The QiDao Protocol and UniLend Announce Partnership

QiDao has partnered with UniLend to accept miMatic into UniLend’s lending services. The move bolsters miMatic’s growing use cases across Polygon and allows for more circulation of the miMatic stablecoin. Users that lend out miMatic on UniLend will receive an interest rate fee from borrowers.

What is QiDao?

QiDao is a self-sustaining, community-governed defi protocol built on polygon that allows users to borrow stablecoins (soft pegged to USD) interest-free against their crypto assets. This means you can use the value in your assets without having to sell them.

What is UniLend?

UniLend is a permission-less decentralized DeFi protocol that provides spot trading, money markets, lending and borrowing. UniLend has a governance token called UniLend Finance Token (UFT), which will have several use cases like governance and platform utility.

Lend miMatic on UniLend!

  • Step 1: Go to Lend: https://app.unilend.finance/
  • Step 2: Click on miMatic in the drop down.
  • Step 3: Enter the amount of miMatic you want to lend
  • Step 4: Approve the miMatic amount that you want to lend from your wallet
  • Step 5: Then, you will be able to see that amount of miMatic you have lent and your pool share

If you have any questions or suggestions, visit our Discord community: https://discord.gg/DeNdzTMwcQ