Unbound Finance, which is also the ‘First-Ever-Debt-Free System for Liquidity Provisioning,’ working on creating a layer for aggregator over current AMMs, has partnered with Avalanche, a low-cost and environmentally friendly Blockchain, that will help in boosting and improving capital efficiency on Avalanche-based AMMs.
By using UND, cross-chain stablecoin, the cooperation will lead to inter-Blockchain operability and create further profit for the firm. The implementation of the Unbound protocol on the platform of Avalanche will provide network participants with additional revenue-generating potential.
Gandola Finance, Pangolin, YetiSwap, and other Avalanche LPs may now compound their existing income after collateralizing all the tokens of liquidity provisioning with Unbound so they can get interest-free crypto loans. By leveraging the assets created from Unbound to trade on the platform of DEXs, offer liquidity, and get complete access for staking without losing away the passive income.
Post collaboration, Unbound will successfully launch its own stablecoin UND on the platform of Avalanche. Furthermore, Unbound Finance governance token is used for trading purposes on the network.
The Total Value Locked (TVL) on prominent Avalanche-based DEXs currently is around $10.49 billion, with $2.04 billion locking on to Trader Joe’s and $413.01 million locked on Pangolin.
About Unbound Finance
Unbound Finance is a lending system built on Ethereum that utilizes the liquidity tool of Automated Market Makers in the form of collateral. Users get secure, permanent smart contracts and are not at risk of losing their collateral. Unbound now supports AMMs on Uniswap, Bancor, Curve.fi, and Mooniswap, among other multi-chain platforms.
Avalanche is the Blockchain industry’s programmable platform for smart contracts for decentralized systems, and it has the most Validator ensuring its activity of any proof-of-stake protocol, as measured by time-to-finality. It provides a transaction output of about 6,500 per second without sacrificing scalability. The unique architecture of Avalanche allows for this. The X-Chain, C-Chain, and P-Chain are the three blockchains that make up the Avalanche network.