chaindrop.org/?chainid=11155111&token=0x0bc8aee2dbecfb45e1559bd7f81905156cf64077

Read UniLend V2 User Guide: https://bit.ly/UniLendV2UserGuide

Soon more of your favorite tokens will be added to test UniLend V2. Stay Tuned: https://t.me/UniLendAnnouncement

MATIC/DAI pool is now live for Lending & Borrowing on UniLend V2!

November 28: Users can lend & borrow MATIC tokens to experience permissionless lending & borrowing on UniLend V2!

Checkout Testnet: https://testnet.unilend.finance/pool/0xE77b3Cc605e65E0AA2463EDAc3e87232dD20dFF6

Claim your test tokens: https://chaindrop.org/?chainid=11155111&token=0x5e0350d43423b8cd5304a237c723accd37a3acea

Read UniLend V2 User Guide: https://bit.ly/UniLendV2UserGuide

Milestone Achieved! Crossed 20,000 Transactions on UniLend V2 Testnet.

November 20: UniLend V2 is receiving huge traction from the DeFi community. Within a few weeks after the launch, we achieved more than 20,000 transactions on the UniLend V2 protocol.

Test UniLend V2 & Participate to win $5000 in UFT: https://gleam.io/ABpVU/unilend-v2-launch-5000-in-uft-rewards

Checkout Testnet: https://testnet.unilend.finance

Relaunched UniLend V2 Bug Bounty on ImmuneFi, Max Rewards Upto $25000

November 16: This is for all the Bug Bounty Hunters in the house.
After our successful bug bounty on ImmuneFi & many updates on UniLend V2, we’re relaunching the bug bounty to strengthen the security of our protocol.

Bug bounty hunters & Security experts will get incentivized for finding bugs on UniLend V2 Smart Contracts.

Check out more details on bounty: https://immunefi.com/bounty/unilend/

Community Initiatives & Updates

UniLend V2 Testnet Campaign Extended till 24th December

November 25: As we’re receiving huge traction on newly launched pools on V2. We’ve extended the campaign till 24th December 2022.

Participate in UniLend V2 Testnet Campaign Till 24th December & Win $5000 in UFT: https://gleam.io/ABpVU/unilend-v2-launch-5000-in-uft-rewards

50 winners will get a chance to win $100 in UFT each.

Checkout Testnet: https://testnet.unilend.finance

Read our Step by Step user guide to test out UniLend V2: https://medium.com/@unilend/unilend-v2-testnet-user-guide-542a6ee68d73

Campaign LIVE Till 24th December, 11:59 PM IST

In case you missed amazing updates like this. Follow us here: https://twitter.com/UniLend_Finance

Meme Contests

Participate in UniLend V2 x MATIC Meme Contest & Grab $50 in UFT

November 30: We celebrated the launch of the MATIC pool on UniLend V2, we organized a fun meme contest for the community members. Participants were asked to post memes based on MATIC/DAI pool. A total $50 in UFT will be distributed as a reward.

Checkout participant’s memes here: https://twitter.com/unilend_finance/status/1597664845452947456?s=46&t=ch2f3GRmHUUjq8R85zpoYA

Organized UniLend V2 x BNB meme contest!

November 18: Celebrated the launch of the BNB pool on UniLend V2, we organised a meme contest for the community members. Participants were asked to post memes based on WBNB/BUSD pool. A total $50 in UFT will be distributed as rewards.

Join our community to participate in amazing events like this: https://t.me/UniLendFinance

Bringing Back Pride of UniLend & Shield of Excellence!

November 18: Kickstarting our most Loved Community Initiative: POU & SOE. With our community growing & new members joining to actively support our DeFi revolution.

Exclusive NFTs will be distributed to POU & SOE for these efforts. Seize this opportunity & show us your talent and active support for UniLend Finance. We’re always on the lookout for our superstar community members.

Join our community here & help us to spread the good word about UniLend: https://linktr.ee/unilend

Community Outreach & Education

UniLend Team Attended FILBangalore event

November 29: On 29th November, UniLend Team attended FILBangalore event organized by Filecoin and Huddlecom. Our Marketing and Operations, Ayush Garg, and Business Developer, Anmol Gaur had a blast connecting with BUIDLers, projects, and awesome community members to discuss the future of DeFi.

Interview

Our CEO & Co-Founder, Chandresh Aharwar joined YT Influencer Darryl Boo for a candid interview!

November 26: Our CEO & Co-Founder, Chandresh Aharwar joined Youtube Influencer Darryl Boo for an exciting interview.

Chandresh shared his journey in Web3, detailed insights about UniLend V2 & DeFi mass adoption, the recent FTX crash, and more much.

How UniLend V2 design can prevent bad debts?

November 24: A Design Loophole left Aave with $1.7 Million in Bad Debt. Aave addressed that there wasn’t enough liquidity to clear CRV's debt position. Being the frontrunners in Web3 space, we constantly keep analyzing such DeFi incidents to improve our protocol’s security and keep our user's funds safe. We wanted to showcase two innovations that BUIDL on UniLend V2 to prevent such bad debt incidents.

Giveaways

Collaborated with TaskOn for 100 Exclusive NFTs & $100 in UFT Giveaway!

November 24: We collaborated with TaskOn to organize the UniLend V2 campaign. TaskOn is a platform that boosts the completion for various Web3 tasks in a decentralized way.

Participants were given tasks to complete to win a chance to claim the rewards. A total 100 Exclusive NFTs & 100 in UFT will be distributed as rewards.

Collaborations & Integrations

Welcomed HYVE into the UniLend Ecosystem

November 12: We’re delighted to announce our partnership with HYVE.

HYVE is the largest web3 freelancing marketplace available on Ethereum, Binance Smart Chain, Polygon, and Fantom. In this collaboration, UniLend’s UFT token is integrated on the HYVE platform.

Exchange & Aggregator Listings

Over 2 Million+ Changelly users have access to UniLend’s UFT

November 21: Changelly is a non-custodial instant cryptocurrency exchange with 400+ digital assets available and 100+ chains supported.

Users can easily get UFT by swapping assets like BTC, ETH, MATIC, BNB & stablecoins USDT, USDC, and DAI in a fast, simple and secure way.

Checkout Newly listed UFT: https://changelly.com/

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UniLend Finance

UniLend is a Multichain protocol for Lending & Borrowing all ERC20 tokens permissionlessly. Website: https://unilend.finance