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.