Hey everyone,
I wanted to kick off a discussion around decentralized lending protocols—specifically the innovations we’re seeing and some of the challenges that come with them. With platforms like Unilend gaining traction, it’s clear that lending and borrowing are playing a huge role in shaping the DeFi landscape. Unilend, for example, has been growing steadily and just crossed $500K in TVL. Their Supply Incentive Program adds an interesting layer by rewarding liquidity providers with XP points that convert into UNIT0 tokens. It’s a solid way to drive engagement and TVL growth.
But beyond incentives, I’m curious what people think about the tech side. How do we keep these systems secure and resistant to exploits? Are algorithmic interest rates always the way to go, or are there other models worth exploring? Also, scalability is a concern—especially if user adoption keeps increasing at this pace.
Would love to hear thoughts from the community on where you see decentralized lending heading. What innovations do you think are still missing? And what should projects focus on to make lending protocols more sustainable and accessible for the long haul?
Looking forward to your insights!
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defi credit systems, in my opinion, simplify the exploitation of pool vulnerabilities, because you can find a vulnerability, for example, re-entrancy, increase your token balance and eventually empty the pool, but there are certainly more legally justified actions such as arbitration or sandwich attacks. Regarding your above-mentioned project https://app.numa.network/ and https://lamaa.ai/ the links do not work 403, which is strange, as well as v1.unilend.finance/lend the presence of a link to the main outdated version of the protocol, in addition, although 500k seems like a significant amount, I would pay attention from the technical side to the presence of audits of their smart contracts regarding version 2 dated 2021 and it seems that everything good with it, but it would be nice to have several audits. The last commit github was on February 24, which does not tell us about active development. The presence of only one EVM network, and for example pool the lack of great activity 0x740fC8982b412e96e04b0d1bA7C66b0FE9F35427 does not promise investors quick profits. To sum up all of the above, pay attention to the frontend, this is the face of the project, the presence of audits, GitHub activity and smart contracts