One thing that drives the traditional financial market is the fact that users can make money, access funds, carry out trading activities, and do so much more. For people to start to adopting decentralized financing apps, there should be the existence of these services in the DeFi ecosystem.
The interest rates and collateralization ratio are based on different elements like the supply, demand, borrowing limits, the market at the moment and so on.
UniLend Finance is a decentralized permission-less protocol that offers spot trading services, as well as money market features. Users can effortlessly borrow or lend funds by using smart contracts. It's different from the typical DeFi protocol in existence. Since it is permissionless, an ethereum based asset can be listed without stress.
Below is what is expected in the UniLend ecosystem:
1. Automated lending and borrowing
UniLend is a decentralized financing protocol that's interested in offering users the ability to lend and borrow. It does this with its CyberFi integration.
UniLend is mimicking the money market that makes it possible for people to borrow money for different purposes. Users of these DeFi protocols can easily borrow digital assets like cryptos for a stipulated period and pay an interest rate, as well as the capital. People borrow fiat currencies for numerous reasons. Instead of borrowing fiat currencies and having to deal with the stress that comes with it, borrowing crypto is possible. For the holders of the cryptos, they can earn from their cryptos instead of merely holding them idle in their wallets. Holders can effortlessly lend out their tokens for an interest rate.
2. Lend and borrow staked assets.
Users of this ecosystem can easily lend and borrow the assets that they have staked. They can earn interest from doing this. This is made possible via the StaFi protocol.
Do you have staked assets that you want to earn from by lending, the StaFi protocol will make this possible.
3. Lend and borrow real world assets.
The truth remains that if the traditional assets can't easily be traded, it may scare off investors and prospects from using the DeFi money market features that UniLend offers. People want a mixture of what they know with and what is new. This is why UniLend has ushered in the feature of users being able to trade, lend and borrow real based assets. It is made possible because OpenDeFi will allow the tokenization of real life assets. The usual complaint that had stopped people from jumping into the effective arms of the decentralized financing space is that the feel of the traditional financing world has been lost in the DeFi one.
Investors want to trade gold and other real life assets in the digital space. What OpenDeFi is offering will ensure that traditional investors have no reason not to give UniLend a chance.
There would be a place for almost every investor in existence, as changes will be done from time to time and updates will be ushered into the ecosystems.
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