UniLend supports ETHernals— EthIndia with $2000 in Bounties

UniLend is Supporting ETHernals: ETHIndia Online Hackathon 2022 By Devfolio🛠

👨‍💻 ETHernal is bringing hackers from around the world to collaborate to BUIDL on Web3 using the Ethereum blockchain.

💪 Being the strong proponent of the Ethereum blockchain, UniLend is actively fostering the ecosystem for #BUIDLers. We will also engage in panel discussions with esteemed speakers, bug bounties & much more.

🚀 Get ready for an Unforgettable Digital Experience with ETHernals. We hope to see you there!

➡️ Are you a fellow BUIDLer? Learn more about ETHernals: https://ethernals.devfolio.co/

UniLend Sponsoring $2000 UFT in Bounty

The health of the UniLend OMNIS protocol is determined by the health of borrowing positions. To mitigate the risk of collateral drops and secure the system from undercollateralized loans, the system depends on liquidators.

Bounty Description:

Build a liquidation bot on top of OMNIS protocol that

  • Discover underwater accounts that can be liquidated and monitor the blockchain
  • Implements a smart contract that allows the liquidation and sale of the collateral to occur atomically in one transaction.
  • Use OMNIS Flashloans to cover liquidations.

Bounty Rewards:

  • $1000 UFT each as rewards to 2 winners

Bounty Judging Criteria:

Winners will be chosen based upon the discretion of the UniLend Team. Factors to shape decision: — Integration with UniLend protocol and documentation of the project submission.

Winners will be announced 1 week after the hackathon concludes.

About UniLend

UniLend is a comprehensive permissionless DeFi protocol. Whereas other DeFi protocols support only a limited number of assets, anyone can list any asset on UniLend’s supported blockchains (currently Ethereum, Polygon, BSC and Moonriver) to access comprehensive DeFi functionality for those assets. This includes decentralized lending/borrowing, and the industry’s most cost-effective flash loans.

In addition to cryptocurrencies, UniLend will also support various synthetic real-world assets, NFTs and derivatives (including the major FAANG stocks and precious metals such as gold and silver).

UniLend Developer Resources:

OMNIS Gitbook Documentation

OMNIS Smart Contract

OMNIS Whitepaper

OMNIS Audit Report

Website | Telegram Community | Announcements Channel | Twitter | Blog | Github | Reddit | Instagram

--

--

--

UniLend is a Multichain protocol for Lending & Borrowing all ERC20 tokens permissionlessly. We are developing a Futuristic Base Layer for all DeFi applications.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Tips for Success as a Woman in Crypto

Why Do I Find BitClout Significant?

Sunsetting the NFT shares system

The Safest Way To Play Bitcoin

MY 5 BEST SUGGESTIONS FOR INVESTMENT IDEAS

Crisis of the second wave of ICOs

Tatsu | Global Economy Refresh, Expedition Store

The Return of Kik/Kin

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
UniLend Finance

UniLend Finance

UniLend is a Multichain protocol for Lending & Borrowing all ERC20 tokens permissionlessly. We are developing a Futuristic Base Layer for all DeFi applications.

More from Medium

The efficiency of the CoinEx Smart Chain’s PoS consensus protocol

DEIP - A big event in the WEB 3 world

INTRODUCING A DISTINCTIVE FEATURE OF PROPEL: Staking as a Service Platform

BCS PRIVACY POOL FEATURE