Unbound Finance Live on BNBChain — marks a significant milestone in the protocol’s quest to build a “composable, capital-efficient solution for the DeFi ecosystem”.
The launch will essentially expose the thriving Unbound community to the edges of the BNB smart chain’s open, permissionless, high-speed infrastructure and cross-chain DeFi mechanisms. They are building an optimized lending platform. That will enable DeFi capital providers to earn profits over and above their existing yield by leveraging the liquidity locked in AMM pools. Through this release, network users across various BNB Smart Chain-based Dexs can now benefit from the protocol’s innovative yield enhancement technology. Users will be able to acquire interest-free crypto loans with an infinite maturity and no risk of collateral liquidation. By borrowing against their LP tokens, users can mint additional funds to use in the form of UND stablecoin, while their collateralized assets continue to generate swap fees on the underlying liquidity pool. And now announcing Unbound Finance Live on BNBChain. To begin with, users can mint UND by collateralizing LP tokens of PancakeSwap’s BUS...