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ProBit Joins UniLend Ecosystem to Accelerate DeFi Adoption

Probit, one of the top-ranked crypto exchanges, has massive plans of expansion. Probit has signed a pact with UniLend Finance with a view to further broaden its utilities in the DeFi (decentralized Finance) sector empowering its users. With this alliance, ProBit aims to climb up the ladder in the crypto space.

The ecosystem of UniLend is renowned for bringing decentralized protocol advantages that offer a unique blend of spot trading and money markets under one umbrella facilitating transactions for traders through smart contracts. As per the terms of the collaboration, UniLend shall be listed on Probit on Dec 4th, and more information shall unfold subsequently. Undoubtedly one fact remains firm that this unique partnership in the DeFi space shall augment the already existing clientele base of around 800,000 for ProBit resulting in a further massive presence in the global markets, thereby increasing the liquidity on UniLend. 

More and more CEX users shall be brought in sync with DeFi adoption, triggering an interconnected and ever-widening change. As a free trade no-encumbrance listing protocol is already offered by UniLend Finance for any ERC-20 token, investors can now also enjoy the unrestricted listing mechanics to easily list any ERC-20 token for which there would be no strings attached related to prior permission by authorities. 

Currently, Probit provides 400 tokens approximately. If a token gets listed, investors would be able to trade freely at their own sweet will benefitting from liquidity mining, and users can now benefit from yield farming opportunities. Here Probit users can garner a 0.3% trading fee, known as Automated Market Maker (AMM) fees of 0.3% on UniLend on the Probit trading pool. This shall act as a source of generating add-on income in DeFi.

It is only a matter of time how conglomerates like ProBit and associate communities would match pace with this evolution called DeFi.

Jason Palmer

Jason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.

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