Price
$0.32
12/5/2022, 9:14:24 AM
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Buy UniLend with Coinbase Wallet

UniLend can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$9.7M

Volume (24h)

$5.2M

Circulating supply

31.1M UFT

All time high

$4.39

Price change (1h)

+0.73%

Price change (24h)

-0.58%

Price change (7d)

+11.58%

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UniLend is on the rise this week.

The price of UniLend has risen by 11.58% in the past 7 days. The price declined by 0.58% in the last 24 hours. In just the past hour, the price grew by 0.73%. The current price is $0.32 per UFT. UniLend is 92.82% below the all time high of $4.39.

The current circulating supply is 31,052,564.348 UFT.

About

What Is UniLend (UFT)?

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.

History of UniLend (UFT)

UniLend was launched in 2020. The platform was co-founded by Chandresh Aharwar, Suryansh Kumar, and Tarun Malik.

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FAQ

What is the current price of UniLend?

The price of 1 UniLend currently costs $0.32.

What is the market cap of UniLend?

The current market cap of UniLend is $9.74M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of UniLend?

The all-time high of UniLend is $4.39. This all-time high is highest price paid for UniLend since it was launched.

What is the 24 hour trading volume of UniLend?

Over the last 24 hours, the trading volume of UniLend is $5.24M.

What other assets are similar to UniLend?

Assets that have a similar market cap to UniLend include SHPING, SUKU, Pendle, and many others. To see a full list, see our comparable market cap assets.

How many UniLend are there?

The current circulating supply of UniLend is 31 million.