Introducing: Unbound Finance x Pangolin Super Farm
Pangolin partners with Unbound Finance to help users earn double rewards and a boosted APR in their new Super Farm.
You can now farm UND-USDC LPs and earn double rewards in $UNB + $PNG on your deposited funds in the UND-USDC Super Farm!
Utility For LP Tokens
Unbound Finance is a decentralized, cross-chain protocol that provides DeFi users with creative yield enhancement technology. Unbound allows users to collateralize their otherwise idle LP tokens and mint their native stablecoin UND.
Interest-Free Loans in UND
The protocol locks your LP tokens and enables you to borrow interest-free crypto loans in the form of UND. UND is a decentralized, cross-chain, ERC-20 stablecoin that is soft-pegged to the U.S. dollar (USD).
Liquidation-free
Unbound does not employ a liquidation engine for stablecoin asset pairs and will not liquidate user collateral even during periods of extreme volatility. Instead, Unbound operates a SAFU fund, which will buffer users if their collateral value drops below a certain threshold.
Collateralize Your Pangolin LP Tokens
Through this collaboration, liquidity providers of Pangolin’s USDC-USDC.e and USDC-WETH.e pools can collateralize their LP tokens to borrow UND. Users will continue to earn yield accrued from their LP tokens during the process.
Additionally, users can stake the deposited LP tokens back in Pangolin’s USDC-WETH.e yield farming pool directly through the Unbound platform. Users can benefit from the LP mining incentives while their assets are locked as collateral.
Users can also add liquidity to the UND-USDC pool on Pangolin and earn Super Farm rewards in UNB and PNG on top of any other actions they may take.
Built for a Multichain Future
Unbound aims to improve the overall capital efficiency of the DeFi ecospace. It is currently live on Ethereum, Polygon, BNB Smart Chain, and Avalanche.
Through synthetic assets like UND stablecoin, Unbound unlocks the liquidity concentrated in DEXs and enables the easy flow of this liquidity from one chain to another without having to remove it.
Unbound’s unique architecture allows DeFi users to borrow perpetual, interest-free loans with no risk of liquidation to the underlying assets.
Key features of Unbound Finance:
- Liquidation-free liquidity provision system
- No-debt position when assets are minted
- Perpetual borrowing
- Factory Smart Contracts
- Decentralized, cross-chain UND stablecoin
- SAFU reserves
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.
About Pangolin Exchange
Pangolin a multichain decentralized cryptocurrency exchange (DEX) on the Avalanche Network. Through advanced tooling, deep liquidity, and smooth onboarding, Pangolin offers easy swaps and a great experience for projects and traders alike.