Unbound Finance, founded by Tarun Jaswani, is a decentralized lending protocol on the DeFi market that allows users to borrow synthetic asset loans by pledging interest-bearing tokens with zero interest. It's designed to improve capital efficiency in the DeFi ecosystem by unlocking liquidity and facilitating its flow across different chains. The platform supports the collateralization of Uniswap v3 positions and provides liquidity to AMM LP tokens, issuing its own UND stablecoin. The ecosystem uses two tokens: UND, a decentralized cross-chain stablecoin backed by user-provided collateral, and UNB, a governance token. UNB token holders can influence key protocol decisions, such as setting borrowing rates, modifying parameters, and managing asset collateralization. Unbound Finance aims to revolutionize DeFi by enabling the use of concentrated liquidity positions and LP Tokens as collateral for borrowing, with its native tokens playing crucial roles in governance and functionality.
