Permissionless Defi Protocol UniLend Joins Early Trialing of Bluzelle Oracles
UniLend will Also Enable $BLZ Tokens to Reach Full Defi Potential
📢 We are happy to announce that UniLend Finance has reached an in-depth partnership with Bluzelle. UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and services through smart contracts. They will become one of our early defi partners to adopt the upcoming Bluzelle Oracles. Furthermore, Bluzelle will be integrated into UniLend platform to unlock decentralized borrowing and lending of the ERC20 $BLZ tokens.
UniLend will help to unlock the full Defi functionality of BLZ for the first time. With their platform, users will not only be able to trade, lend and borrow BLZ in a completely decentralized manner, but they will also be able to provide liquidity in return for interest while receiving UFT for utilizing the protocol.
“We believe the next evolution in DeFi is the inclusion of not only any participant, but the inclusion of any asset which users wish to utilize for DeFi. UniLend is making this a reality, and our progress on all fronts is going strong.” — Chandresh Aharwar, UniLend Co-founder & CEO
With our shared mission to unlock the full potential of defi and digital assets, Bluzelle Oracles is a great fit of UniLend’s tech stack. UniLend is offering comprehensive functionality for a vast range of digital assets. It requires highly reliable data and price feeds that can interact with its smart contracts to support many of its key features, including permission-less listing, decentralized lending, borrowing and spot trading. Bluzelle Oracles is powered by its decentralized database and can offer greater speed, security and historical price indexes. We are excited to welcome Unilend as an early participant in trialing Bluzelle’s new oracle solution.
“Working with UniLend made sense. We know the team from their days as Matic. Its a win-win as they bring new uses for BLZ and we explore new ways how Bluzelle Oracles can be used,” says Pavel Bains, CEO of Bluzelle.
About UniLend Finance
UniLend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. Whereas current DeFi protocols support only ~30 assets, anyone can list any ERC20 asset on UniLend for decentralized trading and lending/borrowing.
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About Bluzelle
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.
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