The world’s first truly decentralized peer-to-peer trading platform, CryptoLocally is listing UniLend’s native token UFT. It is the second digital asset listed in the platform approved by the community through CryptoLocally’s unique shared governance model, GIVernance. UniLend Finance Token (UFT) is the governance token of the UniLend protocol.
This new listing makes CryptoLocally the first P2P platform to offer UFT. UFT traders will now be able to leverage CryptoLocally’s secure, easy-to-use and community-run P2P platform.
CryptoLocally and UniLend
CryptoLocally and UniLend are planning to work together to enhance the features of the former’s Finance Wallet to leverage the latter’s lending and borrowing services. The partnership will result in the integration of more ERC-20 based staking options within the Finance wallet.
This partnership will help bring more diversified products and services into the P2P exchange. The integration of UniLend’s technology into CryptoLocally is a welcome addition and is vital to the latter’s initiative to provide its users with ways to earn staking rewards on their digital assets.
Speaking of which, CryptoLocally is the first P2P exchange platform to integrate DeFi into its ecosystem. CryptoLocally is focused on integrating proprietary technologies to bring more functionality and capabilities into its platform.
The CryptoLocally community’s recent decision to list UFT aligns well with CryptoLocally’s push to become one of the leaders in the blockchain space.
UniLend is a permission-less decentralized DeFi protocol that combines smart contract-powered spot trading and money markets with lending and borrowing services. This allows the trading and DeFi features to co-exist within the same protocol, thereby solving the liquidity and liquidation issues that hampered the growth of DeFi adoption.
UniLend Finance Token (UFT)
UniLend Finance Token is Unilend’s native token. UFT holders have the power to decide on a number of factors relating to the proper operation and functioning of the UniLend protocol. It has multiple use cases relating to governance and platform utility.
CryptoLocally and UniLend share the common goal of building and growing P2P communities worldwide. Listing UniLend Finance Token (UFT) is a major step in achieving this goal. This does not only expand the token offering of the former and the market reach of the latter but also helps accelerate user acquisition for both parties.
More importantly, they share the vision of empowering the communities they build to take a more active role in governance and determining the future of their platform. An attribute that truly espouses the ideals of truly decentralized organizations.
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