Unbound Recap In A Nutshell

Dear Unbounders!!

With the launch of our fully functional mainnet on Ethereum and the release of our testnets on BSC, Polygon, Harmony, the past few months have been full of successful milestone achievements for Unbound. As we move forward, we would like to take a look back and present to you an overview of how much work the Unbound team has put in along with the protocol’s significant accomplishments so far. So without further ado, let’s jump right in:

The Most Awaited Unbound Mainnet Launch On Ethereum

Following the September release of our sandbox mainnet on Ethereum, Unbound’s fully functional mainnet is now live for all Unbounders to have the most seamless experience on our platform.

The mainnet has been launched with an initial $10 million limit on UND minting which will be increased gradually. Kyber DMM serves as the first venue for users to access UND liquidity.

Post the launch of our mainnet on Ethereum, within 2 days, Unbound reached the milestone of $10 million in TVL in the UND pools on Kyber DMM.


Unbound Finance Joins Hands With Polygon To Launch The First Ever Decentralized, Cross-Chain Stablecoin UND

The month of August witnessed the beginning of partnership collaboration between the two Indian crypto projects, Polygon and Unbound Finance. Additionally, we launched our testnet on the Matic chain enabling liquidity providers on Polygon-based Dexs to preview the protocol’s technology.

The Polygon testnet can be reached from here:

Polygon Testnet: https://app.unbound.finance/

Unbound Finance Integrates With Harmony To Accelerate Inter Blockchain Operability And Profitability

Unbound has been making quick moves to expand to multiple blockchains. Following its collaboration with Polygon, Unbound, in early September, entered into a partnership with Harmony, a fast and open blockchain for cross-chain dapps. In association with this cooperation, we further opened up our testnet for network users on the Harmony network.

The Harmony Testnet Links are as follows:

Harmony Testnet: https://app.unbound.finance/

Unbound Finance Partners With Kyber DMM To Promote Joint Liquidity Mining On Ethereum

September marked the beginning of yet another significant collaboration between Unbound and Kyber DMM. For the first month of the launch of our fully functional mainnet, Kyber DMM will be the only venue on Ethereum to add liquidity for the UND token and farm $1 million rewards in $KNC and $UNB. Users can now use the minted UND to provide liquidity to the UND/KNC and UND/USDC pools at Kyber DMM and earn additional incentives.

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

Unbound continues to expand its ecosystem by joining forces with Avalanche, the fastest, open, programmable smart contracts platform for decentralized applications. The incredible alliance will open up new opportunities of yield for network users across various Avalanche-based DEXs. Our testnet on Avalanche is now live and can be reached from here.

Avalanche Testnet : https://app.unbound.finance/

Audit With Securings

Putting platform security at top priority, Unbound has, to date completed four audits. The first one was done by Peter Kacherginsky, a principal blockchain security researcher with a major crypto exchange and incident responder. The second was completed with Securings, while the third was conducted by Whitehat Lucash-dev, a recipient of the Whitehat Scholarship at Immunefi. With a view to further safeguard our platform against possible vulnerabilities and attacks, maintain the integrity of user funds and eliminate the possibilities of risk, we recently conducted our fourth audit with Securings. The Securings team reviewed the code of Unbound vaults for security vulnerabilities and successfully completed the audit.

Angels And VCs

Unbound has been backed by some of the top VCs of the blockchain industry like Naval Ravikant, Pantera Capital, Fintech, Arrington XRP Capital, Hashed, CMS, Ark Stream, LD Capital, Zee Prime, Ledger Prime amongst the many.

We would like to thank all our angels and investors who have been our support pillar since the day we embarked on this incredible journey, including Founders of Enjin, Gnosis, Kyber, Daomaker, Polkastarter, Fantom, Harmony, WikiHow, Zilliqa, Tomochain, Polygon, Coin 98 Analytics, Matrix Partners, Frontier, Curve, Swissborg, Synaps and many others.

Community Growth

We, at Unbound, are believers that the community is the backbone of any decentralized organization and building one is a continuous and gradual process. Correspondingly, we have diligently dedicated several past months towards community expansion and engagement.

Who doesn’t love fun activities and winning cool prizes?

The Unbound team has been constantly on toes curating captivating activities and keeping the community engaged through a number of incentivized games, polls, quizzes and contests, promoting growth and active community involvement across various social media channels including Twitter and Telegram.

The Unbound Whitelist

In mid-September, we launched the Unbound presale whitelist lottery for our community members giving them a chance to win a guaranteed allocation of $UNB worth $100. The lottery will remain open until TG. To qualify for the lottery, participants are required to complete a simple set of tasks, the complete details of which can be viewed here.

The True Blue Unbounder contest

The True Blue Unbounder contest was an incentivized effort directed towards motivating Unbounders to positively promote Unbound across various social media platforms such as Telegram and Twitter. The first three winning participants received UND rewards worth $150, $100, and $50 respectively.

Unbound NFT Airdrop Campaign

On the 30th of September, Unbound announced the commencement of its NFT Airdrop campaign in collaboration with Coin Market Cap. The campaign received a phenomenal community response. Our team randomly selected 1000 participants as winners and rewarded them with exclusively designed Unbound NFTs.

The Unbound Ambassador Program

With a view to appreciating Unbounders for their unwavering support and dedication towards the protocol, we introduced The Unbound Telegram Ambassador Program. The program is a step intended towards identifying passionate individuals who would actively contribute to the ongoing expansion of our global community, disseminate awareness and educate the community on Unbound. Of 10, we elected the first 3 ambassadors in October who proved themselves as the most productive and helpful bunch and incentivized them with exclusively designed Unbound ambassador NFTs.

Unbound Your Imagination

UnboundYourImagination is a series of innovative and light-hearted contests run by our team on Unbound’s global Telegram channel. One such contest that stole the spotlight required the community to associate Unbound with celebrities. Unbounders responded with overwhelming enthusiasm and associated Unbound with a number of famous personalities including Vitalik Buterin, Bruce Lee, Neil Armstrong, James Bond, Michelangelo, Kanye West, Dwayne Johnson, Mark Zuckerberg, Chuck Norris, Donatello and many more.

The Unbound Meme Contest

It’s time to tickle your funny bone!

Unbound recently commenced a Meme Contest for its incredibly talented community, motivating Unbounders to bring out the humor and creativity in them. The contest is set to conclude on 23rd November and three memers whose memes make the Unbound team laugh the hardest will be declared winners.

Find out more here: https://unboundfinance.medium.com/unbound-your-imagination-introducing-the-unbound-meme-contest-70c2dd36759c

Telegram AMAs

As a part of our community-building program, we have conducted multiple telegram AMA sessions with several communities in the DeFi ecosystem. In each of these AMAs, we were welcomed by an overly enthusiastic and inquisitive audience who were keen on knowing more about our project.

The communities with which we have had the opportunity to interact are listed as follows :

  • OIG Group
  • Gain Associates
  • BSC daily
  • Harmony community
  • Polygon community
  • Vietnamese community TAG Ventures
  • Uniswap China community
  • Red Hat community from China
  • Crypto Royals
  • Snapfingers from China
  • Moonwiley

Parallel to TGE, we also held a series of AMAs with diverse communities, which are listed below.

  • KuCoin
  • Huobi Global
  • Satoshi Club
  • Polkastarter
  • GameFi
  • Redkite
  • Dragon Kwai Chinese Community (龙葵中文社区)

Our efforts to grow and engage our community thus far have been fruitful. Our communities on Twitter and Telegram have risen exponentially, making significant breakthroughs in our social media following, the metrics of which are shown below:

Twitter: 196k+ Followers

Unbound Telegram: 61k+ Members

Telegram Announcement: 93.5K+ Members

We have already expanded our reach and created separate native language communities in some of the countries mentioned below on their most widely used social media platforms.

Indonesia: https://t.me/unboundIndonesia

China: https://t.me/Unboundchina

Vietnam: https://t.me/unboundfinancevietnam

Korea: https://t.me/unboundkorea

On Coin Market Cap, more than 4.5M users added $UNB to their watchlist.

Token Generation Event

The Token Generation Event was one of Unbound’s most significant events this year. On December 13th, Unbound had three IDOs, which were hosted on Polkastarter, GameFi, and Redkite. It’s worth noting that Unbound set a new record for the fastest IDO sold on Polkastarter, completing in just 63 seconds including block time! Our IDOs on RedKite and GameFi too lasted less than 30 seconds each.

On December 14, $UNB was launched on Huobi via IEO followed by listing on Kucoin and PancakeSwap. In addition, $UNB is also now available for trading on MEXC Global and Hotbit exchanges.

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.

There is lots of thrilling news in the days to come. So stay tuned!

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 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:

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



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Unbound Finance

Unbound Finance

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