Leading DeFi channel integrating spot trading and money market functions with lending and borrowing via smart contracts, UniLend Finance, has announced its strategic partnership with Base Protocol, the popular crypto token firm. The integration will help the partnering companies to enter a new revolutionized era of decentralization-powered lending. The news was circulated in the media through a Twitter post stating:
1/ UniLend & @BaseProtocol to empower #DeFi with institutional-like products & strategies🔥
📊 $BASE token is pegged to the total crypto market cap. BASE holders will be able to utilize lending/borrowing on UniLend, providing new financial strategies!
🌐https://t.co/sB3nBgdtZb pic.twitter.com/xn4I9dj4ib
— UniLend Finance (@UniLend_Finance) February 7, 2021
According to the partnership norms, the crypto users will be allowed to enjoy seamless lending and borrowing of BASE tokens on UniLend’s DeFi ecosystem. The collaboration will make UniLend the first portal to support such services for BASE token holders.
BASE token owners enjoy big benefits as the token price is pegged against the total market cap of all the crypto assets at a ratio of 1:1 trillion. This amazing technology was introduced by Base Protocol with the help of an elastic supply channel, which readjusts the token supply to maintain the market’s equilibrium.
The partnering teams will work together to solve the crypto tokens’ volatility, which restricts new investors from entering the domain. This will help the users to discover the true potential of DeFi and crypto by facilitating mass adoption in the industry.
The users will be allowed to lend their BASE tokens to hedge on leveraged crypto trading. The market trend will directly affect the token price, allowing users to reap equal amounts of benefits and loss. This will establish BASE as a crucial hedging tool for crypto asset trading on leverage. The investors could borrow funds without a third-party in a secured and diverse interface that will offer rewarding investment ventures.
