UniLend Finance will be launching Lending & Borrowing Protocol on Moonriver

UniLend will be launching on Moonriver as the First Protocol to provide FLash Loans on Kusama Ecosystem

As a part of UniLend’s multichain DeFi agenda, we announced our entry into the Polkadot ecosystem. We have successfully launched our UniLend V1 on the 3 most adopted Blockchains, Ethereum, Binance Smart Chain and Polygon.

We have always had Polkadot in our focus because of their tremendous hard work in making the next generation of interoperable blockchain networks.

Keeping this in mind, UniLend Finance is happy to announce its integration on Moonriver.

User Growth

Furthermore, using Moonriver’s technology, developers can deploy existing Solidity smart contracts on Kusama. Recently, the daily transactions on the Moonriver network crossed the 400k+ mark as per Movr News

UniLend Finance has already achieved $30 million Flash Loans volume in a short time from 25+ tokens lent on our Platform. Users can utilize Flash Loans by interacting with our Smart Contract. Blockchain Projects are utilising this service with uBoost dapp, which is a UniLend grants project, for the market making of their token on DEXs at a very low cost.

Launch on Moonriver

“It gives me immense pleasure to expand UniLend’s Permissionless DeFi growth to the most widely Adopted parachain of Kusama Network. We will be deploying our UniLend v1, which is going to be the first Flash Loans provider on Kusama Network. This partnership also masks the entry of UniLend to the most anticipated Blockchain network, PolkaDot”

-Chandresh Aharwar, Co-Founder and CEO of UniLend Finance

“Lending and borrowing use cases are the backbone of developing a DeFi ecosystem, but until recently the lack of necessary infrastructure has prevented these use cases from deploying to Moonriver,” said Derek Yoo, Founder of Moonbeam. “UniLend helps fill this recently-opened space with its unique approach and cost-effective operations. We are pleased to welcome UniLend to the Moonriver ecosystem.”

-Derek Yoo, Founder and CEO of Moonbeam

About the Moonbeam Network

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UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts. https://unilend.finance