UniLend and Red Kite have teamed up to provide upcoming IDO projects multi-chain flexible DeFi options.
Red Kite is a cutting-edge DeFi technology that gives users access to IDO tokens across several chains. Red Kite now supports projects on the Ethereum and BSC blockchains, with the prospect of expanding to include Polkadot in the future. The Red Kite carefully selects initiatives with maximum potential and minimal risk using extensive and unique AI that scrutinizes the project team’s origin, innovation of idea, and capacity to execute on that vision.
Red Kite is now a part of the UniLend ecosystem, working to gain access to the Unilend Flash Loans and lending/borrowing tools in order to improve their own ecosystem. For the flash loans and access to IDOs, this agreement will open up new and flexible multi-chain options. UniLend’s lending pools will receive a varied range of tokens and extra liquidity as a result of this relationship.
UniLend’s Flash Loans Ecosystem is Growing
UniLend’s lending and Flash Loans services will be available to IDOs who launch on any of Red Kite’s platforms. Due to UniLend’s unique Flash Loans protocol, where lenders receive a part of the flash loan costs, users who lend their tokens from these projects on UniLend’s platform will see their lending incentives multiplied.
The Flash Loan function in UniLend obtains liquidity from liquidity pools connected to the lending protocol. This means that everybody lending their coins on UniLend contributes to the Flash Loans liquidity pools. All of this can be done in just a few clicks with the user-friendly interface.
New UniLend loan initiatives will be required to supply additional liquidity, offering UniLend’s ecosystem a diverse array of tokens from which users can borrow.
UniLend is dedicated to forming long-term partnerships with all of the projects with which they are collaborated with. Unilend partnership with Red Kite will continue to grow in the future, because projects may give substantial reciprocal benefits to one another.
About Unilend Finance
UniLend is a permission-less decentralized DeFi protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts and this solves the liquidity and liquidation issue which has been limiting the growth of DeFi adoption to a broader market.
