Oddz Finance Gains Flash Loan Capabilities as it Joins the UniLend Ecosystem, Creating Synergies
The UniLend team is preparing to go into overdrive. To get things started, providing Flash Loan functionality to their partner, Oddz Finance. Furthermore, on April 16, 2021 at 7:30 PM IST, Oddz Finance was granted their own staking pool, allowing stakers to provide liquidity while receiving generous rewards.
Following the success of UFT staking, Unilend agreed that ODDZ would be the next token to be motivated by UniLend’s Flash Loans and staking.
The Flash Loans users can benefit from the newly added liquidity, allowing for the development of new and previously unimagined DeFi strategies. Oddz Finance is going above and beyond by offering additional prizes to the first stakers in their new pool to add to the excitement. They’re bringing 40,000 ODDZ tokens (roughly $100,000 in rewards) to the table.
On top of all else, early investors can expect a couple of extra bonuses.
New Functionality Coming Soon
Unilend is making great progress on the flagship items, which will include lending and borrowing services as well as a completely functioning DEX. They are now incorporating Oddz Finance’s trading options features into the expanding DEX to build a more robust tech stack.
A new usefulness for UFT has been added to the several partnerships that are emerging. In this scenario, UFT holders will soon be able to use Oddz Finance’s multi-chain platform’s “call” and “put” options. Furthermore, carrying UFT helps users to participate in flexible options trading strategies at no cost of gas.
Easy Staking on Unilend Platform
You should be familiar with staking and flash loans on UniLend if you aren’t already. Unilend was recently passed through a comprehensive Certik audit, and it was designed for ease of use. Once staking is live, It is good that ODDZ holders who are interested in using it to follow step-by-step guide.
Please notice that the platform already has over $5,000,000 in UFT staked, implying that UniLend’s group is already receiving airdrops and ongoing rewards. Unilend team is looking forward to seeing ODDZ holders receive similar incentives in the near future.
UniLend is a permission-less decentralized DeFi protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. This solves the liquidity and liquidation issue which has been limiting the growth of DeFi adoption to a broader market.