Market Performance
Info updated 1 year ago
Project Introduction

Unbound Finance is a decentralized cross chain liquidity protocol that builds the next currency Lego building block by releasing AMM's liquidity. This agreement is the 'first debt free liquidity provision system', which uses LPT as collateral to generate synthetic assets including UND and uETH. This agreement does not charge interest rates and does not require liquidation.The purpose of Unbound is to build products that are both native and composable to the DeFi ecosystem. These include:Synthetic assets, including Stablecoin (UND), uETH, etcAMM pool derived from multiple AMM intersectionsOracle Price Feeds based on free market and path independent value discovery.Building financial instruments for compound returns and margin tradingThe Unbound protocol is a dual token ecosystem. It uses UND as the Stablecoin and UNB as the governance token.UND is a Stablecoin, linked to the US dollar, and pledged with LPT (liquidity pool token). The value of UND casting is based on the value of stored LPT. The number of UNDs cast when depositing into LPT is the amount that the user must repay in order to obtain the original LPT. Once the original collateral is returned to the user and the unlock contract is deposited, the cast USD will be destroyed. Arbitrators in the AMM pool ensure that the US dollar peg is maintained.UNB is used for protocol governance. It encourages token holders to solve problems through decision-making. Token holders will be able to vote in support of policies regarding proposed changes and implementations to better serve the community and improve protocol efficiency.

Performance
*All info & data are for reference only, not investment advice!
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