Unbound Finance x Satoshi Club AMA Recap from the 15th of December

Unbound Finance x Satoshi Club AMA Recap from the 15th of December

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Unbound Finance and our guest was . The AMA took place on the 15th of December.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Gold Rocket | Satoshi Club

Greetings again, dear Satoshi Club community! We are pleased to announce AMA with Unbound Finance

Gold Rocket | Satoshi Club

Today our guest is @myra_ag

Jonah 🏅🎹 | Satoshi Club

Hello Satoshiclubers another AMA is about to begin.. our guest is

@myra_ag

Si

Hello dear community members, its a pleasure to be here today

Gold Rocket | Satoshi Club

and with Unbound Finance we plan to complete today’s AMA marathon of 8 most wonderful AMA

Jonah 🏅🎹 | Satoshi Club

Hello , nice to have you here

Si

Thank you

Jonah 🏅🎹 | Satoshi Club

How are you doing?

Gold Rocket | Satoshi Club

We are really excited about upcoming AMA with you we hope you are prepared some surprises for Satoshi Clubbers

Si

Oh, I am doing great, thank you

Si

Ah thats for sure

Gold Rocket | Satoshi Club

Let’s start! Introduce yourself please. How did you get to be involved in crypto &  Unbound Finance

Tell us please about your position in Unbound Finance

Si

I am Shweta Agarwal, Business Development Manager at Unbound. I have previously worked as a data analyst and software developer with some of the best companies in India. I have pursued my Masters’s degree in Business Administration. I have a special liking for mathematics and have earned a few awards in this category. The growing hype around the blockchain industry quickly caught my attention and I started my career in DeFi with Unbound. It gives me immense pleasure to be a part of Unbound Finance, a truly incredible, revolutionary DeFi project.

Jonah 🏅🎹 | Satoshi Club

Great

Gold Rocket | Satoshi Club

Great experience

Gold Rocket | Satoshi Club

Give us a brief introduction to the project. What is the essence of Unbound Finance

Si

Unbound Finance is a decentralized cross-chain liquidity protocol, building an ecosystem of composable, DeFi-native derivatives from AMMs on Ethereum and other blockchains. Unbound will offer a suite of products to unlock liquidity from a diversity of AMMs on different blockchains, including synthetic assets collateralized by liquidity provider tokens (LPTs), new liquidity pools cross-derived from multiple AMMs, financial instruments to compound yields and returns, and more.

Si

The main intent of Unbound is to make the entire DeFi space a lot more capital efficient than it already is.

Gold Rocket | Satoshi Club

Tell us about the benefits of Unbound Finance. How is it different from others?

Si

The protocol is characterized by several unique features, some of which include:

Get Liquidity Without Removing Assets From Liquidity Pool: Users can keep their liquidity on a DEX in a liquidity pool and still have additional stablecoins to trade on different AMMs. For example, if a user has $10,000 locked in the $USDT-$USDC pool on Uniswap, that user can lock up their LPTs on Unbound and mint stable coins ($UND) worth $8,000 on BSC to trade on PancakeSwap while the users liquidity is still on Uniswap thereby enjoying the benefits of fee on Uniswap and having enough liquidity to trade on PancakeSwap. This way Unbound will be able to move liquidity from AMMs across different chains to PancakeSwap and vice versa without physically removing liquidity.similarly, we support different AMMs across Ethereum, Polygon, BSC, Harmony and many others are in the process like OKEx chain, Klaytn, HECO Chain, Solana, etc.

Si

Debt-Free Borrowing: The protocol charges no interest on loans taken out by the liquidity providers. To redeem their loan, they simply repay the amount of UND or uETH they borrowed to retrieve their collateral (i.e. their LP tokens).

Si

Liquidation-free Collateralization: Unbound completely blends the liquidation engine seen with more collateralized lending platforms. As a result, users do not need to be concerned about the potential liquidation of their collateral.Instead, Unbound uses SAFU, an emergency insurance fund, to secure the collateralized assets of borrowers during so-called ‘black swan’ events.

Jonah 🏅🎹 | Satoshi Club

This is impressive.. I’m sure we will get to find out more about this in detail..

Si

Perpetual Borrowing: At Unbound, loans have no fixed repayment deadline. Users can unlock their collateralized assets any time by paying back the outstanding debt — without any restrictions.

Si

The UND Stablecoin: Unbound Finance’s first product is the cross-chain, decentralized stablecoin known as UND. It is an ERC-20 token soft-pegged to the US dollar and backed by user deposits.

Si

Definitely

Gold Rocket | Satoshi Club

it is truly unique what you offer. and the market needs such end-to-end solutions for business and single user

Gold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Si

All set

Jonah 🏅🎹 | Satoshi Club

Q1 from Telegram User @RamseyGold

In DeFi, financial attacks on business logic and code are a feature and need special attention. There are no deadline on loan repayment and users can pay back loans anytime and unlock LPTs. What are the security features put in place to ensure that borrowers pay back loans? Is there any form of KYC a user must undergo to be eligeable for borrowing? What benefits do you get for lending without interest?

Si

LPs across various AMMs receive LPTs for providing liquidity to the AMM liquidity pools. Unbound requires its users to lock these LPTs as collateral and in return issue interest free loans in the form of synthetic assets including UND stablecoin and uETH. Unbound offers its users the freedom to repay the loan anytime without any restriction. As a security, Unbound unlocks user collateral only upon the repayment of these borrowed funds. Further, the amount of collateral to be unlocked is calculated based on the CR ratio and the funds returned.

Si

Unbound being a decentralized platform does not require its users to undergo any kind of KYC for borrowing.

Si

Unbound charges no interest on the loan borrowed. Instead, it charges a minimum minting fee at the time of minting of UND. This minting fee acts helps to provide stability for the ecosystem and will remain variable to help UND maintain its dollar peg.

Gold Rocket | Satoshi Club

Well.. it’s really sounds good

Jonah 🏅🎹 | Satoshi Club

What is the minimum minting fee at this moment is it bound to change?

Gold Rocket | Satoshi Club

please share your roadmap with us by the way

Si

Yes, this minting fee is variable. Currently it is 0.06%

Si

You can view the roadmap here: https://docs.unbound.finance/documentation/whitepaper/roadmap

Jonah 🏅🎹 | Satoshi Club

Thank you for sharing

Gold Rocket | Satoshi Club

Thanks for your great answers

Gold Rocket | Satoshi Club

Ready to proceed to the next question?

Si

sure

Jonah 🏅🎹 | Satoshi Club

Q2 from Telegram User @Billz120

Inbound Finance- (Unbound Pre-Public Investors Token Claiming Dashboard) I understand that the TGE and Listing of UNB will take place today 14th December,2021 at 13:00 UTC being today. And Trading will Commence on Huobi, Kucoin and PancakeSwap followed by listing on Multiple centralized and decentralized exchanges. Could you please tell us with the much-awaited launch of Inbound’s Native governance Token $UNB via initial exchange offering on Huobi, did you meet up with your liquidity target? What is the maximum asset a person is allowed to hodl under your ecosystem? Are there any minimum unit of asset of $UNB token to hodl and what are the minimum? Finally, could you please detail us about your reward structure and tokenomics?

Si

In early November, we went live on the Ethereum mainnet with an initial minting limit of $10 million.

Si

We will soon be releasing our mainnet on other EVM chains, taking measured steps to finally meet our liquidity target.

Si

There is no minimum limit on the asset that a person can HODL at Unbound.

Si

Also, we do not have a reward structure at Unbound.

Si

You can read our whitepaper for details regarding our tokenomics :

https://docs.unbound.finance/documentation/whitepaper#tokenomics

Si

Also would like to make a correction in the minting fee. its 0.6%. Sorry, a typing error

Jonah 🏅🎹 | Satoshi Club

What other chains do you have planned out for this..

Jonah 🏅🎹 | Satoshi Club

Noted…

Gold Rocket | Satoshi Club

Thanks for your great answers

Gold Rocket | Satoshi Club

Ready for the next question?

Gold Rocket | Satoshi Club

Or you want to add something?

Si

We are soon planning to go live on the mainnet on Polygon, BSC, Harmony and Avalanche chains. https://twitter.com/unboundfinance/status/1471069367546769414?s=20

Si

Stay tuned on our official channels for more updates

Si

Twitter : https://twitter.com/unboundfinance

Unbound Global – https://t.me/unboundfinance

Unbound Announcement – https://t.me/UnboundAnnouncements

Unbound Vietnam – https://t.me/unboundfinancevietnam

Unbound China – https://t.me/Unboundchina

Unbound Indonesia – https://t.me/unboundIndonesia

Unbound Korea – https://t.me/unboundkorea

Medium : https://unboundfinance.medium.com/

Instagram : https://www.instagram.com/unboundfinance/

Jonah 🏅🎹 | Satoshi Club

Ready now?

Gold Rocket | Satoshi Club

Thanks for sharing

Si

yes

Jonah 🏅🎹 | Satoshi Club

Q3 from Telegram User @chinyere2020

I found out that the Unbound Finance ecosystem is currently live on ETH Mainnet, BSC Testnet, Harmony Testnet, V3 Testnet, Polygon Testnet and Avalanche Testnet. Can you give more information about your ongoing testnets? How can users participate in the ongoing testnets? Are there any minimum requirements that users must meet to be able to be involved in the ongoing testnets? Do you have any guide that users can refer to in the case of any confusion concerning the testnets? Is there any form of incentive setup to encourage users to participate in these testnets?

Si

Yes, you are all welcome to come and try our testnets and also our Ethereum mainnet using the links below:

Si

Ethereum mainnet : https://app.unbound.finance/

Polygon testnet : https://app.unbound.finance/

Harmony testnet : https://app.unbound.finance/mint

BSC testnet : https://app.unbound.finance/mint

Avalanche testnet : https://app.unbound.finance/mint

V3 testnet : https://v3.unbound.finance/

Si

Well, Users at Unbound are not required to meet any minimum for using our testnets

Si

Our testnets offer the users a hands-on experience about the functioning of the platform before they start investing real funds in the protocol.

Jonah 🏅🎹 | Satoshi Club

So in other words it is totally free without restrictions

Si

As such, we do not incentivize our users for participating in the testnets.

Si

Yes, no restrictions at all

Jonah 🏅🎹 | Satoshi Club

This is impressive..

Si

We have created guides for our users. You can check out the GUIDE section of our whitepaper for assistance in using our testnets:

https://docs.unbound.finance/guides

Gold Rocket | Satoshi Club

Amazing

Jonah 🏅🎹 | Satoshi Club

Here is where to go to satochiclubbers

Gold Rocket | Satoshi Club

thank you very much for taking care of the newbies

Si

We would love to welcome all the members to be a part of the Unbound family

Gold Rocket | Satoshi Club

Very detailed and excellent answer

Gold Rocket | Satoshi Club

Thanks

Gold Rocket | Satoshi Club

Let’s proceed to the next question if you don’t mind

Si

Yes, definitely

Jonah 🏅🎹 | Satoshi Club

Q4 from Telegram User @kimzyemma

Among the partnership you have made so far or you plan to make, I could sight ENJIN which offers a suite of integrated products that make non-fungible tokens (NFTs) easy for individuals, businesses, and developers.since there is no sign of creating NFTs in your webite, can you brief us why you make partnership with them? In what way will the partnership serve as a support for your project? One of their use cases is also to enable users to manage and store virtual goods for games, I want to ask is there any plan probably in the future to create online/virtual game?

Si

Enjin has been our supporter since the very beginning.

Si

Yield farmers can use liquidity pool tokens created from providing liquidity to AMMs as collateral on the Unbound platform to borrow Unbound’s native decentralized, cross-chain stablecoin UND.

Si

This UND can then be used to purchase NFTs on the Efinity network in days to come.

Gold Rocket | Satoshi Club

you’re in luck with supporters

Si

Enjin has been working alongside Unbound since its launch, and UND is stated to be among the first decentralized stablecoins on Efinity, Enjin’s upcoming cross-chain network that will support NFTs from any blockchain.

Si

That we are. We are backed by some of the notable VCs and Angel investors from the blockchain industry

Si

As with the games, currently we have no such plan of creating virtual/online games.

Gold Rocket | Satoshi Club

This is not surprising if they know what amount of services you can offer.

Si

Besides, speaking of NFTs, Unbound has some rare and exclusive NFTs for our members. So make sure to participate in our contests and airdrops

Si

So true.

Jonah 🏅🎹 | Satoshi Club

Awesome opportunity here guys

Gold Rocket | Satoshi Club

Don’t forget to share with Satoshi Clubbers

Si

Please stay tuned on our official channels to grab a few NFTs

Gold Rocket | Satoshi Club

Tell us a bit about your team which helps bring your project to life.

Si

We at Unbound are believers that a dedicated team leads to a successful project and we are lucky to have one

Si

Sinece the inception of Unbound, our team is working towards successful milestone achievements.

Jonah 🏅🎹 | Satoshi Club

How many are you on the team?

Gold Rocket | Satoshi Club

Since the community is the engine of the project, the team is the brain. who is in the core of the team?

Si

Although most of our team works from behind the curtain, I would like to introduce you all to our key members are as follows:

Si

We started with only a handful but have now grown in numbers

Si

Founder and CEO, Tarun Jaswani : Tarun is a developer, technologist and entrepreneur. He has an experience of 21 years in Digital Ad Networks, VR and Blockchain. He started building Unbond Finance in March 2020 when only 200 million were locked in 3-4 AMMs in the space.  Once he realized the importance of AMMs and how it is a new iteration in value discovery, it was all about building a derivative layer that could make the space capital efficient. Unbound was one of the few projects that had Proof Of Concept before the whitepaper or the domain name was registered and each investor was brought on after the working product demo.

Si

CMO, Pratik Oswal: Pratik is the founder of IQube. He is ranked amongst the top 4% of the highest IQ in the world by Mensa. He has authored 7 books on Mathematics which are currently being used by over 100,000 students in over 300 schools across India setting the first syllabus in India on IQ. He is an Engineering gold medallist in the field of Electronics and Telecommunication and is currently pursuing Masters in Economics. He has been actively studying blockchain since 2016 and has worked closely with several projects in the space.

He has a passion for Fundamental and Technical analysis and was heading the Technical Analysisection of AltcoinBuzz which is a leading crypto centric media house. He has written over 190 articles for Altcoin Buzz on Fundamental and Technical Analysis of over 100 projects. He was upgraded to Binance Affiliates status.

Gold Rocket | Satoshi Club

Real dream team

Jonah 🏅🎹 | Satoshi Club

A very impressive team

Si

It is thanks

Gold Rocket | Satoshi Club

you’re lucky! it’s happiness to work in such a team

Si

Community members could be a part of our Ambassador program to further be a part of the team

Si

Its a dream come true

Gold Rocket | Satoshi Club

Don’t miss great opportunity Satoshi Club

Gold Rocket | Satoshi Club

how can they join?

Si

You can find the details here:

Si

https://unboundfinance.medium.com/introducing-the-unbound-telegram-ambassador-program-4892cab0ac86

Gold Rocket | Satoshi Club

Pay attention Satoshi Club

Jonah 🏅🎹 | Satoshi Club

Thanks for sharing

Gold Rocket | Satoshi Club

Let’s proceed to the next question

Jonah 🏅🎹 | Satoshi Club

Q5 From Telegram user @Ask4unik

The UND is a stablecoin that is pegged to USD and collateralized by LPT (Liquidity Pool Tokens). The value of UND minted is based on the value of the deposited LPT.currently can you tell us the available amount of UND that has been minted? what’s the duration an LPT can remain locked in the liquidity pool before unlocking? When it comes to liquidity pool, are there certain amounts that has to be locked in that will determine the value of LPT that would be unlocked? please tell us thanks

Si

We went live on the Ethereum mainnet with an initial minting limit of $10million

Si

There is no duration on the locking up of the LPT before using it as collateral

Si

Also there is no minimum amount that needs to be locked for the LPT to be used as collateral at Unbound

Si

LPs can directly deposit any amount of LPTs as collateral with Unbound and in return mint UND

Si

This UND when repaid unlocks the user collateral

Jonah 🏅🎹 | Satoshi Club

This is quite simple and clear

Si

Yes

Jonah 🏅🎹 | Satoshi Club

Will you go beyond this?

Gold Rocket | Satoshi Club

well thought-out mechanism! it is immediately clear what has been done by the mathematician

Si

We partnered with Kyber DMM as the first venue for UND liquidity and in a very short time post our mainnet launch on Ethereum we reached our milestone of 10Million TVL in UND pool

Jonah 🏅🎹 | Satoshi Club

Oh I get it now..

Jonah 🏅🎹 | Satoshi Club

Thanks for your Answers..

Gold Rocket | Satoshi Club

Many thanks

Si

Glad I could do justice to all of them

Gold Rocket | Satoshi Club

Let’s proceed?

Jonah 🏅🎹 | Satoshi Club

Q6 From Telegram user @thisitoyin

I saw that On the 13th of December, Unbound announced winners of the whitelist, and directed them to complete A KYC and that winners can visit Polkastarter on 13th December to swap their $BNB for $UNB as at 16:00 UTC. $250 worth of BNB was the maximum amount for swapping, please, i would like to know, would the said $250 maximum amount of BNB also apply for public sales Participants who also wanna swap Their $BNB for $UNB But wasn’t among your whitelist winners? WHAT is the minimum amount to which small investors can swap to be part of this great Journey to the moon? And please, in the case of withdrawals of The $UNB, would there also be a maximum withdrawal Cap attached? If yes, what would it be? Thank you

Si

sure

Si

The allocation of $250 was applicable only for the winners of the IDO whitelist which was further allocated on first come first serve basis. As for the maximum cap on withdrawals, you can view the vesting schedule here:

Si

https://docs.unbound.finance/documentation/whitepaper/tokenomics#vesting-schedule

Gold Rocket | Satoshi Club

Thanks a lot for the answers

Si

My pleasure

Jonah 🏅🎹 | Satoshi Club

This is the first project I see with allocation for friends and family..

Gold Rocket | Satoshi Club

This was the amazing first part of AMA.

Si

They all deserve it

Jonah 🏅🎹 | Satoshi Club

Sure… Family is everything

Gold Rocket | Satoshi Club

Now get ready for the most impressive part of our AMA! Live with our community

Si

agreed

Jonah 🏅🎹 | Satoshi Club

The storm is coming..

Si

Pretty excited

Part 2 — live questions from the Telegram community

Q1 from Telegram user @hmdtadel

Is there a way that your platform could help reduce the risk of tokens getting liquidated ??

Si

Unbound completely blends the liquidation engine seen with more collateralized lending platforms. As a result, users do not need to be concerned about the potential liquidation of their collateral. The LPTs that you lock with Unbound won’t be liquidated. LPTs are way more stable than a single crypto asset since LPTs that we whitelist will consist of 50% stable coin. We have a simulation of how we enable no liquidation even after considering impermanent loss along with our break-even formulae on our whitepaper. Feel free to go through it.
https://docs.unbound.finance/no-liquidations-in-unbound-explained
https://docs.unbound.finance/simulating-impermanent-loss
Besides, Unbound deploys 40% of the minting fee to SAFU, an emergency reserve, to safeguard user assets in case of blackswan events.

Q2 from Telegram user @alicandogan9

How does a project like Unbound Finance generate revenue? Do you charge entry fees from your users or do you charge for Unbound Finance products?

Si

Unbound charges a 0.6% minting fee whenever someone locks up their liquidity pool tokens and mints UND (Stablecoin). 20% (0.12%) of this fee goes to Unbound. We are targeting the $40 billion AMM market at present. As per our projections, the AMM (DEX) space will be at a $300 billion valuation in the next 3 years. If we can capture 5% of this liquidity in 3 years, we can lock up $15 billion from AMMs across multiple chains in Unbound. At an average 50% Loan-to-value, that would issue $7.5 billion worth of UND generating a total fee of $45 million. Of this $45 million, $9 million would be parked with Unbound. This is considering a single transaction. Considering an average of 10 transactions by users (locking and unlocking) over 3 years, this fee would go up to $90 million.
At 10% market capture, this fee goes up to $180 million.
At 15% market capture, this fee goes up to $270 million.
At 1% market capture, this fee goes up to $18 million.
Apart from this, 40% of the minting fee will be deployed in SAFU funds which would be used for Liquidity Mining.

Q3 from Telegram user @MOONB0Y

What is UND stablecoin going to be used for ? and what is it backed by ??

Si

We are tying up multiple DEXs and platforms for the adoption of UND through liquidity mining. We are also building an asset management protocol and a micro tasks platform that would enable further use cases.
We also have an earn feature where if you add UND to our supporting pools you will be able to earn up to 40% of the minting fees.
Besides UND being a cross-chain stablecoin will be pivotal in inter blockchain operability and profitability. It is backed by user liquidity and is pegged to the US dollar

Q4 from Telegram user @hotvempire

I read that Unbound uses SAFU, an emergency insurance fund, to insure borrowers’ collateralized assets during so-called “black swan” events. How does SAFU work? What benefits does SAFU offer?

Si

Secure Asset Fund For Users (SAFU) is an emergency insurance fund created with a view to secure the collateralized assets of the borrower during blackswan events.The funds for maintaining SAFU comes from the minting fees charged to the users for borrowing UND loans.
The fund will never run a deficit and grow continuously as a percentage of all the minting fees are allocated to it. This creates a continuous buying pressure on UND and helps maintain the dollar peg value. The portion of minting fees allocated to SAFU fund is initially set to 40%. This allocation is not fixed and can change as the system becomes autonomous.

Q5 from Telegram user @SHELBYWINAMA

Most people will be interested in joining the project platform because of the advantages and competitive advantages that the project has. So Can you tell people what are the competitive advantages and advantages that UNBOUND has? and are you sure that the benefits and advantages of the UNBOUND project are not shared by other projects?

Si

Two of the prime features of Unbound which distinguishes us from any other project is-
Debt-free borrowing. You can borrow our decentralised cross-chain stable coin UND without any interest by locking your Liquidity Pool Tokens(LPT).
No Liquidation. The LPTs that you lock with Unbound won’t be liquidated. LPTs are way more stable than a single crypto asset since LPTs that we whitelist will consist of 50% stable coin. We have a simulation of how we enable no liquidation even after considering impermanent loss along with our break-even formulae on our whitepaper. Feel free to go through it.
https://docs.unbound.finance/no-liquidations-in-unbound-explained
https://docs.unbound.finance/simulating-impermanent-loss
Besides, Unbound deploys 40% of the minting fee to SAFU, an emergency reserve, to safeguard user assets in case of blackswan events.

Q6 from Telegram user @princessmaine

What are your plans for worldwide expansion? Which market are you now focusing on, or are you constructing and expanding in order to win consumers, users, and partners?

Si

We have put immense effort into building our community. We understand that technology and adoption are extremely important for the success of any project. Keeping this in mind, we have onboarded Angels, VCs, Influencers, PR firms and Community Leaders from different geographies. In order to build our community, we have elaborated on the approach below.

Every DeFi project eventually caters to a global audience and we have taken special efforts to have participation on our cap table from around the globe. We are building our community through various social media channels like Twitter, Telegram, Instagram and Youtube. We have also implemented various other community building activities like AMAs, airdrops, contests and events across various Twitter and Telegram channels including contests, giveaways, ambassador program, weekly games, polls, lottery draws, etc. Our efforts so far have been fruitful and we already have a strong community of nearly 150k on Twitter, and over 50k on Telegram.
We also have separate native language communities in China, Vietnam, Indonesia and Korea :

Unbound Vietnam – https://t.me/unboundfinancevietnam
Unbound China – https://t.me/Unboundchina
Unbound Indonesia – https://t.me/unboundIndonesia
Unbound Korea – https://t.me/unboundkorea

Q7 from Telegram user @Ratash97

I want to know what is the dead line on the payback of loans ?

Si

One of the key features of Unbound is perpetual borrowing. That is the user can repay the loan anytime without any restriction by paying a part or the complete loan amount. The amount of collateral unlocked will depend upon the CR ratio and the funds repaid. The UND paid back is then burnt and the underlying collateral is unlocked

Q8 from Telegram user @isabella_blackk

Do your community or $UNB token holders have a say in the management of Unbound Finance? Does Unbound Finance have a plan to create a DAO and $UNB token is a management token of Unbound Finance?

Si

Yes, UNB will be the governance token for Unbound and holders of UNB will be active members of the DAO and will be able to vote on all protocol changes, whitelist pools for UND minting and set Loan to Value parameters.

a. UNB will be live on multiple chains like Ethereum, Polygon, Binance Smart Chain and Harmony and later on Solana, KCC, HECO, OKEx chain and Kalytn.

b. UNB will be listed on multiple DEX like Uniswap, Balancer, PancakeSwap, Quickswap, Curve, DFYN, Kyber DMM, etc where UNB pools will be rewarded with Yield farming rewards of governance tokens of partner DEXs. (20 Partnerships signed).

c. We will be launching UNB pools with all our partners. Users adding liquidity to UNB pools will be rewarded with yield tokens of our partner platform against which we will whitelist their tokens LPs to mint UND.

d. As seen on multiple governance tokens like UNI, SUSHI, BAL, CRV, QUICK, etc. the higher the TVL gets locked in our system, the higher will the price of UNB be.

e. We will be coming up with prediction markets for UNB and a part of the fee will be used to buy back UNB and burn it.

f. Lottery draws where people will participate by locking UNB and a portion of the collected UNB will be rewarded to winners and the remaining will be burnt.

g. Buy back and burn options for UNB.

h. Liquidity Pool Tokens of Uniswap V3 will be locked up in DeFiEdge for Decentralized hedge fund management. These LPTs will by default be added to the TVL of Unbound thereby adding more TVL and higher TVL would drive the price of UNB.

i. Hold UNB to get higher APYs on stablecoins farms like USDT, USDC, DAI, UST, etc.

Q9 from Telegram user @raine1718

What are the team’s objectives and plans for the project’s future development? Please provide us with a summary of your project and its objectives.

Si

The main intent of Unbound is to improve the overall efficiency of the Defi space and to open newer and better avenues of yield for users.
We are currently live on the Ethereum mainnet and the testnets of BSC, Polygon, Harmony and Avalanche. Along with these blockchains, our engineers are actively developing solutions for integration with various other chains such as Solana, Fantom, Arbitrum, KCC, HECO, Polkadot and Tezos whose Roadmap we will be releasing soon.
Ethereum mainnet : https://app.unbound.finance/
Polygon testnet : https://app.unbound.finance/
Harmony testnet : https://app.unbound.finance/mint
BSC testnet : https://app.unbound.finance/mint
Avalanche testnet : https://app.unbound.finance/mint
We also intend to launch our mainnets on BSC, Polygon, Harmony and Avalanche in the days to come.

UND will be one of the first decentralized stablecoin which will back gaming NFTs on Efinity. We will continue exploring the backing of NFTs for various in-game NFTs and metaverse NFTs.

As a part of our plan to construct native bridges for enabling cross-chain transfers of our stablecoin UND and other synthetic assets (like uETH), we are working towards building our platform on multiple EVM-based public blockchains.

We plan to partner with various DeFi DEXs and launch UND pools on AMMs across multiple blockchains.

We are also building doorway liquidity aggregator contracts for Uniswap V3 that would enable the collateralization of Uni V3 NFT liquidity positions through Unbound.

Q10 from Telegram user @cenkkargin0666

As it is known, nowadays people have problems in trusting crypto projects. What does Unbound Finance do to convince and trust its users? Have you passed the AUDIT, do you have a report?

Si

Since the launch of Unbound in 2020, we have achieved major milestones followed by a series of transitions and developments. Our platform has undergone robust verification and validation processes performed by some of the best industry auditors.
Our first security audit and threat modelling exercise (STRIDE) was done by Peter Kacherginsky, a principal blockchain security researcher with a major crypto exchange and incident responder who helped us in identifying the threats such as flash loan attacks in our platform’s infrastructure and successfully executed our first audit.

The second audit was completed with Securing, who reproduced the flash loan attack threat as pointed out by Peter Kacherginsky during the first audit. We resolved the issue by implementing a new oracle structure.
As a part of the new price oracle solution for Unbound, we decided to use a geometric mean of Chainlink and Uniswap’s TWAP to provide a more accurate price feed and to reduce dependency on a single price oracle.
The Third audit was recently conducted by Whitehat Lucash-dev, a recipient of the Whitehat Scholarship at Immunefi, one of the highest-paid bug bounty hunters at Hackerone.

We have also completed our fourth audit with Securing. The Securing team reviewed the code of Unbound vaults for security vulnerabilities and successfully completed the audit.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/unboundfinance
Medium –https://unboundfinance.medium.com/
WebSite – https://www.unbound.finance/
Twitter-https://twitter.com/unboundfinance

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