Welcoming CyberFi to UniLend Ecosystem and Introducing Automated Lending to UniLend by vishalhkothari

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· @vishalhkothari ·
Welcoming CyberFi to UniLend Ecosystem and Introducing Automated Lending to UniLend
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<br/><img src="https://miro.medium.com/max/2000/0*qu4M-9NfbA8hES5S" alt="Image for post"/>Welcoming CyberFi to UniLend Ecosystem and Introducing Automated Lending to UniLend</p>
<h1>TLDR:</h1>
<ul><li>CyberFi is entering into the UniLend ecosystem, which will make all their tools accessible to UniLend users</li><li>CyberFi’s Automation tools will allow our users to automate their lending and borrowing</li><li>CyberFi will provide UniLend users with tools that will automatically execute a borrow or lend position on a token based on a specified price</li><li>The tools CyberFi is adding into the UniLend ecosystem will make using the platform significantly more convenient</li></ul>
<p>CyberFi’s automation tools will add immense value to UniLend and our community. The tools on CyberFi can be utilized by users on the UniLend platform to automate a lot of the essential lending, borrowing, and trading strategies we have to offer. These tools will make using the UniLend platform a lot more convenient and efficient.</p>
<h1>Convenience &amp; Efficiency</h1>
<p>The majority of existing DeFi protocols require people to manually add their tokens into lending pools. Manually adding various tokens into lending pools is something that is very time consuming, and the more tokens you have, your time requirement will naturally increase.</p>
<p>The UniLend protocol will facilitate permissionless listings of any ERC20 asset, which means we should have significantly more tokens than any other existing DeFi money market. Having more tokens is very beneficial because it gives people the ability to utilize a vast array of assets for DeFi functionality. However, manually depositing all those tokens to be lent out comes with an additional time commitment.</p>
<p>UniLend users will be able to use CyberFi to drastically reduce the time required to lend out their tokens by simply using CyberFi’s automation protocols. CyberFi is being integrated into the UniLend ecosystem to provide users with the ability to automatically lend out all the tokens they are not using to UniLend pools and take them back in the same easy automated fashion. This will make lending on UniLend not only a lot more convenient, but also significantly more time efficient.</p>
<h1>Smart Lending</h1>
<p>DeFi is filled with cutting edge technology, however there are not a lot of smart tools to facilitate lending. CyberFi is one of the very few protocols that actually provides smart lending solutions, and now they are offering them to UniLend users.</p>
<p>A core aspect of CyberFi is automating complex events in DeFi based on price activity or price triggers. This function on their protocol basically works a lot like a stop loss does in trading. Essentially, you can set a specific price for a token or tokens, and once these tokens reach that certain price, the CyberFi protocol will automatically borrow them for you. This same function can also be used for lending once a token reaches a certain price. CyberFi can do all this for UniLend users because they are going to be directly integrated with the UniLend ecosystem, therefore will be able to track prices of all tokens on our platform.</p>
<p>Many users in DeFi create borrowing and lending strategies that revolve around a token’s price. Utilizing CyberFi’s smart lending solutions will allow users to save a lot of time by not having to constantly track the prices of their tokens and then having to manually lend them out. Again, this simple solution will make using UniLend and CyberFi very convenient, and time efficient.</p>
<h1>Conclusion: Optimizing DeFi</h1>
<p>We know that finance is all about optimizing your return on investment. Optimizing a return on investment is not just about money, it is also about the amount of time you put in to earn that money. Using CyberFi and UniLend, you will be able to save a ton of time that you normally had to spend on keeping track of prices, and manually creating lending and borrowing positions.</p>
<p>We enjoy hearing from our community, please take the time to follow us on all of our social media outlets to stay in touch. Cheers to the future and to many more achievements to come!</p>
<p><a href="https://unilend.finance/">Website</a> |<a href="https://t.me/UniLendFinance"> Telegram Community</a> |<a href="https://t.me/UniLendAnnouncement"> Announcements Channel</a> |<a href="https://twitter.com/UniLend_Finance"> Twitter</a> |<a href="https://medium.com/@UniLend"> Blog</a></p>
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