How to use UniLend Dashboard
Guide to using UniLend Dashboard
Last updated
Guide to using UniLend Dashboard
Last updated
The ‘Lend’ option allows users to provide liquidity to staking pools, in order to power our flash loans functionality while receiving fees. You can select any token from the list or paste the smart contract link to the search box. UniLend has also introduced permissionless nature of DeFi, allowing projects and community to create their pools without our interventions.
Note: Only ERC20 tokens whose liquidity is provided will be visible.
Creating New Lending PoolUse the dapp functionality to redeem you lend tokens by exchanging the uToken for their lend Tokens.
The second option, “Reward”, will allow projects and users alike to add rewards for all liquidity providers. These may be staking or token rewards from a platform/protocol or any other type of reward individuals wish to provide. These rewards are distributed through the Automated Staking Rewards pool.
Warning: The tokens added to this will be removed from the user's wallet, don't add tokens here unless you want to reward the stakers. The transactions are irreversible and the team has absolutely no way to bring your fund back.
The next function is “Airdrop”, a new feature that will allow anyone to instantly airdrop tokens to all the pool participants. The allocation of these airdropped tokens are based on the users’ staked liquidity at that specific time.
Warning: The tokens added to this will be removed from the user's wallet, don't add tokens here unless you want to airdrop tokens to the stakers. The transactions are irreversible and the team has absolutely no way to bring your fund back.
