It can be dangerous for some reasons I guess

https://steemitimages.com/1280x0/https://cdn.steemitimages.com/DQmagAwyLkqo9MkrWsQC3CYv2g79vbJxnbeDfXRHGDo415m/2022-02-15%2021.41.13.jpg

🚀RocketX is a global liquidity aggregator emphasising cross chain swaps & token transfers, which provide access to global liquidity across various CEXs and DEXs exchanges with a single click.

⛽️ Users can now transfer UFT between #BSC and #ETH network with lowest gas fee!

🌐Checkout newly listed UFT here: https://rocketx.exchange/

🗣 Retweet: https://twitter.com/UniLend_Finance/status/1493240560517189633

This is amazing. I guess UniLend is doing a great job in new DeFi platforms available

This is amazing project to watch out

Q. This seems a permission less listing so any person can provide liquidity to the Lending platform ?

TG : cryptozeean

https://i.imgur.com/QLbUzhp.png



The existing DeFi solutions have successfully demonstrated the demand for trading the time value of digital assets. However, current systems have left the majority of digital assets outside of the DeFi ecosystem. There are over 6000 tokens listed on coinmarketcap. However, the current platforms such as Compound, Aave, Maker DAO, and many more, support less than 30 assets.
Current DeFi platforms act as a gatekeeper in allowing which projects to be a part of the pool; thereby barring the majority of assets from participation in the DeFi ecosystem. Multi-asset pools also expose lenders to risk associated with all of the included assets with no control over the collaterals against which their funds can be lent; thereby exposing them to risks associated with all of the assets.
Peer-to-peer protocols that are looking to accommodate more tokens are asynchronous platforms with added costs and friction to the lenders and borrowers making them practically non-viable solutions in terms of gaining meaningful traction.
https://miro.medium.com/max/875/1*iblIT2v2taGAto4RyPp0Ww.jpeg

Huge Untapped Market
There is a huge market opportunity for a protocol that supports a larger number of assets in a decentralized and permission-less way. UniLend is designed to address this untapped market and fuel the blockchain ecosystem by opening up the DeFi space for all tokens.
TL;DR
The current issues that plagues the decentralized finance industry stem from its fragmentation. Some protocols offer lending and borrowing with a limited set of tokens while others offer the freedom to trade any ERC20 assets but neglect the lending and borrowing aspect.
UniLend is bridging that gap by combining the decentralization aspect of enabling any ERC20 to be utilized as collateral for lending & borrowing whilst providing the flexibility for users to also trade their assets in-platform. Ultimately, UniLend aims to unlock the full potential of digital assets for their owners.
What is UniLend?
UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. In the money markets the interest rates and collateralization ratio are based on supply, demand, and other market forces and borrowing limits are decided by liquidity in the trading pairs. The integrated smart contract for both features of the protocol allows both trading & DeFi capabilities to co-exist within the same protocol. This solves the liquidity and liquidation issue which was limiting the growth of DeFi adoption to a broader market.
UniLend’s protocol allows users to frictionlessly exchange the time value of Ethereum assets by creating a spot trading pair and separate money markets for each token. This allows ecosystem owners to create their own lending and risk management strategies.
Due to the permissionless nature of the protocol, users have the capability to list any Ethereum asset on UniLend. An asset listing on the UniLend protocol’s smart contract instantly creates and lists on markets for lending, borrowing, and spot trading.
The UniLend platform is designed to create separate money markets and trading markets for each token with multiple underlying benefits:
Enabling lenders to choose the acceptable collateralization assets and allowing them to implement their own lending strategy to maximize their returns. Existing lending protocols act like managed funds whereas UniLend is designed as a self-managed fund.
Creating an inclusive DeFi ecosystem where platforms do not act as gatekeepers and are able to tap into the complete token market as opposed to a limited array of tokens supported by existing platforms.
Enabling a fully decentralized protocol for automated liquidity provision on ethereum.
Rather than using highly inefficient and slow peer-to-peer lending and borrowing, UniLend utilizes dual asset pools for frictionless borrowing and lending of assets backed by liquidity available in their respective trading pools.
Key Features
We understand the problems of fragmentation and functionality which are limiting the growth of the DeFi sector. Unilend solves this by supporting and offering comprehensive functionality for a vast range of digital assets. Here are some of the key elements of UniLend Protocol:
Permission-less listing: Any ERC20 token would be able to list without a centralized entity/ DAO controlling the process and we’re also exploring addition of cross-chain support in the future such as Binance Chain, Monero, etc..
Lending & borrowing: Users have the capability to unlock their token’s functionality for lending to receive an interest rate and borrowing by paying an interest rate.
Trading: A corresponding trading pair will operate on UniLend to include decentralized spot trading functionality.
Liquidity: By providing liquidity, users are able to receive fees in proportion to their liquidity pool stake.
Governance: The protocol will be governed by its token holders through proposals in order to ensure adjustments to the protocol are made with a majority consensus.
Native Utility Token: The native utility token on UniLend will be UFT, UniLend Finance Token. The token will have multiple aspects for governance, value, and much more to be released in a later blog post.
User Interface/ User Experience: An intuitive and user friendly interface designed to provide seamless trading and lending/borrowing experience.
Bridging the gap
Currently, only a selected few assets are allowed into the DeFi industry. These assets are currently listed on Compound, Aave and others:
- DAI, USDC, ETH, WBTC, USDT, MKR, ZRX, REP, BAT, BUSD, ENJ, KNC, LINK, & SNX
This leaves over 6000 additional assets that are not integrated with higher marketcaps to further boost the efficiency of decentralized finance liquidity including:
- CRO, BNB, HT, OKB, LEO, MATIC, and so much more.
https://miro.medium.com/max/1250/1*qQn60Wyk4KZh_iI7rnWrjg.jpeg
Unlocking the True Potential of Decentralized Finance
In order to fully expand the infrastructure to reach a higher frontier, we need to expand support through permission-less integrations.
Conclusion
UniLend protocol is working to create a new niche in the market which has been neglected and untapped by current solutions in the DeFi space. We believe our efforts will create a level playing field in the market by enabling every token to be a part of the growing DeFi ecosystem.
Do you agree, that every token should be a part of DeFi? Share your thoughts in the comments.
For any Queries/Suggestions, Please reach out to us on Twitter , engage in our Telegram Community, & Join our Reddit to say Hi 👋

This seems a great catch. I heard Matic is scaling up all major chains.

I think Matic is the best option so far

I myself also totally believe the integrity of the team behind the Matic Network.

Twitter @supersteemian
Telegram @pravishinc
Eth : 0x7aBD035Ee2cB82330389d156E8eDeD6b3E6c2E53

send us on

0xFef6bB42235f49E40bbDA44e780AfE22CE14A863

Yes I think you are right we are spoiling our social reputation by retweeting posting useless scams of airdrops 2 out of 10 airdrops are genuine and i think we should see the website and its mainframe and use of thirdparty apps to know which one would be great airdrop.

Thanks

Reserving for Hindi translation

I think we must also add storm also in this list.

I am not targeting only Indians but asking for legal formalities for bringing ICO company registered in India.

Great Come on we are on

Hi Friends

I want to know if there is anyone here expert in ICO and fundraising through ICO and Coin Sale and technically mastered.

My Questions are :

1. What is legal formalities to launch an ICO ?
2. Is there any way to raise fund through peach only or you need support of good advisory team?
3. Ahh.... What can be primary expenditure?
4. What technology to use for alt coin?
5. Project is very sound and first of its kind... So will it attract ?

Thank you

Will wait for your answers

All cryptocurrencies which are really legit are just working as magic and will see new changes in economical structure of the world but also worried about electricity consumption.

  May God Bless them

Very good let's do it.