Unbound Finance Announces Partnership with Pangolin
Unbound collaborative partnership with Pangolin, to open new frontiers of cross-chain yield generation for Pangolin based liquidity providers. A community-driven DEX, Pangolin offers fast settlement, low transaction fees and a democratic distribution structure built on Avalanche.
Live on Ethereum, Polygon and BNB Smart Chain. Unbound is an optimized lending protocol dedicated towards improving the overall capital efficiency of the DeFi ecosystem. Through synthetic assets like UND stablecoin, Unbound aims to unlock the liquidity concentrated in DeFi DEXs and enable the easy flow of this liquidity from one chain to another without physically removing it. Also, Unbound’s unique architecture enables DeFi users to borrow perpetual, interest-free loans with no risk of liquidation to the underlying assets.
Finally, The integration of Unbound & Pangolin is a step forward as the platform gears towards its upcoming release on the Avalanche mainnet on 28th July 2022. Through this collaboration, Unbound will enable liquidity providers of Pangolin’s USDC-USDC.e and USDC-WETH.e pools to collateralize their idle LP tokens to borrow UND. In doing so, users will continue to earn passive income from liquidity provisioning to the underlying pools.
Additionally, the protocol will enable users to stake the deposited LP tokens back in Pangolin’s USDC-WETH.e yield farming pool directly through the Unbound platform. Thus despite their assets being locked as collateral, users will benefit from the LP mining incentives offered by the DEX.
Next, users will be able to maximize their yield by using the minted UND to add liquidity to the UND-USDC pool on Pangolin. The partnership will also provide support for the UND-USDC farming pool which will further enable high yield rewards for the users.
About Pangolin Exchange
Pangolin a multichain decentralized cryptocurrency exchange (DEX) on the Avalanche Network. Through advanced tooling, deep liquidity, & smooth onboarding, Pangolin offers easy swaps & great experience for projects & traders alike.
About Unbound Finance
Unbound Finance is an Ethereum based cross-chain lending protocol that uses the liquidity of Automated Market Makers as collateral. Users are bound by highly secure, perpetual smart contracts & are free from the risk of their collateral being liquidate. Currently Unbound supports AMMs across various multi-chain platforms like Uniswap, PancakeSwap, QuickSwap etc.