May 28, 2021
UniLend & Red Kite Team Up to Offer Multi-Chain Flexible DeFi Opportunities for upcoming IDO Projects
TL;DR:
- Red Kite is a multichain IDO platform that operates on both Ethereum & BSC, and is currently testing on Polkadot
- Red Kite is joining the UniLend ecosystem and pooling resources with us to expand our Flash Loan functionality
- All Red Kite IDO projects will get access to our Flash Loans & Lending features, thus rapidly expanding liquidity on UniLend for even more tokens
- Further collaboration between UniLend and Red Kite are also in the works
Red Kite is a standout DeFi platform that allows people to gain access to IDO tokens on multiple chains. Red Kite currently supports projects on both Ethereum and BSC chains while exploring the possibility of expansion to also include Polkadot. Through the use of extensive and proprietary AI that scrutinizes the project team’s origin, innovation of idea, and their capacity to execute on that vision, the Red Kite cautiously picks projects with maximum potential and minimum risk.
Red Kite is now joining the UniLend ecosystem and collaborating with us to access our Flash Loans and lending/borrowing features to enhance their own ecosystem. This collaboration will open up new and flexible multi-chain options for our flash loans and for access to IDOs. As a result of this collaboration, UniLend’s lending pools will receive a diverse array of tokens and additional liquidity.
Expanding the UniLend Flash Loans Ecosystem
IDOs that launch on any of Red Kites platforms will gain access to UniLend’s lending and Flash Loans features. Users who lend their tokens from these projects on UniLend’s platform will have their lending rewards amplified due to UniLend’s unique Flash Loans protocol, being that lenders receive a portion of the flash loan fees.
UniLend’s Flash Loan function acquires liquidity from liquidity pools that are connected to the lending protocol. This means that anyone who lends their tokens on UniLend will be adding liquidity to the Flash Loans liquidity pools. This all can be completed in a couple clicks while using our intuitive user interface.
By collaborating with IDO and pre-IDO platforms, UniLend will connect with a vast array of promising up-and coming projects, introducing them to the power of our Flash Loans and lending and providing benefits for their flourishing communities at an early stage of their lifecycle. As new projects bring liquidity over to UniLend’s lending protocol, UniLend’s ecosystem will also expand rapidly. It’s a win-win!
New projects lending on UniLend will be required to bring additional liquidity, giving UniLend’s ecosystem a multifaceted assortment of tokens available for people to borrow from.
Strength in Numbers
UniLend is committed to building long-term collaborations with all the projects we work with. As always, we hope our alliance with Red Kite will continue to develop in the future, due to the valuable mutual benefits our projects can provide for one another.
The projects we choose to work with are always strategically selected for the long-term success of UniLend and the broader DeFi space; our mutually beneficial collaborations add value to our ecosystem as well as to those that we collaborate with.
Don’t sleep on the opportunity of a lifetime that is the flourishing DeFi ecosystem. This is the time to start learning about the future of decentralized finance, and joining any of our social platforms to connect with our global community is a great way to start.
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