UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. The interest rates and collateralization ratio are based on supply, demand, and community governance. Borrowing limits are decided by liquidity in the trading pairs. UniLend’s protocol allows users to create a spot trading pair and separate money markets for any token. This enables DeFi participants to create their own lending and risk management strategies for lending, borrowing, and spot trading. UniLend allows both trading & DeFi capabilities to co-exist within the same protocol.
Through partnership with UniLend, KOM token holder can lend his KOM token and earn up to 30% APY.