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Unbound Finance Will Soon Allow Stablecoin Borrowing Against Uniswap

admin by admin
April 3, 2023
Home Finance
Decentralized-finance platform Unbound Finance will launch its version 2 on the Arbitrum One mainnet on April 11, offering liquidity providers a chance to access higher returns by using their LP tokens as collateral for loans on Uniswap, developers told CoinDesk on Monday.
This makes Unbound V2 among the first protocols to offer collateralization of Uniswap V3 positions, making it easier for LPs to earn more from their capital. As of Monday, billions of dollars are supplied as liquidity to Uniswap from DeFi users, according the on-chain data.
With Unbound, Uniswap V3 LPs can borrow Unbound’s stablecoin, UND, interest-free, secured against their concentrated liquidity positions. 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.

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