Express

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

Last Update:

Tags: ,,,,,,
Link: Union Protocol Raised $3 Million To Bring Permissionless Credit To DeFi   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 1 day ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 3 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago

    • You need to login to comment.