Unbound Finance to Launch First-Ever Cross-Chain Stable Coin UND on Polygon
UND stablecoin’s creator, Unbound Finance, will be using Polygon’s fast, easy & accessible technology to increase liquidity on Polygon based AMMs and make them more capital efficient.
Unbound will also be launching the first cross-chain decentralized stablecoin UND on the Polygon Network, and the Unbound Finance governance token UNB will also be tradeable on Polygon based Dexs.
With Unbound Finance, users can collateralize their existing liquidity pool tokens on AMM based Dexs like Dfyn, PancakeSwap, Uniswap and use these LPTs to mint UND stablecoin.
Polygon, who has committed to bring the world to Ethereum & Web3, has been assisting Unbound since its testnet was launched in December 2020 with support in launching on the network and introducing to key AMM partners to enable capital efficiency.
Sandeep Nailwal, COO of Polygon said, “AMMs are here to stay and the amount of liquidity it has been able to get on DEXs and possibility of various tools such as yield farming or earning fee on market making for a regular user shows that they are here to stay. Unbound’s dedicated development team has created something that makes all AMMs efficient and will make interesting money legos in the space further.”
Tarun Jaswani, Founder and CEO of Unbound Finance said, “We have built UND to be one of the most decentralized cross-chain stablecoins on the market. With strong fundamentals, Polygon users will leverage the benefit of a fast, borderless stablecoin which will act as a great fiat on and off-ramp bridge. UND will also open up the benefits of DeFi through Unbound.Finance.”
Key features of Unbound include:
- Liquidation Free Collateralization
- Minting Synthetic Assets
- First Cross-Chain Stablecoin
- Factory Smart Contracts
- Yield Management
- Liquidity Aggregator Contracts
The Unbound testnet on the Polygon test space can be reached from here whereas to access the Mumbai Matic faucet click here.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram | Instagram
Unbound Finance is the DeFi treasury for liquidity pool tokens that unlocks liquidity from existing AMM Pools! Unbound is building the derivative layer of AMM’s with First-Ever Debt-Free Liquidity Provision System. The Unbound Protocol is liquidation free and charges no Interest and the Unbound Factory smart contract supports Uniswap, PancakeSwap, SushiSwap, Dfyn, Balancer, Mooniswap, Bancor, Curve.fi etc
Unbound Documentation:
- Website: https://unbound.finance
- Testnet: https://zeta.unbound.finance/
- Polygon Testnet:http://polygon-testnet.unbound.finance
- Unbound Uniswap V3 Aggregator Testnet: https://v3.unbound.finance/
- Whitepaper: https://docs.unbound.finance
- Twitter: https://twitter.com/unboundfinance
- Telegram: https://t.me/unboundfinance
