With UnboundFinance, Uniswap V3 LPs can borrow Unbound’s stablecoin, UND, interest-free, secured against their concentrated liquidity positions starting April 11. By shauryamalwa
This feature allows users to continually earn rewards from Uniswap while being able to take out loans – which can be used for other DeFi applications.
Unbound version 2 has been running successfully on the Ethereum Goerli network testnet since October 2022. In addition to Uniswap V3 positions, Unbound is also expanding collateral support to LP tokens of relatively volatile asset pools, such as WETH-DAI. The version 2, however, will introduce price stability mechanisms that automatically liquidate or redeem loaned positions to ensure UND’s value remains stable and closely aligned with its intended $1 peg.