So was scanning through the entire DeFi ecosystem after a small DeFi winter a project caught my eye .
Unilend A project by Ex-team members of Matic Network including Founder/Ceo - Chandresh Aharwar. He was VP Strategy & Marketing at Matic network and we all know how well marketing of Matic Network was executed.
Ok So here are my thoughts on Unilend :
It's a permissionless decentralised protocol that combines spot trading services with money market services with lending and borrowing through contract.
Unilend raised around $3.1M in Seed and private round led by Woodstock Fund, TRG Capital, Bibox, Signal Ventures , Sandeep Nailwal (Co-founder of Matic network) & many more investor's
Total Supply - 100M Initial Circulating Supply 10.8% and valued at $1.6M at public sale prices. Pretty low cap and WHITELIST FOR CROWDSALE IS LIVE now.
Coming back to features of the Unliend Platform : Permissionless listing lending and borrowing Trading Governance Liquidity
How does the platform contribute to the DeFi ecosystem ?? 1.Unilend Platform don't act as gatekeepers like other platform and allow all exposure to all the assets unlike different platform having limited tokens being supported.
2.Fully Decentralised Platform for automated liquidity provision so you can trade as well as lend and borrow here.
3. Giving lenders full freedom to choose their acceptable collateralization assets and allow them to implement their own strategy to maximize their returns .Thereby making it more lender friendly too theereby it will get a good liquidity from the lender's side.
Imo it will be good to try the crowdsale round as private and seed rounds are over. Project looks fundamentally bullish and low marketcap on day 1. I am participating in the crowdsale via whitelist lottery round. If i don't get in will try to buy on listing. Good luck to all Unilend fans here it's a moon project .
