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

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago

    • You need to login to comment.