Unilend Finance
Name
Unilend Finance
Summary
-UniLend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform without restricting which ERC20 tokens can be supported.
-It was founded in 2020 by Chandresh Aharwar,Suryansh Kumar and Tarun Malik
-It is based on the Ethereum Blockchain network
Rating
Symbol
UFT
Overview
UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services via smart contracts. Interest rates and collateralization ratios are based on supply, demand and community governance. Credit limits are determined by the liquidity of the trading pair. UniLend's protocol allows users to create spot trading pairs and separate the money market by token. This allows DeFi participants to create their own lending and risk management strategies for lending, borrowing, and spot trading. UniLend allows trading and DeFi functionality to co-exist within the same protocol. UniLend has a full-time development team working on the UniLend protocol, which is in the final stages of developing the MVP platform.
Historical Price Movement (in INR)
Technology
UniLend is a protocol building on top of Ethereum. The team currently has no plans to migrate to a different chain, but they explored the Binance Smart Chain Integration and Layer two options. Any ERC20 token will be able to list without any entity regulating the listing process, making UniLend’s features available to every token. Users have the ability to unlock their token’s functionality for lending to obtain an interest rate and for borrowing by paying an interest rate. By providing liquidity for asset trading and loans on UniLend platform, users are able to receive fees in proportion to their liquidity pool stake. Users can also use Flashloan protocol to borrow uncollateralized loans utilize arbitrage, collateral swap and self-liquidation opportunities. Participation in community governance which will decide the future of the platform through a consensus model is also possible.
Use of Native tokens in the ecosystem:
UFT token is primarily used to facilitate governance of the UniLend protocol. A number of factors relating to the proper functioning of the protocol, will be decided by UFT holders via proposals which require majority consensus to be implemented.
Volume ( as of 17th May 2022)
$1,749,002
Total Supply
100,000,000 UFT
Circulating Supply
31,052,564.35 UFT
Crowd Sales
Unilend Finance has raised a total of — in funding over 2 rounds.
Funding
13/10/2020-Venture Round-N.A.
21/08/2020-Funding Round-N.A.
Country
USA
Year Incorporated
2020
Registered Address
CA, USA
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Chandresh Aharwar | CEO | National Institute of Industrial EngineeringPGDIM, Operations and MarketingGovernment College Of Engineering, AmravatiB.Tech, Computer Science | 11Yrs |
| Suryansh Kumar | CTO | Gurukul Kangri Vishwavidyalaya, HaridwarBachelor of Technology - BTech, Electrical, Electronics and Communications Engineering | 17Yrs |
| Tarun Malik | CPO | University of MelbourneMaster of Information SystemsMelbourne Business SchoolMaster of International BusinessGuru Gobind Singh Indraprastha UniversityBachelor of Technology (B.Tech.), Information Technology | 11Yrs |
Whitepaper 
