Unbound Announces IDO On Red Kite On 13th December 2021
We are thrilled to announce the much-awaited launch of Unbound’s native governance token $UNB via Initial Decentralised Offering on Red Kite, a cutting-edge launchpad and Defi platform powered by PolkaFoundry on 13th December 2021.
Red Kite allows new crypto projects to raise funds and launch their tokens. Red Kite projects are carefully chosen, taking different aspects into consideration from the origin of the project teams to legitimacy as well as implementation capacities. As a result, the platform has been instrumental in the success of a number of prospering blockchain 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.
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. The $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.
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, Red Kite, 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 Red Kite
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 Red Kite.
Red Kite’s lane-based swap system ensures everybody has a chance to join accordingly based on their tier without having to resort to gas war. Red Kite also supports several top-notch features which bring convenience to users, including one-hour refundable, pre-ordering services, re-sales of allocation, and many more.
We will release more information about how to fully participate in our Red Kite IDO in the coming days. So stay tuned and make sure to follow us on our official public channels!
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.
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 Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem. Red Kite projects are carefully chosen through vetting, which takes everything from the origins of the project teams to legitimacy and implementation capacities into account. These projects are also supported by a network of our high-class marketing partners, leading influencers, and interactive communities.
- Telegram Announcement: English | Vietnamese
- Telegram Official Group: Global | Vietnam
- Telegram Community Group — Managed by Trusted Partners: Korea
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
Factory Smart Contracts
Decentralized, cross-chain stablecoin UND
Minting synthetic assets like UND and uETH
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 firstname.lastname@example.org.
Check out our social media links to remain updated and learn more about us:
Website | Twitter | Telegram | Whitepaper | Instagram | Ethereum Mainnet | Zeta Testnet | BSC Testnet | BSC Faucet | Polygon Testnet | Polygon Faucet | Harmony Testnet | Harmony Faucet | Avalanche Testnet | Unbound Uniswap V3 Aggregator Testnet