Unbound Partners With Avalanche To Open UP New Frontiers Of Cross-Chain Yield Generation

Unbound Finance
3 min readNov 18, 2021


Unbound Finance, the ‘First-Ever-Debt-Free Liquidity Provisioning System’, that is building an aggregator layer over the existing AMMs has integrated with Avalanche, a fast, low cost and eco-friendly blockchain to increase liquidity on Avalanche based AMMs and to improve their capital efficiency.

The partnership will also effectively lead to inter-blockchain operability and profitability through the use of UND, the protocol’s decentralized, cross-chain stablecoin. The deployment of Unbound protocol on Avalanche will open new avenues of higher revenue-generating opportunities to its network participants.

LPs on multiple AMMs across Avalanche such as Gandola Finance, Trader Joe, Pangolin, Penguin Finance, YetiSwap etc can now compound their existing yield by collateralizing their liquidity provisioning tokens with Unbound to borrow interest-free crypto loans in the form of UND stablecoin and other synthetic assets. Users can significantly grow the profits from their DeFi investment by using the assets minted from Unbound to trade on DEXs, provide liquidity, or access staking or yield farming initiatives without missing out on the passive income earned from the collateralized funds.

In association with this collaboration, Unbound will be launching its stablecoin UND on the Avalanche blockchain. Additionally, Unbound Finance governance token UNB will also be tradeable on the Avalanche network, conferring the token holders with voting rights in the protocol’s policies and decisions.

“We have designed UND as a promising cross-chain, yield generating vehicle in the fast-growing DeFi sector, one that will be pivotal in unlocking the liquidity trapped in DeFi AMMs, making them a lot more capital efficient”, commented Tarun Jaswani, founder and CEO of Unbound Finance.

Currently, the Total Value Locked (TVL) on popular Avalanche based DEXs adds up to more than $10.49B with $2.04B locked on Trader Joe, $413.01M locked on Pangolin and $8.6M locked on Penguin Finance, $6.7M locked on Lydia Finance and $1.34B locked on Benqi (QI) at the time of writing. Unbound intends to unlock this liquidity by enabling liquidity providers on AMMs across the Avalanche chain to leverage their LPT tokens to mint UND stablecoin and uETH.

The Unbound testnet on the Avalanche test space can be reached from here.

About Unbound Finance

Unbound Finance is an Ethereum based lending protocol that uses the liquidity of Automated Market Makers as collateral. Users are bound by highly secured, perpetual smart contracts and are free from the risk of their collateral being liquidated. Currently Unbound supports AMMs across various multi-chain platforms like Uniswap, Curve.fi, Bancor and Mooniswap.

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 uETH
  • SAFU reserves

About Avalanche

Avalanche is the fastest, open, programmable smart contracts platform for decentralized applications in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.

It has a high transaction output of up to 6,500 transactions per second while not compromising scalability. This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

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