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Unbound Partnership With DFYN

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Firstly, Unbound partnership with DFYN, to introduce new avenues of yield for DeFi users across the Polygon network.

As the decentralized financial services compete to come at par with traditional finance, there is all the more need to work towards improving the capital efficiency of the DeFi ecosystem. Unbound Finance, aims to unlock the liquidity trapped in AMM DEXs and enable the flow of this liquidity across chains.

Popularly known as the gasless, multi-chain AMM, DFYN is one of the leading DEXs on Polygon that accelerates cross-chain operability and improves efficiency and price discovery by preventing liquidity fragmentation across supported blockchains. By exploiting the synergies between the two protocols, Unbound aims to make revenue opportunities more accessible, thereby raising the potential of DeFi users to grow their yield.

What to look forward to in this partnership?

As a part of this integration, liquidity providers of DFYN’s USDC/USDT pool will initially be able to collateralize their LP tokens to borrow stablecoin loans of up to 80% collateral value at Unbound. To begin with, loans will be give out in $UND. Unbound’s native stablecoin, at zero interest and no risk of collateral liquidation. In doing so, LPs will continue to earn their passive DeFi earnings from liquidity provisioning to the original DFYN pool.

Further, by leveraging the Unbound platform, users will be able to stake collateralized LP back in DFYN’s USDC/USDT pool. Thus, despite locking up their assets at Unbound, users can benefit from yield farming opportunities offered by the DFYN protocol.

Additionally, the collaboration of Unbound with DFYN will enable support for the UND/USDC pool on DFYN, incentivizing users with lucrative rewards in the platform’s native token, $DFYN, for adding liquidity to the pool. This will effectively lead to amplified gains and greater capital efficiency for the users.

About DFYN

DFYN is a multi-chain AMM DEX that is building to be an inter-connected AMM with nodes spread on different blockchains and those AMMs will be able to share liquidity and enable cross-chain swaps. Building a thriving multi-chain ecosystem, mission of DFYN is to onboard crypto users into the DeFi world. DFYN a true multi-chain AMM optimized for the cross-chain universe.

Website | Twitter |

About Unbound Finance

Unbound Finance is an Ethereum-based lending protocol that uses the liquidity of Automated Market Makers (AMM) 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.

Website Twitter |

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