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Union Protocol Raised $3 Million To Bring Permissionless Credit To DeFi

Mary Liu

Summary: A DeFi protocol Union Protocol announced the completion of $3 million in new funding, Placeholder, 1kx, CoinFund, and many crypto investors participated in. The protocol aims to establish a global, permissionless credit network to prevent uneven loan distribution problems in DeFi, any user or smart contract can access Ethereum to accumulate credit. Developers, community members, ...

A DeFi protocol Union Protocol announced the completion of $3 million in new funding, Placeholder, 1kx, CoinFund, and many crypto investors participated in.

The protocol aims to establish a global, permissionless credit network to prevent uneven loan distribution problems in DeFi, any user or smart contract can access Ethereum to accumulate credit. Developers, community members, even friends can obtain loans through an effective credit system. Union will begin public testing on the testnet this month.

By Mary Liu

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