UFT is now available across Quidli
UniLend is a permissionless multichain lending & borrowing protocol built for all ERC20 tokens ⛓
In cooperation with UniLend, one of the most adopted protocols in lending and borrowing, Quidli users are now able to send UFT to each other seamlessly across their Discords, Slacks, Telegram groups and browsers.
About UniLend
UniLend is a multichain permissionless lending & borrowing protocol designed for use by any ERC20 token. The ultimate vision is to establish a Futuristic Base Layer for all DeFi applications.
Major DeFi protocols such as Compound, Aave, Beta Finance and MakerDAO support less than 35 of the nearly 13,000 tokens currently listed on CoinGecko, meaning the majority of assets are excluded from the greater DeFi ecosystem. UniLend, however, addresses this gap by enabling any ERC20 to be used as collateral for lending and borrowing, offering risk mitigation options and unlocking the full potential of digital assets.
Tokens can be enabled for lending by tokenholders who can easily create dual asset pools, which are typically used for lending & borrowing on any pair of assets, in a permissionless manner with price feed oracles and gas optimization via UniLend. Once in place, tokenholders are then able to earn interest.
Key features include:
- Permission-less Lending & borrowing
- Isolated Dual Asset Pool
- Non-Fungible Tokenisation
- Concernated Liquidation
- Long and Short any Digital Asset
- Permissionless Flash Loans
About UFT
The UniLend Finance Token (UFT) is the primary utility token for the UniLend protocol. It’s a highly liquid asset with more than 21 listings on major CEXs and DEXs worldwide, including on Binance, Uniswap, Coinbase Custody, Quickswap and Sushiswap.
Use cases for UFT currently include:
- Governance: UFT holders can decide on implementing new protocol parameters & changes through majority consensus votes
- Incentives: Liquidity providers & ecosystem builders are rewarded for bootstrapping the protocol thus enabling governance participation
- Platform benefits: UFT holders gain protocol benefits such as priority access, lower transaction fees and higher yields on selected pools
UniLend x Quidli
We’re excited to work with UniLend Finance to add UFT to the Quidli ecosystem. This initial step means that UFT is now available on our web app and on Discord, Slack, and Telegram, web; as well as can be offered as rewards for actions on X/Twitter and GitHub.
Deploy your token on Quidli
Our main objective at Quidli is to build more bridges between Web 2.0 apps and Web 3 assets. If you’re a token organization or DAO interested in having your token integrated with Quidli, please get in touch by filling out our open request form.
Want to embed token rewards into your organization’s Discord, Slack, and or Telegram workflows? Create your Quidli account and get started now!
Visit our site, follow us on Twitter, and contact us directly at hey@quid.li.
