Unbound Finance

Unbound Finance

UNB
$0.00088677%-3.16

Key Metrics

Price$0.00088677
Real Volume (24H)$57,093
Marketcap$863,098
Fully Diluted Valuation$8,861,377
ATH$0.280453
ATH Date12/14/2021, 4:05:35 PM
ATL$0.00080669
ATL Date12/17/2022, 5:40:49 AM
Circulating Supply974M
Total Supply10B
WebsiteN/A
WhitepaperN/A
Popularity Rank1903
Chart
What is Unbound Finance?

Unbound Finance (UNB) is a decentralized liquidity protocol that focuses on unlocking funds that are locked in the decentralized finance (DeFi) space. The protocol aims to create an additional treasury layer on top of automated market makers (AMM) protocol on decentralized crypto exchanges (DEX) that issues a decentralized receipt for user funds in the liquidity pool. Essentially, this protocol seeks to add more value to the DeFi ecosystem and create compatible products to enhance liquidity.

Unbound Finance seeks to create synthetic assets, oracle price feeds, and financial instruments for compounding margin trades and yield farming. Yield farming is a pool where crypto holders can stake their tokens in return for rewards. Unbound Finance allows users to stake liquidity pool tokens to create synthetic assets that enhance the network's liquidity. Moreover, the platform aims to build a debt-free ecosystem, where users may have lower risks in providing liquidity.

The UNB token is the native cryptocurrency and the governance token of Unbound Finance. Users require UNB tokens to participate in the decisions regarding issues of the network. The UNB token enables proportional voting on essential policies and proposals. UNB tokens are built on two architectures – ERC-20 for the Ethereum network and BEP-20 for the Binance Smart Chain network. Additionally, Unbound Finance issues UND for the staked liquidity pool tokens, a stablecoin pegged to the US Dollar that users can redeem once the platform unlocks the staked digital assets.

Unbound Finance was founded in March 2020 by Tarun Jaswani, the CEO of the platform, who has over 21 years of experience in building digital ad networks, virtual reality (VR), and blockchain. The Unbound Finance core team includes Jaswani and CMO Pratik Oswal, who is among the top 4% of individuals with the highest IQ in the world. Oswal is a mathematician and engineering specialist and has advised several blockchain projects. UNB has a maximum total supply of 10 billion tokens, 25% of which is reserved for the development team.

In conclusion, Unbound Finance is a decentralized liquidity protocol that focuses on unlocking funds in the DeFi ecosystem. With its synthetic assets, oracle price feeds, and financial instruments, Unbound Finance enhances the DeFi ecosystem's liquidity. The UNB token is the governance token of the platform, enabling proportional voting on essential policies and proposals. The team behind Unbound Finance comprises seasoned individuals with years of experience in the digital ad network, virtual reality, and blockchain industries.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.