Unbound Finance Tech Roadmap For Q1 & Q2 2022

Published on: 10.02.2022

2021 has been a year of great challenges and triumphs with Unbound Finance. With the successful accomplishment of their milestones thus far, they are now ready to take the next steps forward. They are excited to lay out the waypoints for where the protocol is headed in the coming months.

In Q1 and Q2 of 2022, Unbound will primarily focus on releasing the mainnets on Polygon, Binance Smart Chain, Avalanche and Harmony networks followed by the Unbound testnets on Fantom, KCC, Tomochain, HECO and Klaytn. Thereafter, they propose to go live on the Fantom mainnet in quick succession. The launch of their mainnet on the aforementioned chains will be accompanied by significant partnerships with multiple AMMs across these blockchains. LPs of the partnered AMMs will be able to collateralize their LPTs to loan UND stablecoin. The details of Unbound’s Technological Roadmap for the first and second quarters of 2022 are as follows:

January
$UNB on-chain staking on Binance Smart Chain and Ethereum (Launched)

In addition to the above plan, they are also sprinting towards achieving the following series of project development phases during the latter parts of 2022.

Unbound Finance is an Ethereum based lending protocol that uses the liquidity of Automated Market Makers as collateral. Users are bound by highly secured, perpetual smart contracts and are free from the risk of their collateral being liquidated. Currently Unbound supports AMMs across various multi-chain platforms like Uniswap, Curve.fi, Bancor and Mooniswap.

Key features highlighting Unbound’s foundation include

  • Liquidation-free liquidity provision system
  • Creating a no debt position when assets are minted
  • Perpetual borrowing
  • Factory Smart Contracts
  • Decentralized, cross-chain stablecoin UND
  • Minting synthetic assets like uETH
  • SAFU reserves

 

SOURCE: 
Unbound Finance

Market Stats:
BTC Dominance: 53.41%(-0.10%/24h)
ETH Dominance: 16.4%(+0.19%/24h)
Defi Market Cap: $86.37B(-14.84%/24h)
Total Market Cap: $2319.79B(-2.25%/24h)
Total Trading Volume 24h: $60.71B(-22.17%/24h)
ETH Market Cap: $380.54B
Defi to ETH Ratio: 22.7%
Defi Dominance: 3.54%
Altcoin Market Cap: $1080.74B
Altcoin Volume 24h: $37.28B
Total Cryptocurrencies: 29436
Active Cryptocurrencies: 9843
Active Market Pairs: 82434
Active Exchanges: 754
Total Exchanges: 8388
BTC: 62940.28$(0.09%/1H)
ETH: 3118.4$(0.3%/1H)
AVAX: 34.11$(0.19%/1H)
BNB: 594.07$(0.11%/1H)
MATIC: 0.7$(0.12%/1H)
FTM: 0.69$(-0.22%/1H)
ADA: 0.45$(0.12%/1H)
DOT: 6.66$(0.12%/1H)
UNI: 7.64$(-0.5%/1H)
CAKE: 2.72$(0.1%/1H)
SUSHI: 1.02$(0.23%/1H)
ONE: 0.02$(0.06%/1H)