Unbound Finance Raises $5.8M led by Pantera Capital and Michael Arrington’s XRP Capital

We are pleased to announce that Unbound Finance has secured $ 5.8 million in investment from leading crypto investors, including Pantera Capital and Arrington XRP Capital, to support the firm and become the first ever decentralized cross-chain stablecoin.

Unbound is aiming to create capital efficient products that are both native and composable to the DeFi ecosystem. The liquidation-free collateralization platform allows users to borrow interest free loans against liquidity pool tokens as collateral. Through strategic partnerships, the project is building native bridges to allow cross chain transfers of its stablecoin and other synthetic assets.

“AMMs are DeFi’s Zero to One Innovation and we are building an aggregator layer to enable greater yields & capital efficiency for our users,” — Tarun Jaswani, CEO and Founder of Unbound Finance.

INVESTORS

“Unbound has great potential to play a lead role in the DeFi space by focusing on liquidity pool tokens. We’re excited to support the Unbound team as they build the key tools to capitalize upon this untouched part of the DeFi ecosystem” — Dan Morehead, CEO Pantera Capital.

Unbound Finance is new primitive with the potential to unlock billions in unproductive value trapped in AMMs. We’re excited about the launch of Unbound as a fundamentally new mechanism for borrowing, lending and synthetic assets in DeFi.” — Michael Arrington, Founder TechCrunch

The Angel investors that have also participated in our funding round include founders of Angelist, Enjin, Gnosis, Kyber Network, Polygon, Harmony, Frontier, Wikihow, DFYN, Dao-Maker, TomoChain and Polkastarter amongst many others.

“Unbound’s dedicated development team has created something that makes all AMMs efficient and will make interesting money legos in the space further.” Sandeep Nailwal, COO & Co-Founder Polygon.

“We are delighted to support Team Unbound in realizing its vision of becoming the native decentralized stablecoin of the DeFi & AMM space” — Maxim Blagov CEO & Co-Founder Enjin.

Unbound Finance: DeFi Treasury For Liquidity Pool Tokens

MARCHING FORWARD

Our soon to launch, ‘DeFi Treasury For Liquidity Pool Tokens’, went live with its first testnet in December 2020 and recently launched its final Zeta testnet in April 2021. We are one of the first projects to integrate Uniswap V3 and in the process of launching aggregator contracts for concentrated liquidity provision. These doorway contracts will be soon used to collateralize the NFT positions, enabling further liquidity into UND.

RESOURCE PLANNING

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Debt and Liquidation Free Liquidity | The Defi Treasury For LPTs | A Derivative Layer For AMM | $UNB $UND

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