| General information | |
|---|---|
| Global rank: | 1612 |
| Name: |
Unbound |
| Symbol: | UNB |
| Current coin price (STD): | 12.07 Db |
| Last hour: | arrow_downward-0.060 % |
| Last 24 hours: | arrow_downward-2.54 % |
| Last 7 days: | 57.45 %trending_up |
| Capitalisation (STD): | 38 260 114 403.38 Db |
| Volume 24h (STD): | 1 623 487 536.32 Db |
| Available supply: | 3 170 440 201.00 UNB |
| Total coin supply: | -1 UNB |
| Start date: | 2021-12-07 |
Unbound/São Tomé and Príncipe, Dobra (UNB/STD) price chart
Unbound/São Tomé and Príncipe, Dobra (UNB/STD) capitalisation and volume charts
Unbound Finance, founded by Tarun Jaswani, is a decentralized, cross-chain lending protocol in the DeFi space. It enables users to borrow over-collateralized synthetic asset loans at a 0% interest rate by pledging their idle interest-bearing tokens (ib tokens). These tokens continue to accrue transaction fees from liquidity provisioning while being used as collateral. Unbound Finance facilitates the borrowing of funds for various purposes such as lending, trading, or acquiring more ib tokens. It also allows the collateralization of Uniswap v3 positions and provides liquidity to AMM LP tokens, issuing its UND stablecoin. This platform is designed to enhance capital efficiency in the DeFi ecosystem by unlocking liquidity available in DeFi DEXs and facilitating its flow across chains.
Unbound Finance was created by Tarun Jaswani, who aimed to build a non-custodial lending platform that unlocks new yield opportunities and improves capital efficiency within the DeFi ecosystem.
$UNB serves as the governance token in the Unbound Finance ecosystem with several key utilities:
Governance Rights: UNB token holders have voting rights, enabling them to participate in decision-making processes regarding policy changes, implementations, and other protocol improvements.
Protocol Management: Responsibilities of UNB holders include voting on asset pairs for collateralization, determining borrowing rates and Minimum Collateralization Ratios (MCR), modifying various protocol parameters, and setting global borrowing limits for vaults.
Price Oracles: The protocol utilizes Chainlink feeds for secure price feeds essential in issuing the UND stablecoin based on the USD value of collateral.
Unbound Finance positions itself as an innovative step in decentralized finance, providing a platform where liquidity positions and LP Tokens are collateralized for borrowing the UND stablecoin. The UND stablecoin has a wide range of use cases, while the UNB token empowers its holders with significant governance capabilities, influencing the platform's future direction.