Unbound Dollar

Unbound Dollar (UNB) is the native cryptocurrency of Unbound Finance. The token is available on ERC-20 and BEP-20 architectures, which means UNB is compatible with Ethereum and Binance Smart Chain networks. Unbound Finance is a blockchain-based decentralized protocol that focuses on unlocking the locked funds in decentralized finance (DeFi). The protocol aims to build a layer of automated market makers (AMM) and compatible products for the DeFi ecosystem. 

An AMM is a protocol that automates the pricing of digital assets on decentralized exchanges (DEX) using mathematical formulas. Apart from the AMM layer, Unbound Finance aims to build synthetic assets, oracle price feeds, and financial instruments for compounding margin trades and yield farming. A yield or liquidity farm is a pool where crypto holders can stake their tokens in return for rewards. Unbound Finance seeks to allow users to stake liquidity pool tokens to create synthetic assets that enhance the network's liquidity. 

According to the whitepaper, Unbound Finance seeks to add an additional treasury layer on top of AMM protocol on DEXes that issues a decentralized receipt for user funds in the liquidity pool. Likewise, the platform aims to build a debt-free ecosystem, where users will have a lower risk in providing liquidity. Unbound Finance issues UND for the staked liquidity pool tokens, which the users can redeem once the platform unlocks the staked digital assets.

The platform burns UND tokens collected as fees during the unlocking process, permanently removing them from circulation. Moreover, participants of the liquidity pool are rewarded UNB tokens for locking their funds. The UNB token functions as a governance token for the Unbound Finance protocol. UNB holders can participate in the decision-making process of the platform by voting on proposals, changes, and implementation. 

Unbound Finance was founded in March 2020 by Tarun Jaswani, the CEO of the platform. Jaswani has more than 21 years of experience building digital ad networks, virtual reality (VR), and blockchain. Apart from Jaswani, Unbound is led by CMO Pratik Oswal, a mathematician and engineering specialist who has advised several blockchain projects. The UNB token has a maximum total supply of 10 billion, 25% of which is reserved for the development team.