Exchange UniLend

UniLend Finance is a decentralized finance (DeFi) protocol co-founded by Chandresh Aharwar and Tarun Malik, officially launching its native token, UniLend Finance Token (UFT), on October 15, 2020. The platform aims to provide permissionless lending and borrowing services for all ERC-20 tokens, thereby expanding DeFi accessibility.

Up-to-date UniLend news

• November 18, 2024: UniLend announced the upcoming launch of Numa Network on November 21, 2024. Numa is a protocol designed to offer gas sponsorship and gasless transaction capabilities, addressing high gas fees and enhancing DeFi user accessibility.
• August 26, 2024: UFT was listed on LATOKEN Exchange after winning a community vote with 52% support, increasing its accessibility to a broader audience.
• August 23, 2024: UniLend's UFT became tradable on Zerion, allowing users to manage their DeFi portfolios more effectively by tracking, buying, and selling UFT directly through the platform.
• August 20, 2024: UniLend integrated with ZeroSwap, enabling ZEE token holders to access affordable, permissionless flash loans. This partnership aims to deepen liquidity and expand DeFi functionalities for both communities.
• August 13, 2024: UniLend equipped Rocket Vault's RVF token with flash loans and lending functions, allowing RVF holders to lend their tokens and earn high annual percentage yields (APY) on the platform.

Tokenomics of UFT

UFT is an ERC-20 token built on the Ethereum blockchain. Its primary purposes include facilitating decentralized governance, incentivizing liquidity providers, and rewarding platform users. As of March 31, 2023, the total supply of UFT is 100,000,000 tokens, with a circulating supply of 62,330,000 tokens.

Key features of UniLend (UFT)

UniLend distinguishes itself in the DeFi space through several unique features:

• Permissionless Listing: Any ERC-20 token can be listed on the UniLend platform without third-party intervention, enabling a broader range of assets to participate in DeFi activities.
• Isolated Dual Asset Pools: Users can create dual asset pools for lending and borrowing any pair of assets in a permissionless manner, minimizing risks to other assets.
• Non-Fungible Liquidity Tokens (NFTs): Liquidity providers receive NFTs representing their share in the pool, which are transferable and signify the right to withdraw funds.
• Comprehensive DeFi Services: UniLend combines spot trading, lending, borrowing, and flash loans within a single platform, offering a unified interface for users.

Use cases for UniLend

• Lending and Borrowing: Users can lend their assets to earn interest or borrow against collateral, utilizing a wide range of ERC-20 tokens.
• Flash Loans: Developers and traders can access uncollateralized loans for arbitrage, refinancing, or collateral swapping, provided the loan is repaid within the same transaction.
• Liquidity Provision: Users can supply liquidity to asset pools, earning fees proportional to their contribution.
• Decentralized Governance: UFT holders can participate in protocol governance, voting on proposals that shape the platform's future.

The average fees on the UniLend Network

Transaction fees on the UniLend Network are subject to Ethereum's gas prices, which fluctuate based on network demand. As of February 2025, average gas fees range between $5 to $20 per transaction. UniLend's integration with Numa Network aims to mitigate these costs by offering gasless transaction capabilities.

The UFT token wallets

Several wallets support UFT tokens:

• MetaMask: A widely-used browser extension wallet that supports Ethereum-based tokens, including UFT.
• Trust Wallet: A mobile wallet offering secure storage and management of various cryptocurrencies, compatible with UFT.
• Ledger Nano S/X: Hardware wallets providing offline storage for cryptocurrencies, supporting UFT through Ethereum applications.
• MyEtherWallet (MEW): A web-based wallet allowing users to interact with the Ethereum blockchain, suitable for managing UFT tokens.
• Zerion: A DeFi interface enabling users to track and manage their UFT holdings alongside other assets.

With UniLend's continuous development and recent integrations, now is an opportune time to explore trading UFT. SwapSpace offers a seamless platform for exchanging UniLend (UFT) tokens, providing competitive rates and a user-friendly experience. Visit SwapSpace today to engage in UniLend (UFT) swaps and stay updated with the latest UniLend (UFT) price charts and news.