Unbound Announces IDO On Polkastarter On 13th December 2021.

5 min readDec 7, 2021

We are thrilled to announce the much-awaited launch of Unbound’s native governance token $UNB via Initial Decentralised Offering on Polkastarter on 13th December 2021.

Polkastarter has been the leader in the IDO space and has always been our preferred platform to do an IDO for $UNB. They have added immense value to the blockchain space, launching some top-notch projects.

Unbound Finance is a decentralized cross-chain liquidity protocol, building an ecosystem of composable, DeFi-native derivatives from AMMs on Ethereum and other blockchains. Unbound will offer a suite of products to unlock liquidity from a diversity of AMMs on different blockchains, including synthetic assets collateralized by liquidity provider tokens (LPTs), new liquidity pools cross-derived from multiple AMMs, financial instruments to compound yields and returns, and more.
Get to know more about Unbound: https://polkastarter.com/projects/unbound-finance

AMM Protocols We Support

The Unbound factory smart contracts currently support various AMMs including Uniswap, Balancer, Bancor, Mooniswap, LuaSwap, SushiSwap, Kyber, Curve.fi, Loopring, DFYN, PancakeSwap, QuickSwap and many others.

The $UNB Token

$UNB is the native governance token of Unbound Finance. $UNB holders will govern the Unbound protocol.

$UNB will be live on multiple chains like Ethereum, Polygon, Binance Smart Chain and Harmony and later on Solana, KCC, HECO, OKEx chain and Kalytn.
$UNB will be listed on multiple DEXs like Uniswap, Balancer, PancakeSwap, Quickswap, Curve, DFYN, Kyber DMM, etc and multiple CEXs.
$UNB will be the governance token for Unbound. Holders of $UNB will be active members of the DAO and will be able to vote on all protocol changes, whitelist pools for $UND minting and set Loan-To-Value parameters.
As seen with multiple governance tokens like UNI, SUSHI, BAL, CRV, QUICK, etc. the higher the TVL gets locked in our system, the higher will be the price of $UNB.
We will be coming up with prediction markets for $UNB and a part of the fee will be used to buy back $UNB and burn it.
Buy back and burn options for $UNB.
Liquidity Pool Tokens of Uniswap V3 will be locked up on the DeFiEdge platform for decentralized hedge fund management. These LPTs will by default be added to the TVL of Unbound thereby adding more TVL. The higher TVL would drive the price of $UNB.

Unbound Highlights

The last couple of months at Unbound have been dedicated to diligent efforts towards important milestone achievements and community building by our team. Here’s a quick recapitulation of the protocol’s latest achievements :

Unbound has raised $8 million in the private sale rounds from notable VCs of the blockchain industry including Pantera Capital, Arrington XRP Capital, Fintech.io, Hashed, CMS, Ark Stream, LD Capital, Zee Prime, Ledger Prime, Kucoin, Gate, MEXC to name a few.

Our funding round also saw participation from notable Angel investors including founders of Angelist, Enjin, Gnosis, Kyber, Swissborg, Daomaker, Polkastarter, Fantom, Harmony, WikiHow, Zilliqa, Tomochain, Polygon, Coin 98 Analytics, Matrix Partners, Frontier, Curve, Synaps and many others.

Further, Over 200+ top-tier KOLs and Influencers have invested in Unbound.

We crossed 116K followers on Twitter. We have a strong community of over 36K on Telegram.
On CoinMarketCap over 4M users have added $UNB to their watchlist.
We are currently live on the Ethereum mainnet and the testnets of BSC, Polygon, Harmony and Avalanche.
We will soon go live on Solana, Fantom, Arbitrum, KCC, HECO, Polkadot, Klaytn and Tezos.

Unbound x Polkastarter

Since the inception of Unbound, we’ve valued our community and have been working towards building a strong one. Our efforts so far have been fruitful and we are fortunate to have the backing and support of our angels, investors, partners and a remarkable Unbounder community. Moving forward, we are excited to bring the power of $UNB and get the community involved to participate in the $UNB public sale IDO on Polkastarter.

We will release more information about how to fully participate in our Polkastarter IDO in the coming days. So stay tuned and make sure to follow us on our official public channels!

Read: How to Participate in a Polkastarter IDO

We would like to seize this opportunity to thank all the existing Unbounders for their continued support so far and invite the new members to join us and be a part of our incredible journey.

CAUTION:

Be aware of scams and fake Unbound Finance channels on Telegram and Twitter! The Unbound team will NEVER DM YOU FIRST or ask for funds on any platform. Please make a note of the following official channels of Unbound:

Unbound Telegram : https://t.me/unboundfinance

Unbound Announcement : https://t.me/UnboundAnnouncements

Unbound Korea : https://t.me/unboundkorea

Unbound Vietnam : https://t.me/unboundfinancevietnam

Unbound China : https://t.me/Unboundchina

Unbound Indonesia : https://t.me/unboundIndonesia

Unbound Twitter : https://twitter.com/unboundfinance

About Polkastarter

Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets. With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.

Website | Twitter | Telegram | Telegram Announcements

About Unbound

Unbound Finance is a new liquidity-backed lending protocol, targeted towards improving the overall capital efficiency of the DeFi space. The platform enables its users to leverage their otherwise idle DeFi assets (LPTs) to borrow perpetual crypto loans in the form of synthetic assets including UND stablecoin and uETH.

Key features highlighting Unbound’s foundation include:

Liquidation-free liquidity provision system

Creating a no debt position when assets are minted

Perpetual borrowing

Factory Smart Contracts

Decentralized, cross-chain stablecoin UND

Minting synthetic assets like UND and uETH

SAFU reserves

Connect With Us

If you would like to be a part of our ambassador programs or help us in any way, reach out to us at partners@unbound.finance.

Check out our social media links to remain updated and learn more about us: