Hailed as a powerful blockchain-infused network leveraging a combination of spot trading and money market services, UniLend Finance has entered into a strong partnership with Genesis Shards, a popular DeFi solution. The integration will facilitate the pre-IDO projects on Genesis Shards to gain seamless access to UniLend’s Flash Loans and lending features. The joint efforts will aid diversification and surge liquidity limits for UniLend users.
According to the report, with constant support from Genesis Shards, the lending pools on UniLend will get access to a plethora of top-tier tokens to achieve their set goals. The teams will work together to enhance the operability of UniLend’s Flash Loans and borrowing protocol for the DeFi customers. The extra dose of liquidity will play a significant role in popularizing the core concept of decentralized financing. The investors who will stake tokens on UniLend will enjoy increased rewards income in the form of the flash loan charges.
The collaboration will allow UniLend to team up with high-potential IDO and pre-IDO projects. This will open doors for a simple-click entry of several growth-oriented projects into UniLend’s lending ecosystem, causing a surge in liquidity. The expanded strength of liquidity pools will eventually leverage support for the nurturing of new and developing firms. The team is dedicated to unfolding the benefits for the communities joining its lending protocol as part of the integration.
On the other hand, Genesis Shards promotes the adoption of DeFi by allowing investors to access pre-IDO tokens for high-potential ventures. The portal issues NFTs to investors that are pegged against the tokens to be launched in the IDO. This is the first practical use of NFTs to support DeFi. UniLend and Genesis Shards are confident about their shared vision, and they are looking forward to work on various projects collectively. The increased cluster of tokens on UniLend for borrowing purposes will strengthen its hold in the fast-growing DeFi industry.