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| Unbound Finance 
| #UNB
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| UNB Price: | $0.000120 | | Volume: | $57.7 K | | All Time High: | $0.013 | | Market Cap: | $1.1 M |
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| Circulating Supply: | 9,243,980,540 |
| Exchanges: | 1
| | Total Supply: | 10,000,000,000 |
| Markets: | 1
| | Max Supply: | — |
| Pairs: | 1
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The price of #UNB today is $0.000120 USD.
The lowest UNB price for this period was $0, the highest was $0.000120, and the current live price for one UNB coin is $0.00011969.
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. |
The code for Unbound Finance crypto currency is #UNB.
Unbound Finance is 3.2 years old. |
The current market capitalization for Unbound Finance is $1,106,367.
Unbound Finance is ranking downwards to #2404 out of all coins, by market cap (and other factors). |
The trading volume is modest during the past 24 hours for #UNB.
Today's 24-hour trading volume across all exchanges for Unbound Finance is $57,684. |
| The circulating supply of UNB is 9,243,980,540 coins, which is 92% of the total coin supply. |
UNB has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 1 crypto exchange.
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| Note that there are multiple coins that share the code #UNB, and you can view them on our UNB disambiguation page. |
Unbound — Enhancing Finnancial Strategies and Investments in DeFi
Unbound — Enhancing Finnancial Strategies and Investments in DeFi - In the fast-paced decentralized finance (DeFi) world, innovation is constantly reshaping the landscape. Unbound the decentralized lending protocol is consistently evolving to make the DeFi space more capital-efficient. By using liquidity provider tokens (LPTs) and Uniswap V3 positions as collateral, Unbound allows users to borrow stablecoins without having to sell their assets. This frees up capital that can be used to earn additional yield or to participate in other DeFi activities. Unbound recently launched its V2 mainnet on the Arbitrum One network, offering a plethora of benefits for DeFi users. Let’s explore the advantages of using Unbound and how it can enhance your financial strategies and investments. — Uncompromised LP Benefits. — As liquidity providers participate in decentralized exchanges (DEXes), they receive a proportional share of the liquidity provisioning fee and acquire liquidity pool tokens (LPTs). These LPTs can serve as collateral on Unbound, allowing users to borrow the stablecoin UND. Unbound V2 automates the process of staking the LPTs used as collateral into high-yield farming pools, resulting in earnings from the attractive APY offered by the pools. This ensures that users, as liquidity providers, can still benefit from LP mining even when utilizing their LPTs as collateral. Thus users potentially gain additional... 
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Unbound V2 Launches on Arbitum One Mainnet
These are exciting times for the world of DeFi. There are innovations and infectious energy in every nook and corner, and our team at Unbound has not been immune.We’re thrilled to announce that Unbound V2 is now officially live on the Arbitrum One mainnet, bringing new possibilities and opportunities to the DeFi space. — What is Unbound V2? - With Unbound V2, liquidity providers (LP) on automated-market-making (AMMs) protocols like Uniswap V3 and Sushiswap can deposit their liquidity pool tokens as collateral to obtain dollar-denominated loans in our stablecoin, UND. They can then use the UND liquidity to trade and make profits in all the exciting DeFi projects, or they can leverage their existing LP positions. — How is Unbound V2 different? - In our first version, Unbound V1 supported only stablecoin AMM tokens, which allowed us to provide interest-free, no-liquidation loans for perpetuity. With V2, it will now support liquidity tokens for volatile token pools like wETH/DAI as well. Obviously, this requires us to enable liquidations to ensure the necessary capital backing to support the $1 price of UND. We will also support liquidity on Uniswap V3 via liquidity aggregators like DefiEdge, among others. — Supported Collateral pools:. — At the launch of Unbound V2 mainnet, the platform will accept the following pools as collateral on the Arbitrum One network: USDC-DAI on DefiEdge with a maximum UND...
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The Unbound V2 Mainnet Guide
Hello Unbounders, We are thrilled to announce that the much anticipated Unbound V2 is now live on the Arbitrum One mainnet! Users can now delve into features of the latest version of the protocol, including collateralization Uniswap V3 liquidity positions and volatile LP tokens. In this article, we will introduce you to a comprehensive overview of all the features and functionalities. The steps to the following functionalities of Unbound V2 have been covered in this guide: Creating a trove or a debt position, Depositing additional collateral, Borrowing UND, Withdrawing excess collateral, Repaying UND, Claiming vault-wise liquidity mining rewards, Redeeming UND, — Prerequisites before using the mainnet:. — Before using the platform, users must make the following preparations: Connect your Metamask wallet to the Unbound app, Switch to the Arbitrum One network, Acquire LP tokens for collateralization, Note: To collateralize Uniswap V3 positions, you will need to deposit assets into the whitelisted DefiEdge pool and acquire the corresponding DEshares. The debt position that you create by collateralizing the supported assets is referred to as a “Trove.” — How to Create a Trove - Once you have acquired LP tokens for any of the whitelisted pools, you can proceed to create a trove. In this tutorial, we will create a trove of Sushiswap’s WETH-USDT pair., 2. Click on ‘Create Tove’ to open a tro...
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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...
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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...
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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...
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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...
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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. ...
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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...
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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 ...
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