Indian DeFi project UniLend Finance has launched the Alpha version of its platform known as “Initium.” 

UniLend Launches One-Stop-Defi-Shop

The launch of UniLend’s Initium finally brings both decentralized trading and popular DeFi services like lending and borrowing under the same roof.

Initium also ushers in the permissionless listing of any ERC-20 token on the platform. The team said the platform would soon support real-world synthetic assets.

In Sep. 2020, the project raised $3.1 million in seed and private sale for their native UFT governance token. The team has also formed a strategic partnership with India’s leading crypto exchange CoinDCX.

As per UniLend’s roadmap, the Beta release will be rolled out in Q1 2021, followed soon after by the mainnet launch.

Disclaimer: One or more members of Crypto Briefing’s management team owns UFT. The company (Decentral Media Inc.) owns UFT.