UniLend is a decentralized DeFi protocol that combines spot trading services with borrowing/lending functionalities on a single platform.
What is UniLend (UFT)?
UniLend (UFT) is a decentralized DeFi protocol that brings together spot transactions and money markets with borrowing/lending services through smart contracts. Interest rates and collateralization ratios in money markets depend on supply, demand, and other market forces. Borrowing limits are determined by the liquidity in trading pairs. UniLend’s protocol, with its integrated smart contracts, houses both trading and DeFi features under one roof, solving the liquidity issue, which is a major barrier to DeFi adoption.
Current DeFi solutions have left most digital assets outside of the DeFi ecosystem. There are over 6,000 tokens listed on Coinmarketcap. While some protocols offer lending or borrowing services with a limited number of tokens, many others allow trading transactions for any ERC-20 asset but neglect lending or borrowing services.
UniLend fills this gap by combining lending and borrowing services for any ERC-20 with a decentralized infrastructure, thus allowing users to flexibly trade assets on the platform. As a result, UniLend aims to unleash the full potential of digital assets.
Anyone with an Ethereum wallet can join UniLend. UniLend has taken a significant step by allowing a user to list an Ethereum-based token on its platform.
Where to Buy UFT Coin?
You can securely buy and sell UFT Coin on Binance, the world’s largest exchange by trading volume. UFT Coin is traded on the Binance exchange in UFT/BUSD and UFT/ETH pairs. To buy UniLend Coin, it is primarily necessary to send crypto or fiat currency to the account wallet. Then, the purchase transaction can be carried out by specifying the amount through the UFT/BUSD or UFT/ETH trading pair interface.
As of the writing of this guide, UFT Coin is trading at $1.20 on the Binance exchange.
