Unbound Finance provides a decentralized finance (DeFi) platform that allows users to borrow USD-pegged UND stablecoins at 0% interest by using concentrated liquidity positions and liquidity pool (LP) tokens as collateral. This enables users to unlock their locked assets in automated market maker (AMM) pools while simultaneously earning rewards through liquidity provision.
Funding
$5.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Users who provide liquidity to automated market maker (AMM) pools on decentralized exchanges (DEXs) often have their assets locked, limiting their ability to utilize these assets for other DeFi activities. This creates an opportunity cost, as users cannot simultaneously earn LP rewards and use their capital for borrowing or other yield-generating strategies.
Solution
Unbound Finance is a DeFi platform that allows users to borrow USD-pegged UND stablecoins at 0% interest by using concentrated liquidity positions and liquidity pool (LP) tokens as collateral. This enables users to unlock the value of their locked assets in AMM pools while continuing to earn LP rewards. Users can deposit their LP tokens, borrow UND against them, and repay the loan at any time to unlock their collateralized assets. The platform facilitates cross-chain compatibility for UND and UNB tokens.
Target Audience
The primary target audience includes DeFi users who provide liquidity to AMM pools and seek to unlock the value of their LP tokens without sacrificing their LP rewards, as well as UNB token holders who want to participate in the governance of the Unbound Finance protocol.
Features
- Borrowing of USD-pegged UND stablecoins at 0% interest
- Collateralization of concentrated liquidity positions and LP tokens from various DEXs
- Automated farming rewards, allowing users to earn LP mining rewards while using their collateral
- Flexible repayment terms, enabling users to repay loans at any time
- Governance through the UNB token, allowing holders to vote on platform development decisions via the Unbound DAO
- Cross-chain compatibility for UND and UNB tokens