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UNB

Unbound Finance  

#UNB

UNB Price:
$0.00151
Volume:
$151.1 K
All Time High:
$0.013
Market Cap:
$2.3 M


Circulating Supply:
1,539,091,341
Exchanges:
5
Total Supply:
10,000,000,000
Markets:
5
Max Supply:
Pairs:
2



  UNB PRICE


The price of #UNB today is $0.00151 USD.

The lowest UNB price for this period was $0, the highest was $0.00151, and the current live price for one UNB coin is $0.00150865.

The all-time high UNB coin price was $0.013.

Use our custom price calculator to see the hypothetical price of UNB with market cap of ETH or other crypto coins.


  UNB OVERVIEW


The code for Unbound Finance crypto currency is #UNB.

Unbound Finance is 1 year old.


  UNB MARKET CAP


The current market capitalization for Unbound Finance is $2,321,956.

Unbound Finance is ranked #772 out of all coins, by market cap (and other factors).


  UNB VOLUME


The trading volume is medium today for #UNB.

Today's 24-hour trading volume across all exchanges for Unbound Finance is $151,100.


  UNB SUPPLY


The circulating supply of UNB is 1,539,091,341 coins, which is 15% of the total coin supply.


  UNB EXCHANGES


UNB has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 5 crypto exchanges.


  UNB RELATED


Note that there are multiple coins that share the code #UNB, and you can view them on our UNB disambiguation page.


  UNB RESOURCES


Websitewww.unbound.finance
Whitepaperdocs.unbound.finance/documentation/whitepaper
Twitterunboundfinance
Telegramunboundfinance
Mediumunboundfinance


  UNB DEVELOPER NEWS



The Unbound V2 Mainnet Launch Airdrop Campaign is now Live!

The highly anticipated Unbound V2 mainnet launch is just around the corner and we couldn’t be more excited to celebrate this milestone and express our appreciation for the unwavering support of our community members. Through this mainnet, Unbound will take capital efficiency to the next level by facilitating collateralization of Uniswap V3’s concentrated liquidity positions as its pioneer feature. To celebrate the launch, we are introducing a five-week-long campaign with support from leading industry protocols including Arbitrum, Huobi Global, Polkastarter, Sushiswap, Frontier, Multichain, Router Protocol, Galxe and DefiEdge. — Campaign Rules:. — Reward Pool: The total reward pool for the campaign is $5000 in UNB. Duration: The campaign will run from 7th February to 30th March 2023. Participation Rules: The campaign will be hosted by Unbound on Galxe protocol., A new set of tasks will be released each week, the details of which will be announced on Unbound’s social media channels, including Twitter and Telegram., By successfully completing each week’s tasks, participants can mint their participation Galxe OAT. Note: To unlock tasks for the following week, individuals must hold the previous week’s participation OAT., Participants must complete all tasks from each campaign week to qualify for rewards. While individuals can join the campaign anytime, they must start from week 1 and complete all tasks., T...




Unbound X DefiEdge AMA Recap

On the 13th of January’23, Unbound Finance hosted an Ask Me Anything (AMA) session with Nishchal, CMO at DefiEdge. The AMA session provided an in-depth look into DefiEdge and its partnership with Unbound. Here’s a recap of the enlightening discussion. Q. Nischal, please introduce yourself to our listeners and tell us more about your Defi journey. A: Hello, everyone; I am Nishchal, CMO of DefiEdge. I come from a background in AI. I started working in the DeFi space last year. I have been a part of the Uniswap V3 community even before the testnet was launched. My article on Uniswap V3 also got published in Standford. Last year I met our founder, Tarun Jaswani, and it has been a great journey since then, learning and exploring Uniswap V3. Q. Can you explain how Uniswap V3 works and how it differs from its previous versions to a naive crypto user? A: AMMs are the king of DeFi at the moment, and the biggest king is Uniswap V3, with more than 1 trillion in volume. Usually, they make trade feasibility quite easy, and in the earlier version, XY = K, which is a constant product and market maker formula which allows transparent swaps driven by mathematical formulas rather than traditional forms or order book systems. What V3 does is rather than passive liquidity; it allows you to set your ranges more actively and create a concentrated liquidity position which allows more earning fees than just passively equal sharing based on you...




AMA with Riley Holterhus Recap

On the 14th of December 2022, Unbound Finance hosted an Ask Me Anything (AMA) session with independent security researcher Riley Holterhus. He is a well-known figure in the world of Web 3 security, having previously worked with Paradigm, SpearBitDao and code4rena. Riley has a reputation for discovering security vulnerabilities and helping organizations recover stolen funds. He is also the first to conduct an audit for the Unbound V2 smart contracts. During the AMA, Riley discussed the results of his recent Unbound V2 security audit and Web 3 security. Below is a recap of the insightful AMA. Q1) Riley, please introduce yourself, and tell us about your background and journey as a blockchain security auditor. Hi everyone; I am Riley Holterhus. I have been in the smart contract security space for over a year. I got into space last October after hearing about an exploit that happened on a protocol. I instantly started to learn about the different opportunities that exist in the space and started working with Code Arena. It is a website where you can participate in decentralised audits and get paid based on the severity of bugs you find. Then I started to explore unified bug bounty hunting. Then I started doing independent audits and eventually worked at Paradigm in their security team. And then since then begin, in September started working more independently again. So I’ve done more independent auditing, which is where I am to...




UNB-o-UND

Unbound is a decentralized lending protocol that offers interest-free stablecoin loans against interest-bearing crypto assets as collateral. Despite being deposited at Unbound, the collateralized assets continue to accrue fees while unlocking additional value in the form of UND stablecoin. The Unbound ecosystem is powered by two tokens, UND, the protocol’s native stablecoin and UNB, its governance token. — UND — The Decentralized Stablecoin. — Unbound’s first flagship product is UND, a decentralized stablecoin pegged 1:1 with the US dollar. It is an ERC-20 token backed by over-collateralized digital assets, typically interest-bearing tokens such as LP tokens. Users can generate UND by locking up collateral in the platform’s smart contracts that exceed the value of the borrowed UND by a predetermined ratio. The surplus collateral serves as a cushion, buffering the token from the downward price movement of the assets supporting it. Characterised by a no-liquidation feature, Unbound V1 enabled users to leverage stablecoin LP tokens to borrow UND, while arbitrageurs in AMMs kept UND’s price in line with its peg. With Unbound V2, the protocol will accept all kinds of liquidity spread across various DEXs, including LP tokens of volatile asset pools and wrapped positions of Concentrated Liquidity Market Makers (CLMM) like Uniswap V3. To ensure a stable peg for UND against the volatility of the newly support...




Understanding Redemptions on Unbound V2

Unbound is a decentralized, permissionless, cross-chain protocol that creates capital efficiency by allowing liquidity providers on various decentralized exchanges (DEXs) to use their liquidity provider tokens (LPTs) as collateral to mint UND, our USD-pegged stablecoin. The primary characteristic of a stablecoin is to, quite obviously, maintain a stable value denominated in USD (in our case). Maintaining this stable peg is easier said than done. While Unbound V2 is designed in such a way as always to be over-collateralized, the exact market price of stablecoins can also experience volatility during periods of market turmoil. To address this issue, in Unbound V2, we have introduced redemptions. — What are redemptions?. — In Unbound V2, redemptions serve as a mechanism for price stability. Through the redemption process, users can exchange their UND for an equivalent value of the underlying collateral. The protocol will always value UND at $1, irrespective of the price in the market. Therefore, if a user burns U amount of UND, they will receive collateral (LPTs) worth U dollars (minus the redemption fee). For example, assume the redemption fee is currently 2%, and the price of the underlying X LPT is $10. If a redeemer deposits 100 UND, they will receive 9.8 X tokens (98% of 100/10). Redemptions ensure the market price never falls too far below $1. This mechanism utilizes free market dynamics to ensure the price. ...




When do you get liquidated on Unbound V2?

Unbound Finance is a decentralized, lending protocol that enables DeFi users to borrow over-collateralized synthetic asset loans. These loans are provided against liquidity pool (LP) tokens as collaterals. In Unbound V1, we accepted only stable pair LP tokens and provided a perpetual no-liquidation loan with 0% interest. While this worked great for stable pair tokens, it did not allow us to support pools formed by volatile tokens like WETH, WBTC, etc. With Unbound V2, we will introduce support for LP tokens of volatile asset pools like WETH-DAI and WBTC-USDC. To support these pools, we need to introduce a mechanism for liquidations, as the value of these tokens is obviously volatile. The protocol needs to ensure that the supply of our stablecoin $UND is always supported by a more significant value of the collateral. This does not ameliorate the use case for stablecoin LP tokens. Stablecoin LP tokens will only increase in value as they accumulate fees; therefore, these users never have to worry about liquidations. Whenever the value of a borrower’s collateral falls below the minimum collateralization ratio (MCR), their account is open for liquidation. Anyone can trigger this function by repaying the total borrowed UND. The liquidator will then receive the entirety of the collateral. As the MCR will always be greater than 100%, the liquidator will receive collateral worth more than UND provided, which they can sell to make a...




Borrowing UND at Unbound V2

Unbound V2 is designed to be a novel decentralized lending platform that will allow users to borrow interest-free stablecoin loans against interest-bearing crypto assets as collateral. The Unbound V2 smart contract generates UND, a USD-pegged stablecoin, against user-supplied collateral assets, typically liquidity provider tokens (LPTs) and wrapped positions of Uniswap V3 like Concentrated Liquidity Market Makers (CLMM). In the last article, we introduced the community to Unbound V2 highlighting its new features and improvements over the existing protocol. Now let us take a deep dive into how borrowing works on Unbound V2. — Vault-Based Borrowing. — Borrowing at Unbound V2 is Vault based. Each collateral type is associated with a unique vault. A user can borrow UND by depositing collateral into one or more Unbound Vaults. For example, a user may borrow UND by depositing Sushiswap’s WETH-DAI LP tokens as collateral in the corresponding vault. Additionally, the user can supply collateral to the USDC-USDT vault to generate more UND. The borrowing parameters may differ across vaults and are dynamically changing. Initially, these parameters will be set by the protocol but can be later changed by the holders of the UNB platform governance token, through voting upon the launch of the Unbound DAO. — Over-collateralized UND loans. — Unbound V2 requires borrowers to deposit collateral higher than the value ...




Live Now: The Unbound V2 Learn and Earn Campaign

Hola Unbounders, Certainly, our incentivized V2 testnet program has been keeping you quite busy but there’s no time to rest as we’re back with yet another enticing campaign where you can Earn $UNB by Learning and exploring more about Unbound. With this campaign, we aim to raise awareness and educate the community about Unbound V2, our upcoming protocol version. The program lasts 5 weeks starting today, October 28th to November 30th with a total of $1000 worth of UNB tokens to be given away. Are you ready to get going? Rewards are just two challenges away! — Challenge 1. — Use the Gleam link here to complete the following tasks: Follow the official Unbound Twitter channel, Like and Retweet the Unbound V2 Learn and Earn campaign Twitter announcement, Join the official Unbound Announcement channel on Telegram, Refer 2 friends, — Challenge 2. — Read informative content about Unbound V2 and take quizzes each week. During the activity period, the Unbound team will post a new article and the corresponding quiz link at the beginning of each successive week on the Unbound Twitter channel. So be sure to keep an eye out for the announcement! Please make note that the link to each quiz shall remain active only for a period of 7 days. 10 random participants who successfully complete both challenges will share a prize pool of $200 in $UNB at the end of each quiz. Participants can attempt all the quizzes...




What is Unbound V2?

Welcome to the next big thing in DeFi: Unbound V2! Over the last year, our team has been hard at work developing a protocol that enhances value creation by unlocking new forms of liquidity management in decentralized finance. With Unbound V1, we allowed users to borrow UND (Unbound’s USD-pegged stablecoin) by collateralizing stable pair liquidity pool tokens (LPTs) in a decentralized, permissionless manner for zero per cent interest and no risk of collateral liquidation. With our new protocol, we will be expanding to support all kinds of liquidity on decentralized exchanges including ERC-20 tokenizations of concentrated liquidity positions of Uniswap V3 like DEXs and LP tokens of volatile asset pairs. — Concentrated positions. — With Unbound V2, we will be introducing support for positions on concentrated liquidity market-making (CMLL) decentralized exchanges (DEXs). CMLLs like Uniswap V3 have revolutionized market-making on DEXs. They provide significantly higher capital efficiency and have attracted mammoth amounts of liquidity in only over a year. We see this trend marching forward for a while, with Trader Joe and Quickswap introducing their own CLMMs. Even though CLMMs provide enhanced capital efficiency, unlike Uniswap V2 like DEXs, they do not provide fungible ERC-20 like LPTs. Positions on these DEXs are represented in the form of NFTs, making them difficult to collateralize. Unbound V2 will support posi...




Unbound V2 launches on Goerli Testnet

We are ecstatic to announce that Unbound v2 is now officially live on the Goerli testnet! You can try the testnet here: v2-testnet.unbound.finance Keeping pace with the ever-changing DeFi landscape, we have updated and improved our protocol after months of research and development. With this release, users can get a first-hand experience of what Unbound v2 brings over its previous version. — Unbound v2 — What’s new? - — Collateral. — Unbound v1, a decentralized crypto lending platform, provided users with 0% interest and no collateral liquidation risk while enabling users to borrow our native stablecoin UND against stable pair liquidity pool tokens. With our new version, users will have access to a broader range of collateral assets including LP tokens of volatile asset pairs and concentrated liquidity positions of the next-generation AMMs like Uniswap v3. — PSM. — Next, by introducing improved price stability mechanisms such as liquidation and redemption, Unbound v2 aims to further boost UND’s stability. While liquidation would ensure that UND remains backed by overcollateralized assets at all times, redemption would keep the value of UND closest to its peg. — Core functionalities. — In addition to the above features, Unbound v2 also comes with enhanced core functionality. The protocol now allows users to create separate smart accounts corresponding to each collateral a...



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