- UniLend Flash Loans are just around the corner
- Aave’s Flash Loans are 278% more costly to use than UniLend’s iteration of flash loans; at the launch, we’ll present our competitive flash loans with more optimal transactional fees
- Check out our latest test results showing the “total gas” used by flash loans on Aave vs. UniLend
As many DeFi projects continue to hit the crypto scene we believe that one of the key factors keeping projects relevant is their ability to innovate. In our case, UniLend Finance is developing at an astounding rate. We’ve fine-tuned our flash loans to be three times more gas efficient than one of the most popular flash loan products on the market today by Aave.
This is a great accomplishment for our team and we’re excited to get our flash loans officially launched and made public soon. It’s not a far stretch to say that our flash loan product will more than likely receive more traction than other products on the market. Though it’s interesting to imagine just how much more traction we’ll receive, given that now we can prove that our flash loans will enable more lucrative transactions costs.
A Picture is Worth a Thousand Words
Recently while testing our flash loans, one of our lead developers took screenshots of a set of epic transactions, which we would like to now share with our community.
By comparing both of these snapshots you can see that, by using Aave, users will pay 278% more to deploy the same transaction that they can with UniLend Finance for nearly three times less.
This groundbreaking breakthrough will help solve a major issue that we all face every day; Ethereum congestion is now less of an issue for users with our iteration of flash loans. Users will now be able to save thousands of dollars in fees per transaction by using the UniLend protocol.
It’s not every day that projects are able to show proof that their protocol is nearly three times more efficient than the leading flash loan product in the industry. Though we’re able to see our future proficiently by using networks like Ropsten and assets like rETH.
Becoming a Smash Hit
We can feel your excitement already and want you to know we should have our flash loans out soon. We truly believe we can capture more market income than the leading flash loan products on the market. Specifically because our protocol is more gas efficient but also permissionless, which will allow us to tap into a much greater market share.
If you’re ready for more information about the technical aspects of our flash loans then please reference our recent article on the matter. Also, come join our community by checking us out on any of our social platforms. We can’t wait to hear from you!