Unbound Finance has raised $5.8 million in its first round of funding from the great investors including Pantera Capital and Michael Arrington’s XRP Capital to support the firm and become the first ever decentralized cross-chain stablecoin.
Unbound is aiming to create capital efficient products that are both native and composable to the DeFi ecosystem. The liquidation-free collateralization platform allows users to borrow interest free loans against liquidity pool tokens as collateral. Through strategic partnerships, the project is building native bridges to allow cross chain transfers of its stablecoin and other synthetic assets.
It makes them proud to be backed by leading venture capalists in the blockchain ecosystem including Pantera Capital, Arrington XRP Capital, CMS Holdings, Hashed, LedgerPrime, LD Capital, TRGC, ArkStream Capital, ZeePrime Capital, Future Perfect Ventures, Brilliance Ventures, Woodstock, Coin98 Ventures & GenBlock Digital to name a few.
About Unbound Finance
Unbound Finance is the DeFi treasury for liquidity pool tokens and enables unlocking from existing AMM pools. Unbound is building the cross-chain composite layer of AMM with ‘First-Ever-Debt-Free Liquidity Provision System’. The protocol charges no interest and it’s liquidation free. The Unbound Factory smart contract supports AMM across multi-chain EVM networks like UniSwap, Balancer, PancakeSwap, SushiSwap, Bancor, Curve.fi, etc.
About Pantera Capital
Pantera launched the first cryptocurrency fund in the U.S. when bitcoin was at $65 /BTC in 2013. The firm subsequently launched the first blockchain-focused venture fund. Pantera co-CIO Joey Krug co-founded Augur, one of the first decentralized applications built on Ethereum. In 2017, Pantera was the first to offer an early-stage token fund. The firm’s history of investing in early disruptions extends beyond digital assets. Pantera’s principal investment in the two years before Bitcoin was Tesla.
About Arrington XRP Capital
Arrington XRP Capital is a digital asset management firm in blockchain-based capital markets.