UniLend Finance | Project Updates #25 | October 2022

7 min readNov 4, 2022

October month has been incredible for us!

From the successful launch of the world’s first permissionless lending and borrowing protocol, UniLend V2 to Partnering with the Binance Oracles Team & much more!

Hitting a major milestone by launching the much-awaited UniLend V2 on Sepolia Testnet. UniLend V2 brings new innovations, a higher level of security, greater capital efficiency, and flexible lending options for risk mitigation. Users can now experience the lending & borrowing protocol of any token.

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

We also partnered with Binance Oracles Team and become among the early bird project on Binance Oracles. This is a major milestone towards our vision of making every digital asset productive.

As part of our community initiatives, we also invited everyone to test UniLend V2 and win $5000 in UFT reward. We also teamed up with Huobi Global to organise rewarding events such as AMA, Twitter Spaces, and Quiz for our community members.

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

Dive into everything that went down at UniLend over the past month!

💫 Major Highlights

UniLend V2 is now LIVE on Sepolia Testnet🥂

October 27: World’s First Permissionless Lending & Borrowing Protocol, UniLend v2 is now LIVE on Sepolia Testnet.

✅ Permissionless Lending & Borrowing
✅ Isolated Dual Asset Pool
✅ Non-Fungible Tokenisation
✅ Concentrated Liquidation

After UniLend v1 being live for more than 1 year, UniLend v2 brings new innovation with a higher level of security, greater capital efficiency, and flexible lending options for risk mitigation.

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

Step by Step user guide to test out UniLend V2

Read the Blog for more details: https://medium.com/@unilend/unilend-v2-is-now-live-5b3d76831bf6

This is just the beginning of a new chapter and a momentous milestone for UniLend Protocol. We’re grateful to our community for their constant support on this journey.

Partnership with Binance Oracles Team

October 29: UniLend is partnering with Binance Oracle Team.

Our teams will work closely to integrate assets with lending and borrowing functionality on the Binance Smart Chain. UniLend is among the top 10 early-bird projects on Binance Oracle. This is a major step forward in cementing UniLend’s place in the BSC ecosystem.

Binance Oracle is a data service offered by Binance that strives to provide reliable and secure on-chain data to the blockchain. It is currently built for the BNB Chain.

Test UniLend v2 on Sepolia testnet & win $5000 in UFT Reward📲

October 28: To celebrate the UniLend V2 launch, we invited everyone in the community to test UniLend V2 on Sepolia Testnet & get a chance to win $5000 in UFT rewards. In this campaign, users test v2 and follow certain steps to get a chance to grab a reward. The campaign is live till 10th November.

Participate Here Now:

In case you missed it, just stay tuned for exciting events like this on our socials: https://t.me/UniLendAnnouncement

🤝 Collaborations & Integrations

Welcomed SupraOracles in our ecosystem⚡️

October 11: SupraOracles enables interoperability smart contracts to guarantee the future of financial markets by integrating real-world data into public and private chains.

UniLend will work with SupraOracles for Lending and Borrowing Oracle support. UniLend v2 protocol will utilise SuperOracles in addition to Chainlink, Redstone, Uniswap and Band Protocol.

📣 Community Outreach & Education

Want to Test UniLend v2 but don’t know how? Watch Our Video Guide 🎥

October 31: To better grasp permissionless lending and borrowing of any token, users have more options to either read a written guide or watch 5 mins released video guide.

In this guide, we’re going to demonstrate through an example the steps to be performed by testers in order to successfully test the Lending & Borrowing portal.

Prefer to follow a written guide? Read here: https://unilend.medium.com/unilend-v2-testnet-user-guide-542a6ee68d73

UniLend V2 Innovative Features🛠

October 27: The release of UniLend V2 with some innovative features provides a more progressive, secure, and capital-efficient DeFi protocol in the Web3 ecosystem.

V2 Innovative Features: Isolated Dual Pool, Concentrated Liquidations and Non-Fungible Tokenisation.

Opening DeFi doors for Everyone! How UniLend v2 Will Be The Next Catalyst Of DeFi Mass Adoption🌎

October 15: UniLend V2 is all set to accelerate the mass adoption of the DeFi space. UniLend V2 is catering to the needs of different types of users and empowering everyone from retail users to institutions alike. UniLend V2 is the first of its kind permissionless lending platform with the aim to bring a revolution to the DeFi industry.

Read more on how UniLend v2 Will Be The Next Catalyst Of DeFi Mass Adoption: https://bit.ly/3ThLzGQ

We aim to change the landscape of the decentralized money market with v2 new innovations.

Our CEO & Co-Founder, Chandresh Aharwar joined YT Influencer Promit for an Interview ▶️

October 19: Our CEO & Co-Founder, Chandresh Aharwar joined Youtube Influencer Promit for an exciting interview.

Chandresh shared about his journey in DeFi, UniLend V2 launch, its features, $1 Million grants and shared insights about the future of Web3 adoption.

Find out how UniLend V2 can potentially avoid oracle manipulation-based exploits.

October 13: A Solana-based Money market protocol, Mango was exploited for $100M+ due to market manipulation of a low liquidity token MNGO. Hacker was able to drain funds from Mango via an oracle price manipulation.

At UniLend we constantly analyse such incidents and improve the platform’s security. In light of such events, we wanted to highlight how such hacks can be prevented through Isolated Liquidity Pools.

Our CEO & Co-Founder Chandresh Aharwar joined Huobi Global for Twitter Spaces & Quiz | 8547 UFT was up for grabs🎙

October 13: Our CEO & Co-Founder joined Huobi Global for an exciting Twitter Spaces AMA & Quiz session. During the live session, Chandresh discuss UniLend V2 launch, its features and much more followed by an exciting quiz. The community’s questions and queries were also answered.

A total 8547 UFT were distributed among participants.

In case you miss it, listen to the recap here: https://twitter.com/i/spaces/1ZkKzXBWborJv

Joined Huobi Global for TG AMA & Quiz | Distributed $2000 in UFT🗣

October 6: On 6th October, our CEO & co-founder Chandresh Aharwar and Marketing & Operations Lead, Ayush Garg joined the Huobi Global TG community for an exciting AMA & Quiz session.

During the live session, Chandresh discuss UniLend V2 launch, its features and much more followed by an exciting quiz.

A total $2000 in UFT was distributed among winners.

In case you missed it, just stay tuned for exciting events like this on our socials: https://t.me/UniLendAnnouncement

Held $5000 in UFT Quiz in Huobi Global Community❓

October 3rd: To celebrate UFT listing, we teamed up with Huobi Global to organise exciting quiz on Twitter for our community members.

Participants showcased their UniLend knowledge. Total $5000 in UFT were distributed among the quiz winners.

📊 Exchange & Aggregator Listings

Multichain Options for UFT Withdrawal & Deposits on Huobi Global including Polygon and BSC chains!

October 10th: UniLend’s UFT Deposits and Withdrawals are now open on Huobi Global supporting Binance Smart Chain and Polygon chains. Users have more options for multichain deposits and withdrawals on Huobi Global Exchange.

Trade UFT/USDT: https://www.huobi.com/en-us/exchange/uft_usdt

Currently, UFT Deposits and Withdrawals (ERC20 and BEP20) are also supported on Binance.

💪Community Initiatives & Updates

Expanding UniLend Legion Ambassador Program! Onboarding new Legions👥

October 23: UniLend is always looking for people from all over the globe with various skill sets. So, we opened our Legion Ambassador Program for onboarding new legions and received more than 200 applications for the UniLend Legion Ambassador program.

Read UniLend Legion Benefits & Responsibilities: https://buff.ly/3jBt7rc

In case you missed out, Stay tuned on our socials: https://t.me/UniLendAnnouncement

UniLend Wished Everyone Happy Dussehra💥

October 5th: On this auspicious day, wishing you and your family good health, wealth, success and prosperity. May you all be surrounded by goodness.

UniLend Wished Everyone Happy Diwali🪔

October 24th: May the mirth and merriment of the magical festival of lights brings you endless moments of joy, happiness, prosperity and love.