About UniLend
Market Stats
Market Cap
$348.41K
0.52%
FDV
$380.07K
Circ. Supply
92M UFT
Max Supply
100M UFT
Total Supply
100M UFT
Diluted Valuation
$375.66K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$55.11K
1.9%
Volume (7D)
$324.17K
Volume (30D)
$1.58M
All time high
$4.39
Price Change (1Y)
-98.72%
Additional details
Market details
UFT vs markets
↘ 99.07%
UFT vs BTC
↘ 98.93%
UFT vs ETH
↘ 98.8%
Tags
defi
lending-borowing
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x0202Be363B8a4820f3F4DE7FaF5224fF05943AB1 | |
Polygon | 0x5B4CF2C120A9702225814E18543ee658c5f8631e | |
BNB Smart Chain | 0x2645d5f59D952ef2317C8e0AaA5A61c392cCd44d | |
Polygon | 0x0202Be363B8a4820f3F4DE7FaF5224fF05943AB1 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0038 | ↗ 0.28% |
1 Day | $0.0038 | ↗ 0.28% |
1 Week | $0.0040 | ↘ 5.92% |
1 Month | $0.0044 | ↘ 13.74% |
1 Year | $0.29 | ↘ 98.72% |
FAQ
UniLend is a blockchain-based protocol. UniLend aims to address the problem of gatekeeping in the DeFi space. According to the whitepaper of UniLend, there is a requirement for a decentralized protocol that can support more digital assets. UniLend developers aim to contribute to the DeFi space by allowing more tokens to be part of it.
Despite a huge number of cryptocurrencies, only a handful are made to be a part of most DeFi platforms which hinders many assets from participating in and contributing to the blockchain space. On the other hand, lenders in this space cannot manage associated risks independently. Peer-to-peer networks are often not viable for users because of the added costs and friction. UniLend attempts to tackle this issue of liquidity on the blockchain using smart contracts. These contracts help to combine money markets with trading services.
UniLend also implements protocols that enable the users to design unique risk management strategies. Thus, UniLend proposes to expand DeFi by enabling it to adopt a larger market.
UniLend Finance Token (UFT) is the primary utility token for the UniLend platform. It can be understood as a transferable representation of the functions attributed to the protocol. The goal of UFT is to be used as a convenient mode of settlement between participants of the platform. The token also provides incentives to users who want to contribute to the ecosystem.
UFT assists in the governance of the platform. Users who hold the token can vote regarding the functions of the protocols as well as any necessary changes to the same. The changes also encourage transparency by requiring majority consensus to accept a proposal.
UniLend aims to create a niche market that is not given significant attention in the blockchain ecosystem. Fragmented protocols with limited functionality restrict the growth of DeFi. UniLend strives to create a space where functionalities of the DeFi system co-exist with trading capabilities.
UniLend was launched in 2020. The platform was co-founded by Chandresh Aharwar, Suryansh Kumar, and Tarun Malik.
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Social stats
Popularity in posts
#3618
Contributors
14
Posts
14
% About UniLend
0.002%
Hold times
0 days
X (Twitter)
78.26% bullish
Sentiment
4.7 ★
Highlights
14 unique individuals are talking about UniLend and it is ranked #3,618 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, UniLend has an average sentiment score of 4.7 out of 5. Finally, UniLend is becoming less newsworthy, with 0 news articles published about UniLend.
On Twitter, people are mostly bullish about UniLend. There were 85.71% of tweets with bullish sentiment compared to 9.52% of tweets with a bearish sentiment about UniLend. 14.29% of tweets were neutral about UniLend. These sentiments are based on 23 tweets.
On Reddit, UniLend was mentioned in 81 Reddit posts and there were 181 comments about UniLend. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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