DVISION NETWORK INTRODUCED THE UNILEND CENTER AND ADDED UFT TO THE PAYMENT SYSTEM
UniLend is a decentralized, permissionless DeFi protocol that combines spot trading services and money markets with credit services through smart contracts. In money markets, interest rates and guarantees are based on supply, demand, and other market forces, and credit limits are determined by the liquidity of trading pairs. The integrated smart contract for both protocol functions allows for the cooperation of the DeFi and negotiation to coexist within the same protocol. This solves the liquidity and liquidity problem that limits the growth of the DeFi launch in the market as a whole.
Dvision Network is a virtual reality content ecosystem using blockchain technology. The goal is to provide the best possible user experience by taking advantage of blockchain and VR technologies beneficial features and creating an unprecedented and inclusive virtual ecosystem for businesses and designers.
Dvision network officially announced that they have decided to collaborate with the UniLend Finance DeFi protocol to further explore blockchain technology’s capabilities and extract maximum synergy from this unprecedented collaboration. As part of the commercial agreement signed with UniLend, Dvision Network will introduce UniLend’s native UFT token in the payment system and provide a virtual space to configure the UniLend Center and to collaborate in many other technological aspects. In fact, Dvision Network is proud to introduce the community to its revolutionary DeFi UniLend project as its strategic partner.
AFFILIATE DETAILS
Firstly, as noted, post-COVID-19, which suspends and restricts the holding of high-level and large-scale conferences and exhibitions due to the threat of the spread of infection, the Dvision network has great potential in technology. Virtual reality. The advantage is to fully inherit the events associated with this large blockchain, which is virtually recognized in VR Metaverse, such as Deconomy or Consensus or UDC. That’s why the company decided to hold a blockchain conference next year after its product was completed and launched. During these events, UniLend gains maximum visibility during the event and unique marketing tools such as stands and advertising posters. Finally, Chandresh Aharwar, CEO of UniLend, will be featured as one of the prominent guests of the Dvision Network and will attend a panel to give a speech on the current trend of NFT and DeFi integration.
The partnership between the Dvision Network and UniLend is an expanded technical and business development collaboration that seeks to advance blockchain technology on both platforms. As mentioned earlier, Dvision Network evaluates explicitly the use of coins/tokens by its partner companies (large companies only) in the VR Metaverse and in the Dvision Network’s available payment system. Therefore, they consider the introduction of UniLend tokens (UFT). In short, UniLend users are listed under UniLend who can trade and make payments in UFT coins on all Dvision Network platforms (purchase of NFT items, purchase of land/space, etc.) and earn the appropriate user capacity and token stability. UniLend will have a virtual area that is supposed to set up a “UniLend Hub.” To be precise, UniLend will interact with its community via the gamified virtual reality experience of the Dvision network within the metaverse. This will add to UniLend’s business expansion, which will provide an unprecedented opportunity to integrate into the community on an entirely new scale and framework.
POTENTIAL MIGRATION OF NFT AND DEFI
As you know, decentralized finance has had a significant advertising impact lately. With all the attention of crypto communities in the DeFi trend, non-fungible tokens (NFTs) also gained popularity. While several technical and conceptual aspects continue to be explored in the field of NFT and DeFi convergence, Dvision Network will be among the first to examine the potential for a possible link between NFT and DeFi, with UniLend. So far, it is known that NFTs can unlock more potential for further advancement of decentralized finance via DeFi.
Currently, the majority of DeFi loan records are secured on DeFi. One of the most interesting ideas that came up recently was the use of NFT for security. In short, this means you can now transfer an NFT as collateral representing an artwork, digital land, or even a tokenized property and borrow money for the scenario analysis and trial amount that needs to be done to weigh the pros and cons of this mechanism.
Unlike BTC or ETC, an NFT is an immutable token with properties that make the same token not being exchanged for itself. Thus, NFTs create digital scarcity, ownership, and uniqueness for the crypto space. However, NFT items are notorious for being illiquid, which means that market prices will always be challenging to determine. However, Dvision Network will make every effort to secure secondary markets that guarantee the salability of NTF items and provide them with liquidity security. UniLend goes through its own rigorous screening process before accepting NFT items as appropriate security on its platform to avoid buying illiquid and non-valuable assets. Therefore, the cooperation in this field starts with determining the right model for NFT covered loans.
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Written by Naphtali Dabuk
