UniLend Finance has recently published its protocol update blog and introduced UniLend v2 enabling the lending and borrowing of all ERC20 tokens. Earlier this year, the Binance Innovation Zone project enabled Lending for every token along with Flash Loans.
The team released an initial blog giving explanations regarding various innovative features in their upcoming version, which is going to take care of Lending and Borrowing of over 9000 assets.
Back in the month of August, the protocol went live into the permissionless listing of any token. As a result of this, the protocol has over 25 cryptocurrencies live for Lending and uncollateralized borrowing through Flash Loans.
In addition to this, it has been revealed that the major protocol update will be equipping UniLend to enter the untapped $1 trillion + crypto market capitalization without notable competition.
Chandresh Aharwar, the CEO and Co-founder of UniLend, said that the current untapped capitalization of the market is standing around $500 billion and they are building the future of Defi.
Chandresh was also the leading Marketing and Strategy at Polygon before Co-founding UniLend.