PolkaCover announces partnership with UniLend

We are thrilled to announce the partnership between PolkaCover and UniLend.

UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. Additionally, UniLend users have access to flash loans through their platform; with maintained liquidity, they can utilize these flash loans with any asset for unique use cases.

UniLend users can now insure their custodial wallets through Wallet Hack Covers offered on our insurance marketplace - Cover Compared. The cover will protect users against hacks or other compromising situations on a centralized exchange that could put the wallets of users holding their native token in danger. Additionally, UniLend will also provide its flash loans to PolkaCover users on our platform.

“We are thrilled to partner with UniLend. At PolkaCover, we care about the digital assets of crypto users. With our Wallet Hack Cover, we aim to secure the ecosystem and users against several vulnerabilities present in the market.”

Kunal Sadani, CEO of PolkaCover

“ As a Frontrunner in Defi space, security is UniLend’s highest priority. The cover will provide an additional layer of security to our permissionless ecosystem users”

Chandresh Aharwar, CEO & Co-Founder of UniLend Finance

About PolkaCover:

PolkaCover is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.

Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.

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About UniLend

UniLend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. We are opening this functionality to new and innovative DeFi technologies.

UniLend’s mission is to create new opportunities within the DeFi space by welcoming the rest of the ERC20 token ecosystem and beyond to the DeFi world, hence their motto “unlocking the true potential of decentralized finance.”

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