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Unbound

One-Stop Yield Optimization Platform For Your DeFi Investments
Category
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Finance
Blockchain
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Ethereum
Currency
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UNB
Publisher
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Unbound Team
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What is Unbound?
Unbound Finance is building the next money lego through unlocking the TVL (Total Value Locked) within the DeFi system with a view to augment the utility of Liquidity Provider (LP) tokens, making it a more efficient yield generating tool.Unbound Finance is a decentralized protocol that aims to bring liquidity to the world of decentralized finance (DeFi) by unlocking the value of users' existing digital assets. By enabling users to collateralize and borrow against their nonfungible tokens (NFTs), Unbound Finance offers a unique opportunity for NFT holders to access liquidity without selling their prized assets. Unbound Finance provides an innovative solution for NFT holders seeking liquidity while retaining ownership of their valuable assets. By collateralizing NFTs and unlocking their underlying value, Unbound Finance offers a unique avenue for NFT holders to access funds, participate in DeFi activities, and explore new opportunities within the evolving decentralized finance landscape.

NFT Collateralization
Unbound Finance allows users to collateralize their NFTs and borrow against them. By leveraging the value of their NFT assets, users can access liquidity without the need to sell their NFTs. This feature unlocks the potential value of NFT collections, allowing users to retain ownership while still accessing the funds they need for other purposes.

Flexible Borrowing Options
Unbound Finance provides flexible borrowing options to suit users' individual needs. Users can choose between different collateralization ratios and loan-to-value (LTV) ratios to customize their borrowing experience. This flexibility ensures that users can borrow funds in a way that aligns with their risk appetite and financial requirements.

Stablecoin Loans
The platform supports stablecoin loans, allowing users to borrow stablecoins by using their NFTs as collateral. This feature provides users with a stable and predictable borrowing experience, mitigating the volatility risks associated with other cryptocurrencies. Stablecoin loans offer users stability and confidence in their borrowing transactions.

Liquidation Protection
Unbound Finance incorporates a liquidation protection mechanism to safeguard users' collateralized NFTs. The protocol monitors the collateralization ratios and automatically triggers liquidation in the event of severe price fluctuations. This mechanism helps protect the system and ensures that the platform maintains a healthy and secure lending environment.

Governance and Community Participation
Unbound Finance implements a decentralized governance model, giving platform users a voice in the decision-making process. Token holders can participate in governance proposals, vote on platform upgrades, and shape the future development of Unbound Finance. This community-driven approach promotes transparency, decentralization, and inclusivity within the platform.

Cross-Chain Compatibility
Unbound Finance aims to achieve cross-chain compatibility by expanding its protocol to support multiple blockchain networks. This approach enables users to collateralize NFTs from different blockchain ecosystems, providing broader accessibility and fostering interoperability across various platforms.

Enhanced Liquidity for NFT Holders
By allowing NFT holders to collateralize their assets, Unbound Finance enhances the liquidity options available to NFT owners. Users can unlock the value of their NFT collections and utilize the borrowed funds for various purposes, such as investing, trading, or participating in other DeFi protocols.

Secure and Transparent Protocol
Unbound Finance prioritizes security and transparency in its protocol design. The platform undergoes rigorous security audits to ensure the integrity of its smart contracts and the protection of user assets. Additionally, Unbound Finance provides transparent and accessible documentation, enabling users to understand the inner workings of the protocol.
Information
Type
Automated Market Maker
Blockchain
Ethereum
Currency
UNB
Platform
Windows, macOS
Publisher
Unbound Team
Version
Version 2
FAQ
Unbound Finance utilizes smart contracts that enable users to lock their NFTs as collateral. By depositing their NFTs into the platform, users can access liquidity without needing to sell their assets. The locked NFTs serve as collateral for the borrowed funds.
Unbound Finance supports a wide range of NFTs across different blockchain networks. This includes popular NFT marketplaces such as Ethereum-based ERC721 and ERC1155 tokens. The platform aims to expand its compatibility to include NFTs from various blockchain ecosystems in the future.
Loan amounts and collateralization ratios on Unbound Finance can be customized by users based on their preferences and risk tolerance. Users have the flexibility to choose the appropriate collateralization ratio and loan-to-value (LTV) ratio when borrowing funds. These parameters determine the amount of borrowing capacity available to users.
Unbound Finance implements a liquidation mechanism to mitigate the risks associated with significant changes in the value of collateralized NFTs. If the collateralization ratio falls below a certain threshold due to price fluctuations, the protocol may automatically trigger liquidation. This helps protect the system and ensures the safety of the lender's funds.
Unbound Finance operates under a decentralized governance model, allowing token holders to participate in the decision-making process. Holders of the platform's native governance token can propose and vote on changes, upgrades, and protocol parameters. This community-driven governance structure ensures that platform users have a say in shaping the future of Unbound Finance and its development roadmap.
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