UniLend Project Updates #5 — February 2021

11 min readMar 5, 2021

Against all odds, the UniLend team has marched forward straight through February with huge success. While the market rose and fell like the tides of the sea, we kept our head down and made immense progress. To clarify, everything is indeed on track, in addition to a couple extra updates that we’re working on in stealth.

This month has truly been exciting and we hope you were here to witness everything. It’s not every day that crypto users get to experience events that have occured this month and those that we’ll announce next month. You are all very early and we’re happy you’re part of our journey.

We believe that the future is ripe for the picking. March is poised to take UniLend to the next level. Not only because mainnet is set to launch at the end of Q1 but also because there is so much more in store for the month ahead.

Major Updates

UFT is Listed on Binance, the World’s Biggest Exchange!

Feb 22: Pop the champagne! We were thrilled to recently announce that UFT has been listed on Binance, the world’s leading crypto exchange! 🍾

📈 Binance is the world’s biggest and most widely used cryptocurrency exchange. Our listing on Binance will increase awareness of UniLend and the UFT token significantly.

🚀UFT is listed in the Innovation Zone for new, innovative tokens.

✅ Deposits and trading for UFT are now open on Binance.

🔛 Trading pairs: UFT/ETH & UFT/BUSD

ℹ️ Listing announcement

🦾 This listing is a testament to the significance of our mission to unlock the true potential of DeFi and our ability to bring this new era of DeFi to fruition.

Cheers to a bright future for UniLend and DeFi! 🥂

UFT Ranks #1 on CoinGecko for Trending Social Media Presence

Feb 23: 🗞 $UFT ranked #1 on CoinGecko recently, proving that UFT is catching the attention of many on our social platforms.

🦎 Maybe because Binance recently listed us 🤷‍♂️

😎 Continue to follow our progress, we believe people will have a lot more to talk about in the near future.

UniLend to List 16 New Synthetic Assets with Fantom Finance

Feb 4: 📊 UniLend is pioneering a new era in decentralized lending and borrowing of derivatives. We look forward to the future when Fantom’s synthetic assets will be listed on our protocol.

💥 We want you to imagine bigger and bolder DeFi strategies! Some of the assets that may come to our platform by way of Fantom are: FTM, fUSD, fGBP, fCNY, fEUR, fKRW, fJPY, fCHF, fBTC, fETH, fLINK, fBAND, fBNB, fGold, fSilver and fWTI.

🦾 As our collaborations start to grow in strength, we hope you’re starting to see the outline of our goals take form. Fantom is yet another key in the puzzle to help us unlock the true potential of decentralized finance.

🌐 Read more: https://rb.gy/laibzr

Collaborations & Integrations

UniLend Joins Forces with Oracle Provider Umbrella Network to Tap Into a Broader Spectrum of Crypto Data

Feb 1: ☂️ 2021 is taking off at breakneck speed as we join forces with Umbrella Network for critical access to unbiased data feeds for a more comprehensive DeFi protocol. UniLend will now be able to securely, efficiently, and cost-effectively interact with a greater amount of data.

⚡️ Umbrella Network is a scalable, cost-efficient, and community-owned oracle. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points in a single on-chain transaction.

✊ We’re well on the way to ushering in the decentralized financial world everyone is looking for. Soon, no one will be able to censor your lending, borrowing and trading!

🌐 Read more: https://rb.gy/c0cvew

UniLend & Base Protocol to Empower DeFi with Institutional-like Products and Strategies

Feb 7: 🧮 Base Protocol’s BASE token is pegged to the total crypto market cap at a ratio of 1:1 trillion. BASE allows traders to speculate on the entire crypto industry with one token.

📊 Through our collaboration, BASE holders will be able to utilize lending and borrowing functionality on UniLend in an entirely decentralized fashion. This opens up new financial strategies for the community whilst offering a way to hedge against the volatility of crypto.

🚀 Together we’ll usher in a new age of user-friendly DeFi strategies that’ll bring new investors to the table, both retail and institutional, so we can continue the official kick-off of the financial revolution.

🌐 Read more about our partnership here.

UNION is Joining the UniLend Ecosystem to Bring Collateral Optimization to the Platform

Feb 8: 📊 Generally collateral in crypto lending platforms is left as an idol asset with little benefit to borrowers. UNION’s C-OP, aka Collateral Optimization, will allow borrowers on UniLend to use some of their collateral to protect a portion of their capital in case of liquidation.

💠 C-OP is an American-styled put option that protects against inefficient collateralization. Get ready for advanced DeFi strategies and structure!

🦾 UniLend will be among the first of the decentralized money markets to implement C-OP!

🚀 In addition, we’ll list UNION’s native UNN token for lending and borrowing. The UniLend team is excited to work with projects looking to push the technological momentum in the DeFi space.

🌐 Read the details here: https://rb.gy/yuy8el

UniLend to Unlock TosDis $DIS Token’s True Potential

Feb 18: 😁 We’re happy to announce that UniLend Finance has partnered with TosDis. TosDis builds on Ethereum’s core concepts of open-source and decentralization to offer interoperability across chains and remove barriers to mass adoption. Their protocol combines a flexible staking mechanism for any ERC-20 token as well as provides cross-chain token staking.

🔑 “Users will therefore not only be able to trade, lend and borrow $DIS in a completely decentralized manner, but they’ll also be able to provide liquidity in return for interest while receiving $UFT for utilizing the protocol — unlocking the full DeFi functionality of DIS for the first time.”

ℹ️ Read more: https://rb.gy/bzuwbj

Playcent Adds Another Layer of Utility to UFT by Making it an Official Platform Currency

Feb 15: 💸 Playcent is joining the UniLend ecosystem and making UFT tokens an official currency on their platform, to be used to interact with its various features like contests, games and quizzes.

🛒 UFT holders will gain access to exclusive contests on the Playcent platform which will offer prize pools. In addition, Playcent will offer premium content and merchandise, including NFTs, that can be purchased using UFT tokens.

🥳 We’re excited to hear your thoughts on our collaboration with Playcent, being that UniLend is a community first project. We hope to see many of our community members use the Playcent platform to interact with each other and enjoy new added utility for UFT!

ℹ️ Read more: https://rb.gy/sxaytb

Exchange Listings & Updates

Gate.io Lists UFT, Expanding Our Reach & Awareness

Feb 23: 📊 Gate.io is an established exchange that values integrity, transparency and fairness greatly. You can now deposit your UFT for trading today.

🚀 Take the bull by the horns by taking advantage of these two new trading pairs!

📈 https://www.gate.io/trade/UFT_ETH

📈 https://www.gate.io/trade/UFT_USDT

🌐 More details: https://www.gate.io/en/article/19509

CoinDCX, India’s Largest Exchange, Recently Launched a New UFT Trading Pair!

Feb 24: 📈 If you’re looking for a trusted and streamlined exchange then hop on over to CoinDCX! Our new trading pair will increase accessibility of UFT significantly for CoinDCX’s huge and rapidly growing user base.

We’re excited to see our partnership and collaborations continue to grow with CoinDCX. We will remember those that were with us since the beginning.

🌐 Check out the newly listed UFT/ETH trading pair here: https://coindcx.com/trade/UFTETH

MXC Creates a Buzz by Enabling Margin Trading for UFT

Feb 24: If you like trading with margin you’re in luck! 🤯

📈 MXC Exchange has initiated up to 5x for margin trading $UFT and a “PoS Saving with API Trading Promotion”💰

🌐 Read the details here: https://t.co/F0OxTnBcM4

💥 Check out MXC today, an exchange that strives to offer its users a one-stop service platform for their digital assets.

Hotbit Lists UFT Alongside Their UFT Investment Product

Feb 24: 🦾 Hotbit.io prides itself on being highly efficient, flexible, diverse, stable and secure.

⏰ Deposits for UFT have been enabled with trading now live via the trading pair UFT/USDT.

🚀 Hotbit also launched their UFT Investment Product offering an expected annual return of 10%. It pays to be a UFT holder!

🌐 More details: https://bit.ly/37FwDMW

Community Outreach, Initiatives & Education

UniLend Joins the EtherPunk DeFi Panel Discussion

Feb 5: 🔥 We joined a sizzling DeFi panel discussion at EtherPunk by ETHIndia, where our CEO Chandresh Aharwar joined major DeFi Projects!

👩‍🚀 It is was exciting to see our CEO & Cofounder, Chandresh Aharwar, attend this DeFi panel. He discussed the rapidly expanding DeFi universe and UniLend’s astronomical possibilities for the coming months.

Interview & AMA with Chandresh During at EthIndia

Feb 5: Hopefully you didn’t miss our CEO, Chandresh Aharwar’s Interview & AMA at ETHIndia Hackathon! 🎙

🎥 If you did, don’t fret, there’s a video of the interview above so you can watch it at your own pace. Catch one of the best interviews to date, by our CEO Chandresh, as he explains how UniLend Finance is taking the DeFi world by storm.

🚀 This interview dove into the past, present and future of Chandresh and our project’s success. This is the perfect opportunity to find out who we are and where we’re going!

🧑‍💻 Thanks to the developers that have made Ethereum the most actively used blockchain. We’re proud to be building on Ethereum and hope to make the community proud with our game-changing DeFi protocol.

UniLend Joined the Injective Protocol Team for an Epic Livestream

Feb 10: 💥 Injective Protocol graciously invited our CEO and Co-Founder, Chandresh Aharwar, for what turned out to be an epic livestream on the topic of DeFi and lending.

🧠 This was the perfect opportunity to learn more about the current state of DeFi and the future of the industry from those at the forefront of the revolution.

Fireside Chat with Blockchained India

Feb 11: 💥 Chandresh joined Blockchained India to discuss his journey through the crypto industry and UniLend’s early beginnings.

💎 Blockchained India is one of the most active and esteemed communities within the Indian crypto scene. It was a pleasure to share our insights!

Community Outreach

Nicolas Sismil — The Pride of UniLend (January)

Feb 2: It’s our pleasure and honor to award our January’s Pride of UniLend, Nicholas Sismil, with the title of POU!🥇

🦾 We see everything you do, your amazing knowledge base and the support you give the UniLend community. We appreciate your consistency, and would like to reward you with $50 in UFT as a token of our gratitude.

Shield of Excellence Award — Gavin McDonald

Feb 3: It’s our pleasure and honor to award our first superstar community member, Gavin McDonald (also known as GBhoy), with the title of Shield Of Excellence!🥇

🦾 Thank you for your amazing support on our social platforms. We appreciate your consistency and were happy to reward you with $100 in $UFT.

🤝The strong community behind UniLend has always been very active in spreading our message. We’ll continuously look for new ways to show our gratitude.

Announcing the Winners of Our Sticker Competition

Feb 9: 🦾Recently we launched our sticker competition to give our growing community an event to bond over. We were pleased with the overwhelming response and had many great sticker packs created during this event.

👏 It was not an easy task to find top 3 winners among all of the talented participants. 👏 It was not an easy task to find top 3 winners among all of the talented participants. But the winning stickers (seen in the graphic above) stood out among the rest for their creativity, humor and emotion.

🤟We recommend that everyone add these new sticker packs and use them in our community Telegram.

UniLend Team’s Chandresh Ayush and Vishal joined 4 AMAs

💬Communities that Hosted us — Nord Finance, Crypto Royals, Crypto Club, Crypto Tech

📖 With these AMAs, the team reached to over 50k community members of different communities, pitched UniLend’s vision and mission and help them garner updates about partnerships, product and exchange listings.

💰 UniLend Team Rewarded the communities for active participation a total of $1000 UFTs

UniLend Community Hosted Events with Major Partners

🤝Injective Protocol, Stafi, Fantom and Playcent’s top brass joined UniLend’s Telegram Community for AMA

🔼 UniLend community got more details about these forged partnerships and developments

💎 A total of $600 in rewards was given during these live events!

Major YouTubers Realize the Future Potential of UniLend!

Feb 6: 🙏 We’re grateful to our amazing community and supporters for believing in UniLend’s mission!

🦾 The UniLend team will never forget those that stand by us while we continue to push the boundaries of DeFi. It’s great to see some of the biggest minds in crypto, including Crypto Lark, EllioTrades, Hashoshi, and Macmac007, delving into our DeFi tech stack!

We want to encourage everyone to join us in leading the DeFi charge. This can easily be done by joining our social platforms and being an advocate for shaking up the DeFi scene by letting everyone know that UniLend is here to create a DeFi 2.0 solution.

Thank you to those that are already in our ranks and sitting on the edges of their seats, ready to experiment with our fast approaching beta and mainnet releases.