Paul Veradittakit, a partner at crypto venture fund Pantera Capital, explained why the team invested in cross-chain liquidity protocol Unbound Finance in a post yesterday.
“Unbound presents a promising model for the open flow of liquidity across a myriad of DeFi products, laying the path for the highly-composable, cross-chain DeFi of the future,” he stated.
The Unbound DeFi train
Launched earlier this year, Unbound is aiming to create capital-efficient products that are both native and composable to the DeFi ecosystem. The liquidation-free collateralization platform allows users to borrow interest-free loans against liquidity pool tokens as collateral.
Through strategic partnerships, the project is building native bridges to allow cross-chain transfers of its stablecoin and other synthetic assets.
Unbound will offer a suite of products to unlock liquidity from a diversity of automated market makers (AMMs) on different blockchains, including synthetic assets collateralized by liquid
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