The highly anticipated Unbound V2 mainnet launch is just around the corner and we couldn’t be more excited to celebrate this milestone and express our appreciation for the unwavering support of our community members. Through this mainnet, Unbound will take capital efficiency to the next level by facilitating collateralization of Uniswap V3’s concentrated liquidity positions as its pioneer feature.
To celebrate the launch, we are introducing a five-week-long campaign with support from leading industry protocols including Arbitrum, Huobi Global, Polkastarter, Sushiswap, Frontier, Multichain, Router Protocol, Galxe and DefiEdge.
Reward Pool: The total reward pool for the campaign is $5000 in UNB.
Duration: The campaign will run from 7th February to 30th April 2023.
Join the campaign through this link: https://galxe.com/Unbound/campaign/GCbLHU4NFd
- The campaign will be hosted by Unbound on Galxe protocol.
- A new set of tasks will be released each week, the details of which will be announced on Unbound’s social media channels, including Twitter and Telegram.
- By successfully completing each week’s tasks, participants can mint their participation Galxe OAT.
Note: To unlock tasks for the following week, individuals must hold the previous week’s participation OAT.
- Participants must complete all tasks from each campaign week to qualify for rewards.
While individuals can join the campaign anytime, they must start from week 1 and complete all tasks.
- The final UNB rewards worth $5000 will be distributed by Unbound through a random generation process.
- Winners will be announced, and rewards will be sent within 15 days after the campaign ends.
Disclaimer: All rewards will be directly sent to the participant’s ERC20 wallet address and confirmation will be necessary through a subsequent announcement. Unbound retains the right to discontinue or amend any activity or activity guidelines at our sole discretion.
Unbound V2 is poised to be a game-changer in the DeFi space, and the airdrop campaign is an exciting opportunity for the community to participate in this momentous occasion. By following the simple steps outlined in the campaign rules, participants can earn rewards while celebrating the launch of the Unbound V2 mainnet.
About Unbound Finance
Unbound Finance is a novel, non-custodial lending platform driven towards enabling newer and better yield opportunities to improve the overall capital efficiency of the DeFi ecosystem. The platform lets Defi users lock in LP tokens to borrow Unbound’s native stablecoin, UND, at 0% interest rates.
In its version 2, Unbound will enable users to collateralize concentrated liquidity positions of next-gen AMMs such as Uniswap V3 and LP tokens of volatile asset pools. Through synthetic assets like UND stablecoin, Unbound aims to unlock the liquidity available in DeFi Dexes and to enable the easy flow of this liquidity from one chain to another without actually removing it.
The key highlights of the protocol are as follows:
- Interest-free borrowing: Unbound does not charge any interest on the borrowed UND.
- Perpetual borrowing: At Unbound, borrowers have unlimited maturities. Users can unlock the underlying collateral at any time by simply paying off the outstanding debt.
- Stablecoin UND: UND is the first flagship product of the Unbound protocol. It is a decentralized, cross-chain stablecoin designed to be native to the AMM space.
- Factory Smart Contracts: Unbound uses liquidity lock contracts that are permissionless and support EVM-based AMMs like Uniswap, Balancer, Curve, SushiSwap and the like.
- Collateralizing concentrated liquidity positions: Unbound is one of the first protocols that allows concentrated liquidity positions to be used as collateral for borrowing synthetic crypto assets such as UND stablecoin.