Fresh off the completion of their $50,000 USDT 2nd Birthday Anniversary Event to commemorate their 2nd year of operations, ProBit Exchange hasn’t missed a beat with the announcement of their next ProBit Exclusive Lite secondary marketplace for UniLend after wrapping up 4 successful campaigns in November.
The UTF Exclusive Lite starts December 9, 11:00 KST, with a $10,000 allocation available for all subscribers through PROB tokens during the 24-hour subscription period.
Following up on UFT’s official listing on ProBit Exchange’s markets, the freshly forged partnership looks to duplicate the success of previous Exclusives that were able to reach annualized returns of over 4,000% for similarly esteemed tokens such as ETN, BLZ, ONE, ARK, and SWINGBY.
With a foundation built on permission-less listings and the very first to combine decentralized lending, borrowing, spot trading, and customized collateral, Unilend is primed to disrupt the DeFi sector with a competitive advantage centered on the $29 billion market opportunity represented by the total market cap of ERC-20 assets lacking De-Fi channels.
Unilend successfully hit the hard caps for both seed and private sale en route to raising $3.1 million to bootstrap liquidity flow and initial tokens.
UniLend has also integrated synthetic assets through its partnership with OpenDeFi to expand on their already lofty aspirations with another $15 trillion market opportunity represented by the growing sector of real-asset-backed tokens.
ProBit Exchange users can now purchase UFT governance tokens to accrue interest compounded with 0.3% of AMM trading fees as liquidity providers. The partnership will provide a funnel for UniLend to onboard ProBit’s roughly 800,00 monthly users with interoperable DeFi access across all ERC-20 tokens.
UniLend Governance Dao rights are also granted to all UFT holders while holders accounting for 1% of tokens or voting power can also create proposals to be voted on by all holders in an ongoing effort to enhance core features.
A unique compounded liquidity farming feature called fusion farming is expected to launch in Q1 2021. This will enable liquidity miners to accumulate both UFT and the specific pool token for exponentially increased earning potential and increased borrowing/lending margins. Unilend also features separate asset pools to minimize risk exposure associated with multiple-asset pools to provide a user-friendly gateway into the thriving world of yield farming.
The team has revealed details on its upcoming Alpha release to finetune lending and borrowing mechanisms ahead of its official launch in Q1 2021. UFT recently reached a new ATH of .904 following a 150% increase from its November price of roughly .84 and a considerable vault in valuation expected following the launch of its ProBit Exclusive on December 9.
UniLend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. Whereas other DeFi protocols support only ~30 assets, anyone can list any ERC20 asset on UniLend for decentralized trading and lending/borrowing.
About Probit Exchange
ProBit Exchange is a Top 20 crypto exchange globally. We have completed over 200 rounds of IEO and have been consistently ranked Top 4 in Korea. ProBit Exchange provides unlimited trading access highlighted by nearly 1,000 trading pairs.
A special ProBit Cup Event featuring 10,000 USDT for the top 20 point totals is currently running during the month of December in which users can accumulate points by purchasing and staking ProBit’s native token PROB.
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